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Advice please... Lowell Financial

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  • #1

    Advice please... Lowell Financial

    Hi everyone this is my first post just looking for some information.

    Today I got a letter from Lowell Financial saying I owe £160 and the letter starts off:-

    Dear *********

    We've not heard from you

    We refer to our previous letter. You previously had loan(s) from Provident Personal Credit Limited where their agent visited you at home on a regular basis to take your agreed payment. Your account has been sold to Lowell because you did not continue to make your payments.

    We need you to contact us urgently to discuss this account, so please call us on 0333 556 5709 or visit our website www.lowell.co.uk to either pay in full, if you can afford to do so, or set up an affordable repayment plan.

    It then goes on to say about being able to set up weekly or monthly repayment plan etc

    The problems not amount as I can easily pay this off, but this is the first I've heard anything about a Provident loan... I had a loan with greenwoods (also run by provident?) But this was about 4 years ago and I'm not going to just hand over £160 without knowing for sure I definitely owe this. I've had no threats of baliffs etc as I have read you can get with debt collection companies but as I am saving up for a house I don't want anything that could effect me being able to get a mortgage in the very near future.

    Also as the last I heard from Provident was 4 years ago and since then my number has changed so is there anyway I can do everything in writing as I don't give my number out to companies and so I also have everything they say in writing?

    Thanks for taking the time to read this -Thewolf
    Last edited by Thewolf; 8th November 2016, 21:46:PM.
    Tags: None
  • #2
    Re: Advice please... Lowell Financial

    Have you checked your credit file? to see if there is anything on there that relates to this debt, you can check Noddle for free or clearscore for free also...

    If it has been sold to Lowell from Provident I would have thought Lowell would have placed a default on your credit file..

    Comment

    • #3
      Re: Advice please... Lowell Financial

      Hi Stu thanks for the advice I'm new to all this how do I check my credit file?

      Thank you for your help -Thewolf

      Comment

      • #4
        Re: Advice please... Lowell Financial

        https://www.clearscore.com/

        https://www.noddle.co.uk/?gclid=CjwK...mIoBoCJAnw_wcB
        CAVEAT LECTOR

        This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

        You and I do not see things as they are. We see things as we are.
        Cohen, Herb

        There is danger when a man throws his tongue into high gear before he
        gets his brain a-going.
        Phelps, C. C.

        "They couldn't hit an elephant at this distance!"
        The last words of John Sedgwick

        Comment

        • #5
          Re: Advice please... Lowell Financial

          You will need a bank account and input the details but it is just for verification of your identity no money is ever taken and it is not a subscription also you will need to answer 3/4 security questions and you welcome the wolf
          • 1 thank

          Comment

          • #6
            Re: Advice please... Lowell Financial

            Thinking tactically (& only my opinion here).

            The alleged debt is quite small (£160).
            Lowells will have paid pence in the pound to buy it. (£10, £15.......£20 max).
            & it's a type of payday loan, so it could possibly fall foul of the rules concerning such loans.
            I doubt whether Lowells would want to spend too much money or effort on chasing this.
            Sooo......I think I would send them a CCA s77 request for info.
            It is unlikely that they will have it to hand, & for them to obtain it from the original creditor usually costs the new 'owner'.
            For a £1 fee (plus postal cost), you might just stop them from pursuing it. (They will know that if they do not fully comply with the request, they cannot enforce it via court.....which also costs them money.)
            From a purely commercial point of view, the more they have to spend, the less attractive it is to chase.
            CAVEAT LECTOR

            This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

            You and I do not see things as they are. We see things as we are.
            Cohen, Herb

            There is danger when a man throws his tongue into high gear before he
            gets his brain a-going.
            Phelps, C. C.

            "They couldn't hit an elephant at this distance!"
            The last words of John Sedgwick

            Comment

            • #7
              Re: Advice please... Lowell Financial

              Hi everyone thanks for all the advice.
              Charitynjw Please Can You Explain What A CCA s77 I'm A newbie to all of this thank you.
              -Thewolf

              Comment

              • #8
                Re: Advice please... Lowell Financial

                Originally posted by Thewolf View Post
                Hi everyone thanks for all the advice.
                Charitynjw Please Can You Explain What A CCA s77 I'm A newbie to all of this thank you.
                -Thewolf
                It's a request to the creditor (or new owner/assignee) for documentation associated with an agreement which is regulated via the Consumer Credit Act 1974.
                As yours is a loan, s77 is applicable.
                The creditor (or owner) then has 12 days to produce compliant documentation; a further 2 days are added for postal reasons.
                If the creditor etc. fails to do so, or sends defective documentation (illegible, T&Cs missing or wrong, etc) the alleged debt cannot be enforced via court until/unless they do comply.
                The agreement copy can be reconstituted for the purposes of a s77 request, but it must be accurate.
                This is a fairly simplistic explanation
                Link to s77 CCA - http://www.legislation.gov.uk/ukpga/1974/39/section/77
                CAVEAT LECTOR

                This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

                You and I do not see things as they are. We see things as we are.
                Cohen, Herb

                There is danger when a man throws his tongue into high gear before he
                gets his brain a-going.
                Phelps, C. C.

                "They couldn't hit an elephant at this distance!"
                The last words of John Sedgwick
                • 1 thank

                Comment

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