credit card debt bought by lowell

[starliner55]

Please can you advise me about this ,lowells have purchased a debt owed to capital one,this debt is over 7yrs old can you advise my next move,this is for £852.00

[Angry Cat]

Re: credit card debt bought by lowell

When did you last make a payment?

[debtisbad]

Re: credit card debt bought by lowell

Please can you advise me about this ,lowells have purchased a debt owed to capital one,this debt is over 7yrs old can you advise my next move,this is for £852.00

Hi Starliner, it may be worth a read of my thread about how I wrote off over 10 thousand pounds of debt with these low life chancers. They specialize in buying out of date (statute barred) debts and difficult debts and hoping that people respond to their threats by paying up.

In my own case, they chased me for almost 5 years before I realized that I did not owe them a penny!

Check if your debt is statute barred, as it sounds like that may be a possibility-see the threads on here about that topic.

Also, realize that you are dealing with cheaters and liars, so check each step of the way.

Do not enter into any conversations with them-everything in writing only and do not admit anything to them. Check each letter that you are going to send by posting on here first, removing any personal details.

[starliner55]

Re: credit card debt bought by lowell

When did you last make a payment?

this debt is over 7 years old ive totally forgot about it then the first thing i know lowell purchased debt sent me letter require payment do i have to pay because of time lapsed on capitol one not contacting me can this become statute

[Rohan]

Re: credit card debt bought by lowell

Hi,

You are saying the debt is over 7 years old, when was the last time any payment was made towards this debt.

If the debt is genuinely statute barred and there is no CCJ against it, once you have written to them stating that it is, then that is a complete defence to any court proceedings that they may try to bring.

The OFT guidelines on debt collection clearly state that a creditor/dca should cease all future attempts at collecting a debt when the debtor has told them that he/she will no longer be making any payments as the debt is Statute Barred.