Lowell Financial Debt Collectors - Should I Make Payment?

If you have received a letter from Lowell Financial, this may be because they have purchased your debt from the company you owe money to. This means Lowell Financial will be responsible for chasing debts moving forward as the debt is legally owed to them.

What powers do Lowell Financial have to collect payment?

Lowell Financial have experience and resources which they can dedicate towards retrieving debt. This means that you can expect to receive frequent contact including phone calls and letters.

As a debt collection company, they are regulated by the Financial Conduct Authority (FCA), which means they must follow a set code of practice. If you ignore their letters or other forms of contact they have powers which include sending an agent to your house, adding fees to your account, or escalating the matter to the sheriff court through a writ of summons.

If you find yourself struggling to make this payment, our team at Scotland Debt Solutions can guide you to find a solution. You can receive expert advice and your advisor will be responsible for contacting Lowell Financial moving forward.

If you cannot make an outright payment to write off your debt, Lowell Financial can offer a payment plan to break payments into instalments. However, if you are considering this option, you should be conscious of any upcoming payments which you may have to make, including utility bills, council tax, or rent payments. We recommend planning a budget to organise outgoing costs and ensure you do not fall behind.

How can I stop letters from Lowell Financial?

If you are becoming stressed due to receiving increasing letters from Lowell Financial, there is support available and our experienced team of advisors at Scotland Debt Solutions are here to help you through this.

Your Scotland Debt Solutions advisor will speak to you to learn more about your situation and help uncover the most suitable solution moving forward. There are solutions available including arranging a Trust Deed, Sequestration, or a payment plan such as a Debt Arrangement Scheme (DAS).

Once you have spoken to your advisor about potential solutions, they will be able to assist you through this process. Your advisor will make all communication to Lowell Financial, bringing instant ease to your concerns. We understand that this can be an unsettling position to be in and how it may have an impact on your mental health.

Contact one of our expert advisors today from Scotland Debt Solutions on 0141 326 0417 and bring an end to the letters and phone calls.