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Lowell Financial are a part of the Lowell Group who specialise in debt retrieval on behalf of other companies. They purchase debts from companies such as O2, Vanquis Credit Cards, and Capital One. If you have outstanding phone bills or unpaid credit card payments, along with other forms of debt you may be contacted by Lowell Financial.
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.
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.
Lowell Financial offer different methods of payment including a payment plan, one-off payments, and payment over the phone. It is advised that you should first check to confirm the amount they are requesting is legitimate and enforceable. You can do this through a letter requesting proof of debt- there are many free templates online for this. They are legally obliged to confirm that the payment is valid.
If you receive confirmation that the debt is valid, then it is recommended that you make a payment to clear your debt with Lowell Financial. This will prevent any further measures such as interest charges, home visits, or financial restrictions, such as an Earnings Arrestment.
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.
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.
Common Debt Issues
If you would prefer a meeting in the comfort of your own home, we are happy to arrange a date and time convenient for you no matter where in the country you are based.
We have five offices located across Scotland. Find your nearest one here.
Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.
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Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority
Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.