Who are Lowell Financial?

Lowell Financial are a debt collection company based in the UK, they are a part of the collective Lowell Group which includes Lowell Limited, Lowell Solicitors and Lowell Portfolio 1 limited.

Lowell Group works together to handle and recover outstanding debts that have been passed on by lenders.  

Why are Lowell Financial contacting me?

Lowell Financial are a debt collection agency, they work as part of the larger Lowell Group collective, who buy up outstanding debt from companies at a discount, taking responsibility for the recovery of the outstanding unpaid debts. If you have received letters or contact from Lowell, it is likely your creditors have passed your debts over to Lowell for recovery.

Is contact from Lowell serious?

Yes, receiving a letter or call from Lowell should be taken seriously. Lowell Financial are a legitimate debt collection agency registered and regulated by the Financial Conduct Authority (FCA) a strict financial conduct that ensures the company works within legitimate regulations and rules. This means the company can and will pursue your unpaid debts. After contacting you, Lowell will continue to seek your outstanding debts from you.

This contact can escalate to sending debt collection agents to your property, the ceasing of property and in the extreme legal action and court hearings. Contact from Lowell should be taken seriously and ignoring this contact can have consequences.

Who do Lowell Financial collect debts for?

Lowell Financial operate across a wide spectrum of businesses and collect debts on behalf of a wide variety of companies, these can include phone service providers like EE, 02 and Three but can range to energy companies like British Gas and internet providers like BT.

Lowell Financial are one of the largest debt collection services in the UK and they operate across a large number of sectors and industries across the country. Lowell work with a wide variety of retailers and service providers, if your previous debts with a company have defaulted, it’s likely the debts have been passed over to Lowell for collection.

Can a debt management plan stop further Lowell contact?

Dealing with debt collection services on your own can be daunting, especially if you are unable to make repayments and it can be hard to know what options are available. Luckily, a debt management plan may be able to help. By contacting a debt advice company, like MoneyPlus Advice, we can offer advice and set up a debt management plan that can help lower your monthly payments and find a repayment method that works for you, as part of a debt management plan you will be granted legal protections from creditors.  

We can deal with creditors and debt collectors on your behalf, protecting you from future contact, bailiff, and court hearings from Lowell. MoneyPlus Advice offers judgement and jargon free financial advice, that helps you deal with your debts, to see if a debt solution is right for you.

I have received a letter from Lowell Financial what does this mean?

If you have received a letter from Lowell, it is likely that your creditors have sold off your outstanding debts to Lowell Financial. This letter will include a request for the outstanding debt repayment as well as any addition fees and interested applied by Lowell Financial.

It is important to take action after receiving this letter, Lowell will continue to apply pressure to receive payments and any attempts to ignore their requests will likely lead you into further debts, legal action and the potential for the agency to send bailiffs to your house if you continue to ignore these requests. This why contacting a debt advice company as soon as possible is important.

Lowell Financial are sending debt collectors to my house, what should I do?

Do not let debt collectors into your home. It’s vitally important to remember that debt collectors cannot legally enter your home and cease your property without legal due process. Debt collectors may use intimidation tactics or threats to enforce payment from you but it’s important to remember your legal protections.

Though you should keep in mind that Lowell will continue to seek payments from you and once debt collectors are sent, the company may move ahead with legal action against you as a final effort to recover your debts. While you may be able to keep Lowell Debt Collectors away from your property in the short term, full repayment or a debt repayment plan is the only way to completely stop further action.

Will Lowell Financial repossess my home?

Losing your home to Lowell is unlikely, however, it can happen if your outstanding debt is secured against your home.

When looking to obtain unsecured debts, Lowell will require a court order known as a charging order before being allowed to repossess your valuables and property.

It’s important to seek debt advice before your arears with Lowell proceeds to this point, if you have received letters, phone calls or visits from Lowell agents requesting payment you should get in contact with MoneyPlus Advice before legal action is taken against you.

What debt help plans can help stop Lowell Debt recovery from contacting me further?

There are many debt management plans that can protect you from creditors and recovery agents such as Lowell Financial.  When signing up to most debt management plans, you become legally protected from creditor contact and all payments and interaction with your creditors is handled by your advisor at MoneyPlus Advice.

There are a number of debt management solutions that can help you more manageably repay your debts, these include:

Individual Voluntary Arrangement (IVA)

An Individual Voluntary Arrangement is a form of insolvency that allows you to write off up to 80% of your debt as an alternative to bankruptcy.
Once entered, creditors can no longer contact you directly as all contact goes through your debt management company (us!)
After making repayments over a set time, any remaining debt is officially written off.

Debt Management Plan (DMP)

A Debt Management Plan is an informal agreement between you and your creditors to payback your debts, put in place between you or a third party to help reduce your monthly repayments to creditors.

Unlike some other debt solutions, a DMP is not legally binding. Through a breakdown of your income and monthly spend, a monthly payment amount of proposed based on what you can more manageably afford, usually over an extended period.

What if I can’t afford to pay Lowell Financial?

If you have the money to repay your outstanding debts to Lowell Financial, it’s best to repay them before things escalate to further contact or legal actions.

If you are unable to make your payments, a debt plan may be a good option. A debt advisor will work out a debt repayment plan, allow you to repay only what you can afford back towards your debts each month.

An IVA with MoneyPlus Advice could cut your monthly repayments by £239 a month, allowing you to repay your debts in a manageable, easy monthly instalment.

How do I stop contact from Lowell Financial?

As Lowell Financial are an FCA authorised debt collection agency, they can legally contact you in multiple ways to try and recover payments from you. It’s important to remember that Lowell Financial are not legally allowed to harass or intimidate you and try to bully a customer into paying or contact you at unreasonable times.

What a reasonable time means may be unfortunately broad and early morning/late evening calls could be expected.

You are also able to request that Lowell cease contacting you by any means other than by letter, if you no longer wish to receive contact via phone calls or through emails you can opt out by contact Lowell directly and requesting they no longer contact by these means.

Lowell will continue to pursue you until a payment is made or you get in touch with a debt advisor to contact Lowell on your behalf. Speaking to a financial advisor can help put a debt repayment plan is place between you and Lowell. Once a Debt Repayment Plan is reached and your plan is approved you will be legally protected from creditor contact and Moorcroft will be unable to contact you further.

How do I get help with Lowell Financial?

If you have received contact from Lowell Financial getting in touch with MoneyPlus Advice today is the best course for dealing with the Debt Recovery service. Our website can tell you in ten minutes if you are eligible for a debt plan and the sooner you get in touch, the sooner you can be ahead of your debts.

Don’t put off getting ahead of your debts, get in touch with MoneyPlus and live better today.

Still unsure or wish to know more?

That’s where our advisors come in, our expert advice team can help you find the debt plan that works for you and will help you get debt free. If you feel you may qualify for an IVA, give us a call and we will help you work it out.
At MoneyPlus we understand that every financial situation is different and approach every customer with the care and individuality that they deserve.
So, get in touch today and start living better with MoneyPlus Advice.