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Lowell Portfolio

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  • Lowell Portfolio

    Lowell is one of the UK’s largest credit management companies. According to Lowell’s website Lowell is a group of companies that includes Lowell Portfolio 1 Ltd and Lowell Financial Ltd. Lowell Portfolio 1 Ltd take on debt from lots of different companies. Lowell Financial Ltd manage that debt on behalf of Lowell Portfolio 1 Ltd. Lowell Financial Ltd works with customers to help them find the best way to manage their debt……. ….Our business in the UK is comprised of a number of legal entities, and are in some cases authorised and supervised by regulatory bodies.’

    Lowell claim that they will not issue County Court Judgments (CCJ’s) without following the proper process, although in our experience, this is not always the case. Like most debt purchasers, they claim to help you to manage your debt through affordable repayments, and to support you through the process.

    In common with most debt purchasers, their real aim is to maximise their investment in the debts they purchase. To this end, they will sometimes accept repayment plans, but may require proof of your income and expenditure before agreeing terms. Be aware, however, that these plans are usually informal and can often be reviewed or revised, usually every 6 months. A repayment plan does not stop Lowell from issuing a claim. We have many clients who have had court proceedings issued against them while they are in such repayment plans.

    Our view is that these companies, once they issue proceedings must show us and the courts that they have complied with the statutory requirements of the Consumer Credit Act 1974 and the Law of Property Act 1925. If they have not, then they are not legally entitled to enforce these debts.

    Lowell Portfolio 1 Limited usually issue the claims against consumers in bulk using a firm of Solicitors, Lowell Solicitors Limited who are also part of the Lowell Group of companies.
    Legal Disclaimer

    I am a Litigation Assistant at
    Joanna Connolly Solicitors a firm which specialises in consumer credit. If you need to contact me you can send a message by clicking on my username or by emailing me at sam@joannaconnollysolicitors.co.uk or by telephoning 0330 053 9340. Our initial advice is always free.

    Any posts I make on the AAD Consumer Forum are for information and discussion purposes only and shouldn't be seen as legal advice. Any advice I provide on the forum is without liability. If you are unsure please seek formal legal guidance or contact your local citizens advice bureau at https://www.citizensadvice.org.uk

  • #2
    It’s nice they like to keep everything in house, is that to make tax evasion easier??

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