LOWELL PORTFOLIO I Ltd (Debt Purchase Specialists of Leeds LS11 9WS) may have contacted you ‘out of the blue’ relating to an old address, credit card or bank account, *see examples.* If so, they have purchased a ‘skeleton from within your debt cupboard’. SAFE, and other organisations like ‘moneysavingexpert.com’ & ‘consumeractiongroup.co.uk’, are receiving an increasing number of complaints from members about Lowell who are chasing old debts, indeed some very old debts, 18/20 years, way beyond the Statute of Limitation 6 year limit, (or 12 years for a debt secured on land/property; mortgage).

If you have been contacted by LOWELL PORTFOLIO I LTD please contact SAFE and your MP, because SAFE, as the Secretariat to the All Party Parliamentary Group Against Financial Exploitation intends to raise questions in Parliament with the Treasury Minister regarding practice and ethics of institutions (licensed by the Crown), selling on debts, especially when the lenders have claimed tax relief in their provision for bad debts, then years later sell on the dormant debt to a third party.

The *accounts* of Lowell show a turn over last year of £10,897, 290 which indicates several thousands of people have been chased successfully. Anyone thinking of settling an account with Lowell who has other similar debts should remember that to pay only one of them makes it a ‘Preferential’ payment and could cause more problems, seek advice for an IVA, (Individual Voluntary Arrangement).

A further written question is likely to go to the Information Minister because the transfer of the records of the borrower by the lender to a third party we believe to be in breach of the Data Protection/Information Acts.

Links to documents:

Examples | Accounts | Lowell Directors & Addresses

Related Article:

RED DEBT COLLECTION

"After the intimidatory letters from Lowells' Portfolio I Ltd they then continue the harassment with their associated organisation, RED DEBT COLLECTION SERVICES which is part of Lowell Financial Ltd., which appears to have the support of the cash crazed British Establishment and industry:-

News release: 12 September 2007.... Read Full Article