Lowell Financial Limited

Clear Your Debt With One Affordable Monthly Payment


Lowell Financial Limited






0333 556 5552



PO Box 13079 Harlow CM20 9TE

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If you have recently received a letter, phone call or even a visit to your home from Lowell Financial Limited, then you may have had one or more of your debts passed to the debt collection company. For many of our clients, this can be an incredibly worrying time.


In this article, we aim to offer you some advice and guidance on how this has happened, how Lowell Financial Limited tend to operate and what your options are, giving you the best chance of a positive outcome.

Who Are Lowell Financial Limited?

Based in Leeds, Lowell Financial Limited are a debt collection company who purchase debts from an array of UK based businesses, including energy suppliers, phone or insurance companies and retail. 


Companies like Lowell operate by buying debts from companies that have failed to chase the debt themselves. They purchase the debt at a lower amount than the original arrears. Once Lowell have purchased a debt from one of their client companies, they will then chase the debt at the original price, meaning, once they have received it, they will make their profit.


It is important to realise that once the debt has been sold to Lowell, they become your legal creditor, NOT the company you were originally in debt to. 


Lowell Financial Limited are a legitimate company and they are FCA regulated, meaning that it is essential that you take this seriously, since they will most likely be operating within the law.


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Why Have Lowell Financial Limited Contacted Me?

If Lowell Financial Limited have contacted you, it is likely that a company that you owe money to has sold that debt to Lowell, and now they are trying to reclaim that debt. 


A company may sell a debt if you have fallen behind with payments or have built up a significant debt and are failing to respond to that companies’ debt collection efforts.


Like most debt collection or bailiff firms, Lowell will use a range of methods to reclaim that debt, including phone calls, letters and even home visits. If you fail to respond to these methods, then they can even take court action.


It is essential, at this point, that you begin to engage with your debt and take action. 

Could Lowell Financial Take Me To Court?

The short answer to this question is YES. If you fail to engage with Lowell and their efforts to contact you and discuss your debt, or if you fail to stick to any repayment plans they have set, then they could obtain a CCJ (County Court Judgement).


Once this CCJ is obtained, they will be authorised to begin enforcement action including instructing a bailiff to collect on the debt. 


An instruction to a bailiff WILL result in them taking action such as, visiting your home and taking items to the value of the debt, applying for an Attachment of Earnings, whereby money will be taken directly from your income or they could issue a Statutory Demand, possibly resulting in you being made bankrupt.

What Options Do I Have?

Of course, the first option is to attempt to settle you debt with Lowell. But if you are unable to do this, then there is another way.


By entering into an Insolvency Debt Solution such as an IVA (Individual Voluntary Arrangement), you could tackle your debt by making one affordable monthly repayment towards your debt for a period of five years. This monthly repayment is based upon what you can afford NOT the amount you owe. 


Once the five year period has ended, whatever balance is left to pay is automatically written off. Leaving you to start again.


It is typical for this amount to be around 75% of our client’s debt, however it is not unusual for this write off amount to reach up to 85% of the original arrears.


Below is an example of a real life IVA.

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IVA Guides and Information

What is an IVA?

What Is An IVA?

An IVA can be a great, positive way to help with your debt. Allowing you to continue living your life without the stress of being chased by your creditors. Click to find out more about what an IVA is.

IVA Advice

Is An IVA Right For You?

Whether an IVA (Individual Voluntary Arrangement) is right for you or not will largely depend on your personal situation e.g. debt level, number of creditors, affordability etc. Click to find out more.

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How Does An IVA Work?

An Individual Voluntary Arrangement (IVA) is a debt solution where you agree with your creditors to pay all or part of your debts. When it is completed, any remaining debts are written off. Take a look at our article to find out more.

What Is An IVA

Which Debts Can Be Included In An IVA?

Many kinds of debts can be included in an IVA. IVAs are limited to unsecured debts but by solving your unsecured debt problems, you may find paying any secured debt much easier.

Apply For An IVA

How Do I Apply For An IVA?

Applying for an IVA (Indivudual Voluntary Arranagement) is a fairly straightforward process. Click the button below and a member of our team will contact you and guide you through the process. 

IVA Pros and Cons

What Are The Pros & Cons Of An IVA?

As with many things in life, there are benefits and consequences we need to consider. Take a look at our Pros and Cons article to find out whether an IVA is right for you

IVA Fees

Does An IVA Have Fees?

Setting up an IVA does incur some costs; however, you will not be expected to pay anything up front at the beginning of the arrangement and there will be no surprise costs at the end of the arrangement.

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Are IVAs Worth It?

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Is an IVA a Bad Idea?

Whether an IVA is a good or bad idea is largely dependent on your financial circumstances. Of course, every debt solution is going to have its advantages and disadvantages. These need to be considered and weighed up so that you can make an informed choice.

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Do You Lose Assets With An IVA?

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