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Hi All,
I am here a bit of advice. Recently I have been receiving a lot of letter from Lowell Portfolio in relations to a loan of £303 which I defaulted on back in 2011. I have been ignoring these letters as I thought these was just scare tactics used by a Lowell, however the account has now been passed on to Lowell Solicitors and I have been sent a "Letter of Claim" as seen in the picture. I am happy to pay the £303 as a last result but I just want some advice before I make the payment. My biggest concerns are my credit report, as from my understanding the default will reset 6 years if I make the payment now, or if I get a CCJ that will also been there for 6 years.
I'm new to this site so thanks for your help in Advance.
I am here a bit of advice. Recently I have been receiving a lot of letter from Lowell Portfolio in relations to a loan of £303 which I defaulted on back in 2011. I have been ignoring these letters as I thought these was just scare tactics used by a Lowell, however the account has now been passed on to Lowell Solicitors and I have been sent a "Letter of Claim" as seen in the picture. I am happy to pay the £303 as a last result but I just want some advice before I make the payment. My biggest concerns are my credit report, as from my understanding the default will reset 6 years if I make the payment now, or if I get a CCJ that will also been there for 6 years.
I'm new to this site so thanks for your help in Advance.
