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Hi All,
This is my first post and was looking for some advice regarding a debt I have which is currently with Lowells.
I took out an HP agreement back in 2008 and maintained this without any issues until I lost my job and struggled to keep up with the payments. I 2011 Blackhorse logged a default on my credit file, subsequently I was in communication with black horse who agreed to repossess the vehicle in January 2012 leaving an outstanding balance of £1532.
Fast forward to now and after admittedly ignoring the debt collectors who black horse passed this to it has now ended up with Lowells. At the start of this year I decided I would offer them £750 as full and final settlement to bring the matter to a close. However, Lowell are refusing to accept this and I have agreed to £1 a week payment plan and after informing them I will cease making any further payments once the debt becomes Statute barred. I would really like to resolve this now and don’t really want to be dragging it out for a further 18 months. Is there anything I can do or say to get them to come around from their position and accept payment of the sum I have offered as final settlement?
I would appreciate any advice on the matter that the more learned of you posters may have.
Thank you all in advance!!
This is my first post and was looking for some advice regarding a debt I have which is currently with Lowells.
I took out an HP agreement back in 2008 and maintained this without any issues until I lost my job and struggled to keep up with the payments. I 2011 Blackhorse logged a default on my credit file, subsequently I was in communication with black horse who agreed to repossess the vehicle in January 2012 leaving an outstanding balance of £1532.
Fast forward to now and after admittedly ignoring the debt collectors who black horse passed this to it has now ended up with Lowells. At the start of this year I decided I would offer them £750 as full and final settlement to bring the matter to a close. However, Lowell are refusing to accept this and I have agreed to £1 a week payment plan and after informing them I will cease making any further payments once the debt becomes Statute barred. I would really like to resolve this now and don’t really want to be dragging it out for a further 18 months. Is there anything I can do or say to get them to come around from their position and accept payment of the sum I have offered as final settlement?
I would appreciate any advice on the matter that the more learned of you posters may have.
Thank you all in advance!!
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