Debt Collection Letter What Should I Do?
If you have received a letter from a debt collection agency similar to the one below, then you really do need to take advice! If these sort of letters are ignored, then the situation could get even worse for you.
P.O. Box 172
0844 844 471
Dear Mr XXX
Our next steps
We have tried to help you find a way to repay what you owe and informed you that we would forward your account to Red Debt Collection Services – our collection agency.
Red Debt Collection Services will access your account, credit file and your financial commitments to make a recommendation on how to recover the outstanding balance. This could include taking legal action or issuing a statutory demand which if remains underpaid can result in us petitioning the court for your bankruptcy, providing the amount you owe is more than £750.
It’s not too late – Make us an offer
we are willing to accept any repayment arrangement offer that you can afford, taking into consideration your financial circumstances will stop Of repayment plan can be weekly or monthly; which ever best suits your financial circumstances.
When your balance is cleared we will update the Credit Reference Agencies to show your account as satisfied.
Please call us today on 0844 844 4716 to discuss an affordable payment plan or visit our website www.lowell.co.uk and you can either pay off your balance by debit card or set up monthly, affordable direct debit.
Should you need free impartial advice, details of the organisations that can provide this are overleaf.
Chief Operation Officer
So don’t let things get worse do take advice.