Lowell Portfolio I Ltd has misplaced its FCA authorisation, however this doesn’t imply your debt is wiped. Right here’s what the change truly means, why your repayments nonetheless matter, and what to do if you happen to’re not sure.
£10 enroll bonus: Earn straightforward money by watching movies, enjoying video games, and getting into surveys.
Get a £10 enroll bonus if you be a part of at the moment.
Be a part of Swagbucks right here >>
In the event you’ve noticed posts flying round Fb about Lowell Portfolio I Ltd dropping its FCA authorisation, you’re not alone.
From 18 August 2025, the corporate can now not present regulated actions or merchandise. That’s triggered a whole lot of panic, with folks questioning if they will cancel their Direct Debits or if their money owed have been written off.
The brief reply? No, your debt hasn’t disappeared.
Who Lowell Portfolio I Ltd truly are
Lowell operates a number of firms below the identical group.
It may get complicated, however right here’s the straightforward breakdown:
- Lowell Portfolio I Ltd – this firm buys and owns money owed.
- Lowell Monetary Ltd – this firm manages and collects these money owed from prospects. (This a part of Lowell remains to be authorised and controlled by the FCA.)
- Overhals Authorized Ltd – their in-house solicitors who cope with courtroom motion if money owed aren’t repaid.
So, whereas Lowell Portfolio I Ltd itself is now not FCA-authorised, the collections and enforcement aspect may be very a lot nonetheless working.
Are you able to cease paying Lowell?
In virtually each case, the reply is not any, you shouldn’t cease paying.
- When you’ve got a compensation plan arrange, whether or not by Direct Debit, standing order, or one other technique, you continue to owe the cash.
- In the event you cancel your funds with out an settlement in place, you may face:
- Further charges or penalties.
- Injury to your credit score rating.
- Potential authorized motion, together with a County Courtroom Judgment (CCJ).
The money owed owned by Lowell Portfolio I Ltd are nonetheless legally enforceable. In the event you’re ever unsure, get written affirmation from Lowell earlier than making any modifications.
Skint Dad says…
“There’s a whole lot of noise on social media about Lowell dropping its FCA authorisation, however this isn’t a get-out-of-debt-free card. In the event you owe them cash, you continue to must cope with it as ignoring it may make issues worse.”
Why Lowell misplaced FCA authorisation
This isn’t about Lowell “going bust” or money owed being wiped. At a guess, it’s possible an inner restructuring:
- Some firms within the Lowell Group maintain the money owed (like Lowell Portfolio I Ltd).
- Others acquire the money owed (like Lowell Monetary Ltd).
- If an organization doesn’t instantly cope with shoppers, it doesn’t at all times want FCA authorisation.
The important thing takeaway is that the enterprise hasn’t stopped amassing money owed; they’re simply dealing with it by means of their different FCA-regulated firms.
What to do if you happen to’re nervous
In the event you’ve seen the information and aren’t certain what it means for you:
- Don’t panic – dropping FCA authorisation doesn’t imply your debt is wiped.
- Maintain making funds – except Lowell tells you in any other case in writing.
- Examine who you’re paying – your statements ought to present if funds are going to Lowell Monetary Ltd.
- Ask for written affirmation – you’ve got the proper to request an announcement of account exhibiting:
- Who owns the debt.
- How a lot is owed.
- Who’s amassing on their behalf.
- Get free debt recommendation – communicate to StepChange, Nationwide Debtlineor Residents Recommendation if you happen to’re struggling.
Naomi is aware of the burden of dwelling on little or no and have become debt free by following her personal cash saving suggestions and tips. She is an professional on saving cash on the grocery store and aspect hustles.