Lowell

Lowell is a European group that buys debt portfolios, collects overdue receivables and supports corporate clients with payment handling. Its office is at No.1 The Square, Thorpe Park in Leeds.

Services

The listed services are debt collection, purchase of debt portfolios, pre-legal collection and account management. Purchasing a portfolio means a creditor sells a group of overdue accounts for an upfront price instead of waiting for collection, and pre-legal collection is the contact stage before court action is considered.

Markets

Five markets are named: the United Kingdom, Germany, Austria, Switzerland and Norway, with Scandinavia mentioned more broadly in the service geography. This spread suits creditors whose customers are in several European countries, and who want one group handling their accounts instead of separate local agencies.

Who it suits

Lowell may fit lenders, telecom or utility-type businesses, and payment providers with bad debt that they want to sell or place for collection. Pricing for portfolio purchases and collection fees is not published and depends on the quality and age of the debt, so terms should be requested directly.