Lowell

📰 Don't miss Lowell's Debt Download, our LinkedIn newsletter exploring topics that impact the credit sector and those dealing with problem debt. This issue read about: 1️⃣ Lowell’s Fairer Debt, Fairer Society campaign, looking at the impact our new Government can have on financial inclusion in the UK 2️⃣ Our latest data, looking at the relationship between young gamblers and problem debt 3️⃣ Our input into the Centre for Social Justice’s deep dive into council tax debt and the impact on the vulnerable 4️⃣ Highlights from our annual Consumer Duty report 5️⃣ Our latest financial performance #creditsectornews

Ever wondered what goes on behind the scenes at an ethical debt collection organisation? Then read our annual Sustainability report to see the difference we're making 👇 https://lnkd.in/eabrMUYd #sustainability

This morning we published our results for Q2 24, as announced to our bondholder community by Group CEO Colin Storrar and Group Finance Director Jamie Wilson. We're proud to report another strong quarter, see the highlights below 👇 Read our full press release at https://lnkd.in/erteErDC #financialresults #creditsector

We are pleased to announce that BaFin has granted our company Proceed Credit & Collections Services GmbH their permission to perform credit services according to the German secondary credit market act! The requirements for BaFin authorisation include a reliable business organisation and internal control mechanisms that guarantee appropriate compliance and, in particular, the protection of borrowers' rights. At Lowell, we have processes that have been tried and tested over many years and which take the interests of our clients and the rights of consumers into account in a balanced manner. We take an ethical approach to debt management and always endeavour to find the most appropriate, sustainable and fair solution, taking into account a consumer's individual situation. Our aim is to develop viable solutions for our clients and consumers when dealing with outstanding receivables. As a credit service provider that processes credit claims for buyers of loan portfolios on the secondary market, we are now subject to supervision by BaFin in Germany. At Lowell, we support the fact that companies involved in receivables management must meet strict requirements. The BaFin permission confirms our quality standards. This success would not have been possible without the support of the BKS | Bundesvereinigung Kreditankauf und Servicing e.V. and the BDIU | Bundesverband Deutscher Inkasso-Unternehmen e.V., who, in addition to representing our interests in the legislative process, have accompanied us through the authorisation process with a variety of helpful tips and exchange formats, for which we are very grateful. We would also like to thank our Lowell colleagues for their tireless efforts in the process. #Lowell #creditmanagement  #kreditzweitmarktgesetz BKS: https://lnkd.in/ddu2gFQf BDIU: https://lnkd.in/d_5nmFiU

Last week Olympic fever spread around Lowell as we completed our Pedal to Paris fundraiser! 🚵♀️🥇 Colleagues cycled the distance from our Leeds office to the Eiffel Tower to raise money for our charity partners MyBnk and Turning Lives Around (TLA). To bring out some competitive spirit, we also hosted some ‘Olympic Pursuit Challenges’ with prizes up for grabs which meant we had some great fancy dress on show. It’s just one of the activities that we’ve got planned as part of our summer of sport ☀

We’re really proud to have supported The Centre for Social Justice on such an important report. As part of our mission to make credit work better for all we have been strong supporters of their debt unit for many years. During that time, we’ve seen first-hand how damaging council tax debt can be for people in vulnerable situations. We welcome the CSJ’s decision to focus on these issues in their new report. We strongly support their calls to: - Put the enforcement conduct board on a statutory footing - Amend the legislation around council tax to ensure better treatment for people in debt - Stop using enforcement agents for people with a council tax reduction Council tax debt can be a minefield, but higher standards and fairer collection could make a world of difference. To find out more about Lowell’s policy asks for the new Government click the link https://lnkd.in/eiXdcmE8 #fairerdebtfairersociety #problemdebt #financialvulnerability

We are delighted to share the news that Lowell has successfully sold a selection of portfolios in Germany to an investment vehicle funded by Hoist Finance AB (publ) Deutschland, further strengthening the strategic relationship between the two companies. The transaction allows Lowell to focus on a servicing-led offering in the region and accelerates the release of value from these assets. Lowell Germany will remain the servicer of the portfolios so we will continue engaging with our customers to create personalised solutions that give them positive control of their debt management. We would like to thank everyone involved in achieving this deal. Special thanks go to the core Lowell team in Essen and Leeds that have supported this transaction throughout, as well as the team at Hoist Finance AB (publ) Deutschland.

Fantastic debate hosted by Lowell's RISE Gender Network this morning, asking the question can women really have it all? Some of our female leaders gave their thoughts, experiences, and strategies on navigating the complex intersection of work and life. We heard lots of varied opinions in the room, which proved to be a great debate. Would love to hear your thoughts in the comments! Lynne Cook PG Dip IDM Helen Field-Andrews Sara Coulson Lindsey Barszczak Int.Dip (GRC) Fiona Barker

Fantastic debate hosted by Lowell's RISE Gender Network this morning, asking the question can women really have it all? Some of our female leaders gave their thoughts, experiences, and strategies on navigating the complex intersection of work and life. We heard lots of varied opinions in the room, which proved to be a great debate. Would love to hear your thoughts in the comments! Lynne Cook PG Dip IDM Helen Field-Andrews Sara Coulson Lindsey Barszczak Int.Dip (GRC) Fiona Barker

Read & subscribe to Lowell's Debt Download, our brand-new LinkedIn Newsletter. It's our News and Views on the UK debt sector. #lowell #debt #credit