DRO Revoked & wondering if Full & Final is an option

lianse_2 · 23 February 2013 at 5:25PM

Long story short, had a DRO, which is now revoked due to receiving a PPI refund. I owe 4k on a credit card which is what the DRO was for but obviously am now left with the debt again. I have £1200 I can use towards the debt. Can I offer it to the bank as a full and final payment to settle the debt or does the debt have to be passed on to a debt collector first?
If I can make an offer to the bank, how do i go about doing it?

fatbelly · 23 February 2013 at 7:50PM

Shame. You could have let the morotorium period expire and then reclaim ppi.

Wait until the creditor (or their agent or whoever they sold the debt to) contacts you.

Then consider an offer using this factsheet

Factsheet | Full & Final Settlement offers

Keep your money somewhere safe till then - maybe an ISA if you can get one.

lianse_2 · 24 February 2013 at 10:43PM

Thank you for the advice

DRO Revoked & wondering if Full & Final is an option

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