We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Anyone had any luck doing F&F with Moorcroft?
SuzySu
Posts: 3,478 Forumite
As the title says, I am looking for some advice about dealing with Moorcroft, particularly F&F advice. I have done a search on here and 99% of the posts seem to be slating them and their tactics.
Can I call them to discuss F&F settlement, or is this to be done by letter only? Will they even entertain the idea? Not really sure what to do for the best. The debt is for £1222 (sold to them by First Direct). I really don't want to be getting nuisance calls from them so I will withhold my number if I do call them.
For the record, I am not disputing the debt.
Thanks
Can I call them to discuss F&F settlement, or is this to be done by letter only? Will they even entertain the idea? Not really sure what to do for the best. The debt is for £1222 (sold to them by First Direct). I really don't want to be getting nuisance calls from them so I will withhold my number if I do call them.
For the record, I am not disputing the debt.
Thanks
YOUR = belonging to you (your coat); YOU'RE = you are (I hope you're ok)
really....it's not hard to understand :T
really....it's not hard to understand :T
0
Comments
-
DONT speak to them on the phone they are bullies.Do all communications in writing.As the title says, I am looking for some advice about dealing with Moorcroft, particularly F&F advice. I have done a search on here and 99% of the posts seem to be slating them and their tactics.
Can I call them to discuss F&F settlement, or is this to be done by letter only? Will they even entertain the idea? Not really sure what to do for the best. The debt is for £1222 (sold to them by First Direct). I really don't want to be getting nuisance calls from them so I will withhold my number if I do call them.
For the record, I am not disputing the debt.
Thanks
There is a template letter for f+f on this website /www.nationaldebtline.co.uk
I would start low maybee 10% it will give you more room to negotiate.
Also have you requested a cca from them if they cannot produce one it will give you more bargaining power
good luck0 -
Are you sure Moorcroft own this debt or are they just collecting on behalf of someone?0
-
The debt was passed firstly to Metropolitan then sold on to Moorcroft. On advice from 10past6 I am going to write offering F&F at 30%(ish). I think 10% is taking the p***. I am all for trying to negotiate but starting as low as 10% would mean too many letters back and forth trying to come to a satisfactory conclusion.YOUR = belonging to you (your coat); YOU'RE = you are (I hope you're ok)
really....it's not hard to understand :T0 -
I agree, you need to draw them in to thinking you're serious.I think 10% is taking the p***
30% is a good starting point.Click here for Martins (MSE) advice on who to contact with Debt Issues - YOU HAVE NO REASON TO USE A FEE PAYING DEBT MANAGEMENT COMPANY- THEY CANNOT DO ANYMORE FOR YOU THAN THOSE LISTED IN MY LINK ABOVE.
All information given by myself is offered informally and without prejudice - if in doubt seek help from a qualified and insured professional0 -
Thanks 10past6.....it's down to your advice that I'm doing this in the first place!! As said before - thanks for your help!!YOUR = belonging to you (your coat); YOU'RE = you are (I hope you're ok)
really....it's not hard to understand :T0 -
Ok, so today I received a reply from Moorcroft...."we will accept £1038.91 as partial settlement ....... and the remaining balance will not be pursued by ourselves"!!
Big fat hairy deal.....a measley £183.09 off the total.
Should I offer again, upping my original offer by £25 or don't I stand a chance?YOUR = belonging to you (your coat); YOU'RE = you are (I hope you're ok)
really....it's not hard to understand :T0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards