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DCA's accepting an offer
robt_2
Posts: 3,401
Forumite
In peoples experience what kind of offer to DCA's accept as a final offer, if at all?
Any rules of thumb, for example a percentage of what is owed?
How would you go about it - get a letter from them confirming it etc?
Any rules of thumb, for example a percentage of what is owed?
How would you go about it - get a letter from them confirming it etc?
0
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In peoples experience what kind of offer to DCA's accept as a final offer, if at all?
Any rules of thumb, for example a percentage of what is owed?
How would you go about it - get a letter from them confirming it etc?
In my experience most are willing to accept 75% minimum to write a debt off as a full and final settlement but I have read many threads from those who are much better at haggling than I am and they have managed to get much better settlement figures than I was ever brave enough to ask for.Debt August 2007 - £38,204.58 - Completely Debt Free - May 2008 - Now Proudly Saving.
DFW Nerd Number 684 - Proud To Have Dealt With My Debts:heartpuls Very Proud Aunty Ciara :heartpuls0 -
In peoples experience what kind of offer to DCA's accept as a final offer, if at all?
Any rules of thumb, for example a percentage of what is owed?
How would you go about it - get a letter from them confirming it etc?
You must get a letter from them confirming the offer of a FULL & FINAL SETTLEMENT. Nothing else will do.
In addition you must also get agreement that your Credit Reference Files will be marked to indicate that the debt/account is SATISFIED with a £0 remaining balance.
There is info about making Full & Final Settlements here:
http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offersFree/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0
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