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BASSETT · 14-11-2009, 10:46 AM

Have £308 balance on Capital One card, original balance was £200, the rest is charges, which is now in hands of DCA, which is Credit Solutions Ltd.
Sent off letter of offer for 50% and received letter today, saying my offer is unacceptable and does not fall within the guidelines of Capital One and I should reconsider my situation and then contact them.
What shall I send next?

imindebttoo · 14-11-2009, 11:47 AM

Hi BASSETT

I presume this was a full and final offer that you made?

If so, and 50% is all you can afford to pay them - then I'd simply continue to make token payments that you can afford each month.

It maybe that if you write to them explaining that your circumstances only allow you to continue making small token payments - you could ask them to reconsider your offer in light of this information.

IIDT

fatbelly · 14-11-2009, 12:23 PM

Yep, keep making the offer, every couple of months & make token payments in the meantime.

50% is more than they would get by selling the debt to a DCA.

I take it you offered 50% of £308 but even £100 is a reasonable starting point on this debt.

You could also ask for their 'guidelines' in writing. I don't think they exist. If you do get anything back, tell us what it says.

rog2 · 14-11-2009, 12:29 PM

Just make sure that you confirm that the offer is to be made 'In full and Final Settlement' of the debt and that it will not be paid until they confirm their acceptance, in writing, that it will, indeed, be accepted in FULL AND FINAL SETTLEMENT (accept no other wording). Read the following National Debtline link:

http://www.nationaldebtline.co.uk/en...tlement_offers

cheryl champion · 14-11-2009, 6:15 PM

Hi i hope you can help!
Im trying to get my debt with cap 1 deemed as unenforceable via a solicitor which monster claims linked me up with in March 2009 for a fee!
It is about to go to court, but my friend told me about this thread and that i can expect them to put a default on my account, what a nightmare, so im unsure as to wether to continue with this process or not.

Solicitor said it shouldn,t happen but it look like it is, also bamks are taking cases to the high court now so that can drag times out much longer so the risk mite be that im oaying minimum for years to come and would,ve owed more than i did, it,s so complex the devils in the detail!!!

Also if i go ahead with it can they sell my debt onto a third party and harras me then?
I look forward to you views. ta Cheryl

DarkConvict · 14-11-2009, 9:01 PM

cheryl champion you should start a new topic, than post in this one. Nonetheless if a CCA is unenforceable which you could have checked yourself for just £1, then if you raise the account in dispute they are not allowed to place a default, and if they do you can petition to have it removed. - Useful topic on CCAs here - http://forums.moneysavingexpert.com/...html?t=2078599