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A Better Life
monkeyhanger99
Posts: 10 Forumite
Right I have aquired/inhertited the funds to pay my debts in full. I have just over 26k to clear debts of £23k. Now how do i go about paying them back.
Do I just ring them a pay over the phone or
Write them a letter saying I can pay them back in full
or even offer them a F&F settlement and try and talk them down to say 75% on the condition that the debt will be settled and noted on my credit file with no further action will be taken to recover the remaining debt, this will have to be done by writtern letters of course.
Glad of anyone's help.
Regards
Sorry if it's in wrong thread
Do I just ring them a pay over the phone or
Write them a letter saying I can pay them back in full
or even offer them a F&F settlement and try and talk them down to say 75% on the condition that the debt will be settled and noted on my credit file with no further action will be taken to recover the remaining debt, this will have to be done by writtern letters of course.
Glad of anyone's help.
Regards
Sorry if it's in wrong thread
0
Comments
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It would be worth trying to negotiate reduced full and final settlements. Do it in writing and start off low. Stapeley has given advice on this before, so it might be worth trying to pm them.
Good luckLightbulb moment Feb 2008. Total debt [strike]£70214.18[/strike] £63108.51 :eek: Priority 'eek' debts [strike]£27035.64[/strike] £24480.12:mad:Proud to be dealing with my debts - official DFW Nerd 906. Longhauler DFW No 108. Sealed Pot Challenge: No 220. £7142.92/£20000 (35.7%)0 -
I hate to sound harsh, but if you have the money to repay your debts in full surely you are at the very least morally obliged to do so. Why should those to whom you owe money to provide you with a discount?0
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Seconded to kipperman - only I dont "hate to sound harsh". A debt is a debt is an obligation.0
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