Full & final advice please
ferry
Posts: 2,008 Forumite
Hi we have been fortunate to have been offered some money by my in laws to help us clear our debt. Theres not enough to clear everything but would like to offer one of our main defaulted accounts a final offer
In terms of where the funds came from will we need to divulge the source and will in laws be contacted at any point to confirm?
Also can anyone please help with how the f&f process works
thanks as usual
In terms of where the funds came from will we need to divulge the source and will in laws be contacted at any point to confirm?
Also can anyone please help with how the f&f process works
thanks as usual
:j
0
Comments
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There is lots of really great information based on cases similar to yours in this thread:
http://forums.moneysavingexpert.com/showthread.php?t=115430&page=62&highlight=settlement
Good luck!0 -
Ferry you don't have to disclose anything to anyone.
In your letter, just state the funds are "a gift from a family member".
That's all you need to say.
Make your offers in writing using the National Debtline template letter.
Also do not part with any money, under any circumstances, until you have it in writing the account is settled, and any remaining balance will not be chased.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
sourcrates wrote: »Ferry you don't have to disclose anything to anyone.
In your letter, just state the funds are "a gift from a family member".
That's all you need to say.
Make your offers in writing using the National Debtline template letter.
Also do not part with any money, under any circumstances, until you have it in writing the account is settled, and any remaining balance will not be chased.
Brilliant advice as usual, thank you:j0 -
Just wanted to clarify if deals are done via email is that an acceptable form of communication?
Or will an officially signed letter be best?
thanks:j0 -
Just wanted to clarify if deals are done via email is that an acceptable form of communication?
Or will an officially signed letter be best?
thanks
Best to keep everything in writing.
Emails are ok, but sometimes get deleted, or not read.
Best to do everything in writing so you have a record.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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