Full And Final Settlement question.
OwtForNowt
Posts: 1,685 Forumite
Hi guys.
I recently offered a full and final settlement for an account. Today I received a reply that says:
I just wanted to double check with you knowledge people that this is ok to proceed with? It's just that they don't mention "full and final settlement" so I'm a bit 😐
Thanks guys.
I recently offered a full and final settlement for an account. Today I received a reply that says:
Further to your recent communication we write to confirm that upon receipt of your partial settlement of £300 the remaining balance of your account will be closed on our system. Neither we nor our client or any other third party will make further contact with you to recover the unpaid balance.
Upon receipt of your payment, we will inform our client of this settlement so they can update the various credit reference agencies and mark the account as satisfied by partial settlement.
I just wanted to double check with you knowledge people that this is ok to proceed with? It's just that they don't mention "full and final settlement" so I'm a bit 😐
Thanks guys.
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam
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OwtForNowt wrote: »Hi guys.
I recently offered a full and final settlement for an account. Today I received a reply that says:
I just wanted to double check with you knowledge people that this is ok to proceed with? It's just that they don't mention "full and final settlement" so I'm a bit 😐
Thanks guys.
That is fine yes.
The important bits have been covered.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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