F&F accepted I think - wording advice
LL30
Posts: 729 Forumite
Evening,
Back once again for some advice on behalf of a client (same one you helped with last time, a SB letter was suggested, and it worked, so thanks!). Offer has been made, and accepted using NDL F&F letter. Just wondering if you could check the wording of the letter received to confirm if this is watertight or not? The creditor has used the term 'partial settlement' not F&F so it's made me unsure:
'We write regarding the above account and further to your letter in which you made an offer of [X] as a partial settlement...blah blah blah about how good their customer service is blah blah...
We are willing to accept your offer of [X] partial settlement. Please confirm when you would like to pay this amount.
Please note that if this appears on your credit file it will updated to partially satisfied, however the outstanding balance will show as zero and you will not be pursued for any remainder of the balance....blah blah blah abouthow this may be viewed by other creditors and details on how to get in touch with them'
It's not on their credit file any more and the settlement is a 1/3rd of the total amount owing.
Is their wording watertight enough? If not, how to proceed? If it is acceptable, is it advisable to write a covering letter when posting the cheque reiterating that this is a full and final?
TIA once again
Back once again for some advice on behalf of a client (same one you helped with last time, a SB letter was suggested, and it worked, so thanks!). Offer has been made, and accepted using NDL F&F letter. Just wondering if you could check the wording of the letter received to confirm if this is watertight or not? The creditor has used the term 'partial settlement' not F&F so it's made me unsure:
'We write regarding the above account and further to your letter in which you made an offer of [X] as a partial settlement...blah blah blah about how good their customer service is blah blah...
We are willing to accept your offer of [X] partial settlement. Please confirm when you would like to pay this amount.
Please note that if this appears on your credit file it will updated to partially satisfied, however the outstanding balance will show as zero and you will not be pursued for any remainder of the balance....blah blah blah abouthow this may be viewed by other creditors and details on how to get in touch with them'
It's not on their credit file any more and the settlement is a 1/3rd of the total amount owing.
Is their wording watertight enough? If not, how to proceed? If it is acceptable, is it advisable to write a covering letter when posting the cheque reiterating that this is a full and final?
TIA once again
0
Comments
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Hi,
Yes that's fine, you are partially settling the account, the wording is correct.
They also confirm you will not be chased for the remainder, another base covered.
It's all good.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 -
Bless you, thanks once again0
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