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DRO Revoked & wondering if Full & Final is an option
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# 1
lianse
Old 23-02-2013, 4:25 PM
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Join Date: Sep 2012
Location: Hertfordshire
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Default DRO Revoked & wondering if Full & Final is an option

Long story short, had a DRO, which is now revoked due to receiving a PPI refund. I owe 4k on a credit card which is what the DRO was for but obviously am now left with the debt again. I have 1200 I can use towards the debt. Can I offer it to the bank as a full and final payment to settle the debt or does the debt have to be passed on to a debt collector first?
If I can make an offer to the bank, how do i go about doing it?
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# 2
fatbelly
Old 23-02-2013, 6:50 PM
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Shame. You could have let the morotorium period expire and then reclaim ppi.

Wait until the creditor (or their agent or whoever they sold the debt to) contacts you.

Then consider an offer using this factsheet

Factsheet | Full & Final Settlement offers

Keep your money somewhere safe till then - maybe an ISA if you can get one.
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# 3
lianse
Old 24-02-2013, 9:43 PM
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Thank you for the advice
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