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  • FIRST POST
    • ferry
    • By ferry 14th Oct 16, 2:06 PM
    • 1,551Posts
    • 242Thanks
    ferry
    Full & final advice please
    • #1
    • 14th Oct 16, 2:06 PM
    Full & final advice please 14th Oct 16 at 2:06 PM
    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
    Everything takes me 3 hours to post cos I'm using a BlackBerry Playbook
Page 1
    • DrWatson1
    • By DrWatson1 14th Oct 16, 3:06 PM
    • 85 Posts
    • 53 Thanks
    DrWatson1
    • #2
    • 14th Oct 16, 3:06 PM
    • #2
    • 14th Oct 16, 3:06 PM
    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=settleme nt

    Good luck!
    • sourcrates
    • By sourcrates 14th Oct 16, 3:24 PM
    • 9,517 Posts
    • 9,334 Thanks
    sourcrates
    • #3
    • 14th Oct 16, 3:24 PM
    • #3
    • 14th Oct 16, 3:24 PM
    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 Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact : Stepchange, National Debtline, or, CAB.
    • ferry
    • By ferry 14th Oct 16, 7:54 PM
    • 1,551 Posts
    • 242 Thanks
    ferry
    • #4
    • 14th Oct 16, 7:54 PM
    • #4
    • 14th Oct 16, 7:54 PM
    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.
    Originally posted by sourcrates
    Brilliant advice as usual, thank you
    Everything takes me 3 hours to post cos I'm using a BlackBerry Playbook
    • ferry
    • By ferry 16th Oct 16, 12:20 PM
    • 1,551 Posts
    • 242 Thanks
    ferry
    • #5
    • 16th Oct 16, 12:20 PM
    • #5
    • 16th Oct 16, 12:20 PM
    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
    Everything takes me 3 hours to post cos I'm using a BlackBerry Playbook
    • sourcrates
    • By sourcrates 16th Oct 16, 12:29 PM
    • 9,517 Posts
    • 9,334 Thanks
    sourcrates
    • #6
    • 16th Oct 16, 12:29 PM
    • #6
    • 16th Oct 16, 12:29 PM
    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
    Originally posted by ferry
    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 Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact : Stepchange, National Debtline, or, CAB.
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