Full and final settlement help thread

scotnorma

Hi @natdebtline,

Thanks for your reply, it's what I thought the position was, just wanted to double check before I set myself up for a fall!

MSE Forums are an invaluable resource, I'd be lost without them!

Thanks again

pbsmiles

8 creditors 38k all phone calls
with what has been agreed
29k of this is paid off with 9k
leaving me just over 9k of debt.

I really feel like i am living the dream right now.

fatbelly

pbsmiles wrote: »

8 creditors 38k all phone calls
with what has been agreed
29k of this is paid off with 9k
leaving me just over 9k of debt.

I really feel like i am living the dream right now.

well done!

I hope you got everything confirmed in writing

pbsmiles

fatbelly wrote: »

well done!

I hope you got everything confirmed in writing

yes they are putting it in the post, i am shocked but in a happy place. thank you for this forum to give me the confidence to go at

[Deleted User]

pbsmiles wrote: »

8 creditors 38k all phone calls
with what has been agreed
29k of this is paid off with 9k
leaving me just over 9k of debt.

I really feel like i am living the dream right now.

Well done:T. You've every right to feel ecstatic:beer:

Please can I ask if these are old debts? Have you been making reasonable payments, token payments or no payments at all in recent months? I've dropped to token payments before making any offers so I can get a fighting fund together. I assume that the longer they have to receive very low payments they might be more willing to negotiate a killer deal;)

pbsmiles

carbootcrazy wrote: »

Well done:T. You've every right to feel ecstatic:beer:

Please can I ask if these are old debts? Have you been making reasonable payments, token payments or no payments at all in recent months? I've dropped to token payments before making any offers so I can get a fighting fund together. I assume that the longer they have to receive very low payments they might be more willing to negotiate a killer deal;)

Hello
I have been in a DMP with them since 2009 so old debt but I pay £110 a month over 8 creditors, the highest getting £24 and the lowest getting £5. Hope this helps

djewkes

pbsmiles wrote: »

8 creditors 38k all phone calls
with what has been agreed
29k of this is paid off with 9k
leaving me just over 9k of debt.

I really feel like i am living the dream right now.

I’m exactly the same, reduced a £35k debt to £8.5 with £8.6k.......feels such a load off my mind, and am still on cloud 9, still waiting to hear from Link financial........(£7k owed)....

pbsmiles

djewkes wrote: »

I’m exactly the same, reduced a £35k debt to £8.5 with £8.6k.......feels such a load off my mind, and am still on cloud 9, still waiting to hear from Link financial........(£7k owed)....

well done, its a great feeling!!:rotfl::rotfl::rotfl::rotfl:

DrWatson1

Congratulations to those making some great settlements! I had my own piece of good news today, with my smallest creditor, American Express, settling for 20% of £1154.

The only caveat is the letter they have sent. It doesn't say anything about not pursuing me for the remainder in future, or selling it to someone else, etc - does anyone have the correct wording for this, so I can get this in writing before making payment?

selinek

Hi. I have been reading people’s experiences and successes in getting on top of their debts. I didn’t even know what f&f meant or a CCA request until reading about them on here. Only if I’d known then what I’d know now.... oh well. Any way I have been on a DMP for 9 years with 2.5 years to go. Started with a debt of 58k now down to 8k (with a lot of sacrifices along the way ) give or take. I am looking to make F&F offers. I have sent off CCA requests to all the creditors. Had one reposponse from Idem (MBNA credit card). They are contacting the oc to locate agreement. They state they will continue to Persue the debt. Not a problem I’m not planning on ducking out of my debts. I was wondering if they can register a default or areas with the CRA as they say. This account has already defaulted and dropped off my credit file years ago.

I also wonder if the agreements come back as enforceable Can I still put in a F&F offer. Thanks in advance