Full and final settlement help thread

edited 30 November -1 at 1:00AM in Debt-Free Wannabe
2.9K replies 1.6M views
1273274276278279289

Replies

  • hoverFrog1hoverFrog1 Forumite
    7 Posts
    First Post
    I've had Intrum offer me 80% off a £1060.12 debt, which is nice. If I can find the money that would get be down from a £25k starting debt about 5 years ago to just over £7k.

    I just wanted to say that there is light at the end of the tunnel. I thought I would never be able to clear that £25k. It will still be years but it is starting to pick up. It will for you too.
  • HalfwaythereHalfwaythere Forumite
    87 Posts
    10 Posts First Anniversary Photogenic
    I've had Intrum offer me 80% off a £1060.12 debt, which is nice. If I can find the money that would get be down from a £25k starting debt about 5 years ago to just over £7k.

    I just wanted to say that there is light at the end of the tunnel. I thought I would never be able to clear that £25k. It will still be years but it is starting to pick up. It will for you too.
    80% woo that’s brillant, they won’t budge at 20% discount with me 
  • selinekselinek Forumite
    71 Posts
    Seventh Anniversary 10 Posts
    I've had Intrum offer me 80% off a £1060.12 debt, which is nice. If I can find the money that would get be down from a £25k starting debt about 5 years ago to just over £7k.

    I just wanted to say that there is light at the end of the tunnel. I thought I would never be able to clear that £25k. It will still be years but it is starting to pick up. It will for you too.
    80% woo that’s brillant, they won’t budge at 20% discount with me 
    Hang in there they were only offering me 20% too. Ignored offers until they recently come back with an 80% reduction! 
  • HalfwaythereHalfwaythere Forumite
    87 Posts
    10 Posts First Anniversary Photogenic
    selinek said:
    I've had Intrum offer me 80% off a £1060.12 debt, which is nice. If I can find the money that would get be down from a £25k starting debt about 5 years ago to just over £7k.

    I just wanted to say that there is light at the end of the tunnel. I thought I would never be able to clear that £25k. It will still be years but it is starting to pick up. It will for you too.
    80% woo that’s brillant, they won’t budge at 20% discount with me 
    Hang in there they were only offering me 20% too. Ignored offers until they recently come back with an 80% reduction! 
    Ah amazing ! Intrum? Can I ask the details of the debt like how much and how much you paying for how long etc? Thanks 
  • selinekselinek Forumite
    71 Posts
    Seventh Anniversary 10 Posts
    selinek said:
    I've had Intrum offer me 80% off a £1060.12 debt, which is nice. If I can find the money that would get be down from a £25k starting debt about 5 years ago to just over £7k.

    I just wanted to say that there is light at the end of the tunnel. I thought I would never be able to clear that £25k. It will still be years but it is starting to pick up. It will for you too.
    80% woo that’s brillant, they won’t budge at 20% discount with me 
    Hang in there they were only offering me 20% too. Ignored offers until they recently come back with an 80% reduction! 
    Ah amazing ! Intrum? Can I ask the details of the debt like how much and how much you paying for how long etc? Thanks 
    Sorry for late response I missed the notification. £1082. I have Not paid for 3 years. Had acct checked and it’s unenforceable. They have been sending offers for the past 18 months or so. 
  • HalfwaythereHalfwaythere Forumite
    87 Posts
    10 Posts First Anniversary Photogenic
    Good to know thank you 
  • LeeUKLeeUK Forumite
    7.4K Posts
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    ✭✭✭✭
    Ha ha Robinson Way refused my 50% full and final settlement offer but accepted my offer of £1 a month which will take 270 months to clear. What crazy times!


  • kelslayerkelslayer Forumite
    15 Posts
    10 Posts First Anniversary
    Quick question:
    If the default hasnt dropped off your credit file yet, do you still go in for F&F settlements? or do you wait until they have dropped off?  I have one due to drop off in December, its only a small one.  I could possible try to negotiate that one in the next month or so.
  • DrWatson1DrWatson1 Forumite
    127 Posts
    Fourth Anniversary 100 Posts
    Just go in now - I haven't noticed a big change in lenders attitude towards settlement since my defaults dropped off. I would guess 90%+ of customers on a DMP haven't a clue was a default is, and so lenders won't make any special provision for those that do.  
  • leighjones123leighjones123 Forumite
    21 Posts
    Part of the Furniture 10 Posts Combo Breaker
    Hi all :) Thanks so much for the help with this thread! I've sat and read through nearly all of the pages! 
    I've been on a DMP with SC since June 2013. I'm in the process of getting everything together and will be submitting F&F offers into my creditors. 
    Quick question.... 
    The vast majority of my accounts were registered with Default, and as such, have now fallen off my credit file (as the 6 years have passed). If I get F&F offers accepted, I know they update the credit file with 'Partially Settled' - but considering that these accounts no longer appear on my credit file, I guess that won't go against me? 

    Also, I've got one account that hasn't registered a default...  would the best thing to improve my credit score to pay this in full (if I can) so that the partially marker doesn't go against me for another 6 years? 

    Thanks!
Sign In or Register to comment.
Latest MSE News and Guides

Reclaim payday loans

Get £100s or £1,000s back for being mis-sold

MSE Guides

25% off Dyson eBay outlet

Selected items, via code

MSE Deals