Full and final settlement help thread

hoverFrog1

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.

Halfwaythere

hoverFrog1 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 

selinek

Halfwaythere said:

hoverFrog1 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! 

Halfwaythere

selinek said:

Halfwaythere said:

hoverFrog1 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 

selinek

Halfwaythere said:

selinek said:

Halfwaythere said:

hoverFrog1 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. 

Halfwaythere

Good to know thank you 

[Deleted User]

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!

kelslayer

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.

DrWatson1

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.  

leighjones123

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!