Full and final settlement help thread
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tigergambit said:Chased Tesco up on their lack of response to my F&F 4 months previously: "Oh dear, that is very unusual, I will get it prioritised".
Week later no response so I try again: "We wrote to Payplan the day after your last call offering to settle at 60%"
Payplan hadn't been involved so I asked why they had done that.No explanation and I requested a copy of their letter which has not been forthcoming. Payplan now pushing hard for me to have a F&F IVA. I have never heard of this and shouldn't I wait for responses on CCA requests from July anyway?
Think I will go self managed - I don't like Payplan pressing me to do an IVA which Tesco have already indicated they will shoot down and which involves creditors who haven't responded in over 5 months.
Some good news: New Day came up with a CCA and accepted an offer of 23% immediately, so £2310 written off there. Moorcroft and Capital Resolve asking for yet more details, PRA still currently unenforceable. Still no response from Ikano 6 months on.0 -
Sounds like Ikano aren't interested in getting their money back.0
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fatbelly said:Sounds like Ikano aren't interested in getting their money back.
They already defaulted it a year ago.1 -
Been following this thread for a few years now. Just want to thank all that have regularly commented.
I did make the mistake of not letting the defaults occur before starting the DMP, but I made sure the DMP was minimal payments. Therefore within 6 months, everything was defaulted. I’ve carried on with the minimum payments and have recently received my first full & final offer. 60% off so only need to pay 40%, seems rather low so will offer half that amount and see where we go from there.Any advice?0 -
Just to remember that if they make an offer, it's an opening offer, and you counter with a lower one.
I actually think it's better if you start the process0 -
Thanks Fatbelly, it might be time for me to consider offering some F&F’s to all my creditors. When countering their offer, should that be completed through email or phone. Knowing I need to have it in writing before I make any payment.0
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When it comes to negotiation it can be easier by phone provided you are confident about what you are doing.
As you say, get the final offer confirmed in writing0
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