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newbie requires help and advice about full and final settlement offers
pvfc
Posts: 7 Forumite
hi all,basically we have two loans one with A+L and the other with lloyds.
A+L LOAN IS ABOUT 5K
LLOYDS ABOUT 1300
my wife is about to be made redundant and will get approx 3.5k pay off would a offer to a+l of say 2.5k be accepted or considered if we ring them to explain that when my wife finishes work we will NOT be able to meet the monthly repayments?and also the same with the lloyds bebt if we offered 50% as a full and final?
thanks for your help
A+L LOAN IS ABOUT 5K
LLOYDS ABOUT 1300
my wife is about to be made redundant and will get approx 3.5k pay off would a offer to a+l of say 2.5k be accepted or considered if we ring them to explain that when my wife finishes work we will NOT be able to meet the monthly repayments?and also the same with the lloyds bebt if we offered 50% as a full and final?
thanks for your help
0
Comments
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anyone? help on this0
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anyone at all0
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Hi mate,
I dont know if thay would accept your offer but its always worth a try.
I know that in the past i offerd 70% of what i owd on a loan. 2 years before the loan was up and thay said yes. As when you pay off a oan early thay have to take the intrest off the final bal of what you would have paid if the loan went full tearm.
Have a try mate and let us know haow you get on
Best of luck:beer::jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j0
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