Full and final settlement BLS , EQUIDEBT , CITI BANK

dirtycash_2

Hi, everyone
This is my first post iam looking into a full and final settlement and im looking for your help as to what kind of % i can get off my debts.

MY STORY
In Jan 2001 i went to Baines and Ernst (big mistake) and they set up a dmp for me i was with them until i saw the light and called all the companys my self in jan 2005 and started to pay the debts off my own back with the money i saved paying B & E i payed more off my debts.

what i want to do now is ask all the companys foe a full and final so can anyone tell me if they have dealt with the companys below and what full and final you got off and how easy/hard you found it.

I think i will start off at about 50% of the balances but might start at about 40%.

Please tell me how you got on with the companys below

company balance what i pay per month

BLS (Lloyds) loan £7476.31 £113.00
BLS (Lloyds) c. card £2223.93 £41.00
Citi Bank c.card £1163.20 £20.00
Equidebt (co.op) c.card £ 283.09 £8.00
Equidebt (co.op) loan £3827.37 £73.00


TOTAL DEBT £14,973.90 Total £255.00


Thanks, DIRTYCASH :beer:

Peachy_2

LLoyds are A*holes - so contact them directly - ask for head office and start talking turkey quick as they will register the bad debt and not budge an inch on it.

Not sure about the others I'm afraid, but do contact lloyds ASAP - as long as you negotiate and persist - you should get an arrangement...

P

Xbigman

I would give the opposite advice to peachy. If your debt has gone to debt collection agencies they are the best ones to deal with. The results vary widely even with the same company but if you have been in default for some time you should get a deal. You are right to start at 40% but 50% is the usual lowest amount they will accept. Expect to have to haggle a bit.

How are you going to raise the money for the !!!!!! offers? I would strongly suggest not borrowing it, especialy if interest is frozen on most of your debts. Also, they will want to know where the money is coming from and if you have it on hand they can get much tougher to deal with.
Regards



X

dirtycash_2

Thanks,Peachy and Xbigman.
The way i am raiseing the cash for the f and f is my g/f wants to move in with me and we want to buy the home im in ex council now houseing !!!!!! on the right to buy i moved in 13 years ago when it was new so im geting it for £62K which is a discount of £38K i have bn excepet with a morgage company with quite a good rate.

so to cut a long story short the g/f is going to pay off the dets for me and ill pay her bac in time cos the morgage split btw us and less the payment for my dets i can pay her back and be debt free exp the morgage.