Success stories with full and final settlements!

Suze4Dan2007

Please post your success stories with full and final settlement offers to creditors.

I havent had one yet. I was offered a full and final settlement over the phone from Moorcroft debt recovery the dca for my Littlewoods debt. They offered me a full and final settlement figure of 560 pounds for a debt that was 680 pounds. I refused at the time as i didnt have that sort of money avaiable.

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moneyspender1981

I have had a fe over the years... to be honest would never have been able to get close to finishing them all off without doing it.

Had one for 2k - that accepted 1k
RBS accepted 4.3k on a 8k debt

have sent a few offer letters out for my final £1400.00 debt so see what comes back. Some will accept 50% some will accept 70% guess you have to try.

mcjordi

had one from Lowell for my kays account after asking for cca which they couldnt produce

for £84 on a £300 debt

caleo

:eek: I have just received one in the post.... Balance £14078.......Pay 26% one pament of £3726 OR 3 instalments of £1242 OR 6 instalments of £621, and they will consider my account settled in full!!!!

Unfortunately I am not in a position to take them up on this offer, but 26% is a great settlement figure. Hopefully the chance will come up again when I am in a better finacial position!!

They have also stated that if I can increase my monthly instalment, they will be able to reduce my balance by making further payment(s) to my debt as a gesture of goodwill!!

jimmer1980

caleo wrote: »

:eek: I have just received one in the post.... Balance £14078.......Pay 26% one pament of £3726 OR 3 instalments of £1242 OR 6 instalments of £621, and they will consider my account settled in full!!!!

Unfortunately I am not in a position to take them up on this offer, but 26% is a great settlement figure. Hopefully the chance will come up again when I am in a better finacial position!!

They have also stated that if I can increase my monthly instalment, they will be able to reduce my balance by making further payment(s) to my debt as a gesture of goodwill!!

Who gave you that offer? They must be pretty desparate

Broken_hearted

Natwest took one third F&F years ago.
Liverpool Victoria took 18% but that was because they mis sold the insurance and we fought 8 years refusing to pay anything more than the minimum token payment.
Crapquest 80% we just wanted rid of them.

mcjordi

it will do caleo

caleo

jimmer1980 wrote: »

Who gave you that offer? They must be pretty desparate

Lloyds TSB

caleo

mcjordi wrote: »

it will do caleo

Fingers crossed!

Suze4Dan2007

anymore success stories....

keep them coming in =]

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