Advice please.

DanielD2008

I've came into a wee bit of money and can pay my balance in full(now £500).

My credit rating is bad due to defaults etc.When I called Barclaycard they told me it was policy to accept no less than 90% of the balance as a full and final settlement.

Would I be best to just pay the £500,or as my credit rating is poor anyway just pay the 90% which will save me £50 ?

Thanks

jenchin66

Personally I would pay the full amount to try and help your credit rating.

DanielD2008

Thanks for replying.

I'd like to pay full as it just makes it easier,but the £50 would come in handy for Christmas and i'd like the account closed as soon as possible.

Anyone got any other thoughts ?

Pippad

I too would pay the full amount, yeah sure the £50 might have come in handy over Christmas but you weren't expecting the money so you won't miss it!

misspoppy

I'd pay the 90% as its a full and final settlement shown on your file so its not going to make a difference to your rating why pay more than you have to

mummum2

misspoppy wrote: »

I'd pay the 90% as its a full and final settlement shown on your file so its not going to make a difference to your rating why pay more than you have to

Ditto! then you're free! :T

AMBERSHADOW

I would pay 90% TOO I wouldn't give them more than I have too either they take enough from us as it is