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Settlement
davels
Posts: 109 Forumite
Hi
I've got debts of about £25k excluding about £4k left on HP for my car...
I'm with payplan. I've got a relative who has come into a bit of money - and I suspect he may soon share some.
Now... out of interest... I'm with PayPlan and making my payments of less than £500 per month at the moment - what is a fair amount to offer my creditors for full & final settlement? Would it really matter if I got a partial settlement offer in return from them - seeing as my credit rating is defunct from defaults anyway. I guess I'm looking at percentage terms - would 50% be fair or would they be likely to accept less? Only 1 of my creditors has passed it onto a debt collector - and I know these are a lot easier to negotiate settlements with.
Would be interested to hear what you think
Thanks all
-dls-
I've got debts of about £25k excluding about £4k left on HP for my car...
I'm with payplan. I've got a relative who has come into a bit of money - and I suspect he may soon share some.
Now... out of interest... I'm with PayPlan and making my payments of less than £500 per month at the moment - what is a fair amount to offer my creditors for full & final settlement? Would it really matter if I got a partial settlement offer in return from them - seeing as my credit rating is defunct from defaults anyway. I guess I'm looking at percentage terms - would 50% be fair or would they be likely to accept less? Only 1 of my creditors has passed it onto a debt collector - and I know these are a lot easier to negotiate settlements with.
Would be interested to hear what you think
Thanks all
-dls-
Only Irish coffee provides in a single glass all four essential food groups: alcohol, caffeine, sugar, and fat.
:coffee:
:coffee:
0
Comments
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ther's some good advice on the national debtiline website on this. you need to know how much you've got as in free money to pay them off ..pay of the highest interest ones first.Lightbulb Moment - March 2004
Highest Debt: £16,896.00 :mad:
:rotfl: Debt Free Date 25th July 2007 !!
:j and still DEBT FREE0
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