Newbie F&F Advice Pls

Floating_2

Would the below letter be acceptable to send to them, I think I've covered all the points.

Many thanks

Dear Sir/Madam
Re: MasterCard xxxx xxxx xxxx xxxx
I write with reference to your letter dated 05th February 2009.
As these funds of £xxxx were offered to you in full and final settlement of the above account, I require from you confirmation in writing, that neither you nor any other company will pursue any further monies in regard to this account. Also that the account will be marked satisfied in full or as a partial settlement with a zero balance with the Credit Reference Bureau and the account will be closed.
No further payments will be made until I have your written confirmation of the above points.
Payment can be made within 14 days of receiving your written agreement of this and method of payment.
I look forward to receiving your reply.
Yours faithfully,

very_silly_and_scared

I would just write to them and include that paragraph of the national debtline letter again.

Don't forget to be sure it says 'without prejudice' at the top of the letter

Re-jig it a bit to say that further to their letter accepting short settlements of £xxx and £xxx on the accounts, you want them to confirm that this will constitute a...

'settlement of the account. This offer is made on the clear understanding that, if accepted, neither you or any associate company will take any other action to enforce or pursue this debt in any way whatsoever and that I will be released from any liability.'

I would also add...(CCCS advise this)

Please note that should this offer not be accepted and confirmed FULLY in writing, the lump sum will not be available.


I hope all that makes sense!

Floating_2

Ok here goes, how is the following?

Thanks again for all your help

WITHOUT PREJUDICE

Dear Sir/Madam
Re: MasterCard xxxx xxxx xxxx xxxx
I write with reference to your letter dated 05th February 2009 accepting the offer of £xxxx as a Partial Settlement of this account.
This offer is made on the clear understanding that, neither you nor any associate company will take any other action to enforce or pursue this debt in any way whatsoever and that I will be released from any liability.
I also request that you will mark any entry on a credit reference agency file relating to the above account as "satisfied" in full.
As advised by CCCS, no lump sum will be available until I have received your written confirmation of the above points.
Payment can be made within 14 days of receiving your written agreement of this and method of payment.
I look forward to receiving your reply.
Yours faithfully,

Floating_2

Hiya, just wondering if any of you have any suggestions for my letter above?

Many thanks

Floating_2

Just Bumping

Floating_2

Just a quick update: -

MBNA have written back to me for both accounts confirming that my offers have been accepted as partial settlements, and that neither they nor any other companies will persue the balances in the future and that my accounts will be closed. The accounts will be marked as a partial settlement with CRA's for 6 years, but I can live with that my rating is shot anyway!!

My relative has made the payments, so I have now updated my sig! :beer:

It is just such a relief to start seeing that balance coming down.

fatbelly

Excellent result.

Well done!

And thanks for posting the info.

suewiththeblues

well done. i have been going nowhere fast with mbna for months now trying to get them to clarify that no other DCA will chase me for the balance. am happy to accept the partial settlement bit but they just wont put in writing that the balance will be marked as 0.00 on my file either

Floating_2

Hi Everyone,

I have sucessfully managed to reclaim just under £9k PPI from HSBC and then made an offer to the advocate collecting for them of 80% as full and final settlement which they accepted, the settlement has been made. :eek:

I now owe a fraction of what I did this time last year and the majority of what is left is owed to a relative who is being very easy going about my repayments to her :heartsmil I intend to make regular payments to her, but she has said if I need some extra cash for Xmas and the likes I can miss a payment or two here and there. My friends who knew about my situation a year ago, all said things would come good but I just couldn't see how and yet practically overnight from getting the PPI back (well 8 days) and I feel like a different person. I just can't express my relief!!

A BIG thank you to everyone on here for all your advice, I couldn't have done it without you. xx :A :beer: