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Full & Final Settlement offered - typo on agreement letter
Miss_Bibble
Posts: 14 Forumite
Hi All - I posted last year about debt issues my mother was having. Since then she's made some great progress and wrote to her main creditor, HSBC, offering a full and final settlement offer.
She offered £28,170 which was around 75% of the total debt to them. They've written back accepting her offer of £2,817.00 - obviously a typo! Cheeky question now - does she send a cheque and a thank you letter for £2.817 ?!
She offered £28,170 which was around 75% of the total debt to them. They've written back accepting her offer of £2,817.00 - obviously a typo! Cheeky question now - does she send a cheque and a thank you letter for £2.817 ?!
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Comments
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Miss_Bibble wrote: »They've written back accepting her offer of £2,817.00 - obviously a typo! Cheeky question now - does she send a cheque and a thank you letter for £2.817 ?!
If it says that they will accept 'her offer of £2,817.00 in full and final settlement, why not?
No need to include a 'Thank you' letter. :rotfl: :rotfl:I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
If it says that they will accept 'her offer of £2,817.00 in full and final settlement, why not?
No need to include a 'Thank you' letter. :rotfl: :rotfl:
Well, she just spoke to her new personal banker (at a nice bank, and naming no names!) who basically said, off the record, "You have nothing to lose by trying!"
Would be really interested to hear other people's views or experiences though..?0 -
Miss_Bibble wrote: »Well, she just spoke to her new personal banker (at a nice bank, and naming no names!) who basically said, off the record, "You have nothing to lose by trying!"
My sentiments entirely, Mrs. B.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
I would give it a shot and see what happens!:j Proud mum to Jade age 10 years and Baby Ellie born Christmas Day:eek: with a broke heart
Proven to be a little fighter and battling on with her heart condition :j
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you definately send a cheque for that amount, they have accepted in writing that amount and now they are legally bound to accept it - any court would side with you.:j lucky you0
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Send them the cheque for that amount you have it in writing they will accept that figure so if they were to legally challenge it the judge would say it was their own fault they will just have to write the rest off. Tell your mother to go on holiday with the money she has saved.0
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Wow definatley send the cheque and just sit and wait.Could you please update this thread with what happens also.Life is short, smile while you still have teeth
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Ooh I don't know......
One hand is saying yes the other is saying No.
She is already getting a good deal by having the amount reduced by 25%, to only pay 7% when you know that was not agreed is wrong.0 -
Try it, doubt it will work but nothing to lose!0
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Maybe send a copy of the letter with the cheque for the lower amount, and your own letter saying cheque for X amount settlement of X account as per attached letter? Think thats what i would do in that situation, just to make sure it got credited to the right account of course
No harm trying if thats what theyve wrote to her saying they will accept, and obviously as she offered the larger amount to settle she will still have that as a backup in case they come back saying it was wrong, dont know what would happen if they did that once cashing the cheque for the lower amount tho
I would just keep the rest of the money safe until i had confirmation that the account was cleared0
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