F and F offers - partial settlement?

silou

Hi all,
Could do with some advice please. I am in the process of trying to negotiate full and final settlements with my creditors (with varying degrees of success). One of them has agreed to accept 50% (and only after a lot of negotiation!) but they are saying that my credit record will be marked as partially settled, when I said no I want it marked as settled in full I was told that it's normal for them to mark as partially settled and it would only ever be marked settled in full if it was paid off in full. But that it will show with a 0 balance. Does this sound right?
Obviously I don't want them to come back at me for the outstanding 50% at any point nor do I want it to stay on my credit file for evermore looking like it was never fully sorted out. Though I should say that my credit record is shot anyway so it may not make a huge difference.
They are going to put what they've said in writing to me.
Any advice gratefully received.
Thanks.

GeorgeUK

This is pretty standard.
The partial settlement on the credit file is not the same as agreeing a partial settlement with the creditor - if you did this then you could be pursued for the remainder of the debt.

As long as you get written confirmation that they agree that this is a "full and final" settlement and that you are realeased from any further liability, then it should be okay.

silou

Thanks for that, wasn't sure whether that was normal or not and didn't want to agree anything without being sure.
Thanks again.