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Had an Offer from Bank - Advice Needed Please
Barney_McGrew
Posts: 851 Forumite
Hi, will give you a quick run down of my situation and any advice offered is much appreciated.
To begin with i am in the process of trying to set up a Debt Management Plan with CCCS and one of my creditors is Abbey whom i owe £7243 on a loan. Anyway, I have also been pressing Abbey for £2365 charges they have placed on my current account over last few years. Today i recieved an offer from them for £592.97 of which £104.15 will be paid to my current account and £488.82 paid by cheque to their Collections and Recovery to cover the arrears on my loan.
Should i be happy with this offer or should i pursue them for more? Any other advice or opinions welcome.
To begin with i am in the process of trying to set up a Debt Management Plan with CCCS and one of my creditors is Abbey whom i owe £7243 on a loan. Anyway, I have also been pressing Abbey for £2365 charges they have placed on my current account over last few years. Today i recieved an offer from them for £592.97 of which £104.15 will be paid to my current account and £488.82 paid by cheque to their Collections and Recovery to cover the arrears on my loan.
Should i be happy with this offer or should i pursue them for more? Any other advice or opinions welcome.
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Comments
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Barney_McGrew wrote: »Hi, will give you a quick run down of my situation and any advice offered is much appreciated.
To begin with i am in the process of trying to set up a Debt Management Plan with CCCS and one of my creditors is Abbey whom i owe £7243 on a loan. Anyway, I have also been pressing Abbey for £2365 charges they have placed on my current account over last few years. Today i recieved an offer from them for £592.97 of which £104.15 will be paid to my current account and £488.82 paid by cheque to their Collections and Recovery to cover the arrears on my loan.
Should i be happy with this offer or should i pursue them for more? Any other advice or opinions welcome.
Have you got priority debt arrears(mortgage/rent, council tax, utilities)?0 -
natweststaffmember wrote: »Have you got priority debt arrears(mortgage/rent, council tax, utilities)?
I have got arrears on my mortgage but have a payment plan in place that will have them cleared 9 months from now.
The cheque has now been paid to my loan account and outstanding balance has now been adjusted accordingly.0 -
So the mortgage arrears are being cleared slowly but surely?Barney_McGrew wrote: »I have got arrears on my mortgage but have a payment plan in place that will have them cleared 9 months from now.
The cheque has now been paid to my loan account and outstanding balance has now been adjusted accordingly.0 -
natweststaffmember wrote: »So the mortgage arrears are being cleared slowly but surely?
Yep, arrears should be paid off come next March.0 -
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