What has been your best offer on Full Settlement % amount on Debt ???

MR_MAKAVELI

Hello all,

what is best Full Settlement % amount that any of you have been offered on a Debt between £8000 to £12000 ??

Have any of you ever been offered better than 50% ?? Say for instance have you ever been offered the chance to pay 25% or 30% of the amount & have the debt fully settled/cleared by doing so??

Cheers :beer:

fabforty

I have been offered a settlement figure of £748 on a debt of £3120 and also £2000 against a debt of £6700. In the latter case, they also offered to let me pay in 3 equal installments. I couldn't accept because I am under a dmp with CCCS, but as soon as I have saved enough to offere each of my creditors a FF settlement, I will be offering 25%.

pinkie_pie

fabforty wrote: »

I have been offered a settlement figure of £748 on a debt of £3120 and also £2000 against a debt of £6700. In the latter case, they also offered to let me pay in 3 equal installments. I couldn't accept because I am under a dmp with CCCS, but as soon as I have saved enough to offere each of my creditors a FF settlement, I will be offering 25%.

What do you mean you couldn't accept?

thefoolonthehill

Hi I was able to pay 500 pounds to clear a debt of 2,200. which was nice!

susieanne

fabforty wrote: »

I have been offered a settlement figure of £748 on a debt of £3120 and also £2000 against a debt of £6700. In the latter case, they also offered to let me pay in 3 equal installments. I couldn't accept because I am under a dmp with CCCS, but as soon as I have saved enough to offere each of my creditors a FF settlement, I will be offering 25%.

HI would you mind telling me which companys theses debts where with just wondering whether its any which im with .
I am just about to make f&f thanks

Broken_hearted

£1,000 on a £6,000 debt.

thefoolonthehill

Hey Broken Hearted - great result!

Susie - my debt was with those delightful scamps N'wide

fermi

Broken_hearted wrote: »

£1,000 on a £6,000 debt.

I was about to mention your F&F as I remember it was about 16-18%.

Sounds good, but I don't envy the amount of hassle and trouble you had to go through before they would go to that figure. :undecided

leanne82duke

good question i was thinking the same i want to make f&f on my reamining 3 debts but was not sure what a reasonable amount would be to offer rather than getting laughed off the phone!!

fabforty

snowedunderitall wrote: »

What do you mean you couldn't accept?

Under CCS DMP rules every penny has to be divided equally between all of my creditors (6 in total). If I have £x spare to give to creditors, it cannot be used to pay off one debt. I have been paying £10 per month to each creditor for the past 3 years and I guess having bought the original debt from the respective banks for a fraction of the true value and getting peanuts each month in repayment, they are keen to bring it to an end. I have started to receive similar offers at frequent intervals - 2/3 times a year. I am expecting a payout of £7k early next year. I plan to contact the creditors, explaining that I might be able to raise 7k (it's roughly 30% of the total outstanding debt) and offer this to the creditors in F & F- conditional on them all accepting. I have already spoken to 2 creditors about this and they have agreed in principle - although I realise that they might change their minds when the time comes.

fabforty

susieanne wrote: »

HI would you mind telling me which companys theses debts where with just wondering whether its any which im with .
I am just about to make f&f thanks

1st credit and Robinson Way. I have also recently spoken to Halifax who have agreed in principle to accept £1100 to settle a £4000 debt.