Partial full and final settlement on an early settlement?

[Deleted User]

Another quick question.

In the next couple of months I'm going to be able to pay all my loans off, as I've ended up coming into a modest amount of money (not the lottery though, sadly).

I can pay them all of early, in full, but I remember reading somewhere on here that it's possible to offer the lender a partial settlement instead, to see if they bite.

Do you think any banks would actually accept this - and is it worth a try? Could it impact my credit report by adding a 'partial settlement' marker to it?

I'm happy to pay the full amount off, but interested to see whether a lender would still accept 90% of the final figure in full and final settlement, or whether they have no room for bargaining.

sefton

THIS POST IS FROM ANOTHER THREAD

I recently paid off a loan with Welcome Finance. I had been in arrears and they offered me a settlement figure which was 66% of the outstanding balance. I accepted as long as there would be no adverse entry on my credit file and asked for them to put this in the offer letter.

I received the letter and it stated that the credit reference agencies would be notified that the loan had been paid in full once I had paid. I paid the lump sum within the time period agreed and thought that would be the end of it. A week later I received this alert from Equifax.

Type: Caution flag
One of your accounts has recently had a caution flag added, amended or deleted. The addition of this flag is an indication to the lender that a new risk is present. Partial

I complained and I now have another entry today which says

New Information
There has been a change to the Current Status on the following account, if this is incorrect, contact Equifax. Settled

Having complained to Welcome Finance and sent a copy of the letter to Equifax surely the reference to the partial payment should be removed. I would not have accepted their offer had I known that would be entered and I have it in writing that they would regard the account as having been paid in full.

Who would I have to contact to have this entry removed