Full & Final

stotfoldquery

Hi guys,

Trying to work out how low I can get several companies down for full & final, does anyone have experience with the following:

Alliance & Leicester
Capital One
Natwest

All have been in default 2 years+

Ta.

sportbeth

Depends really on the Debt collector that's handling it. But I got my capital one down by 50% (80% of it was fees so now I'm claiming those back too) I would suggest doing this on any of your other accounts if you can

Toto

So, if you do a F&F and then claim the fees back, does that mean they owe you money? Even though you paid them less than the full amount?

I am going for F&F but I do need to work out what fees are on each account. MBNA is a silly amount. I am struggling to get my head around how to claim fees on these defaulted accounts.

My worry is if I claim fees first they will just reduce the % they drop on the F&F, so I thought maybe it best to do it afterwards but it feels cheeky then having them owe me money.

Stotfold, I don't have any of the accounts you list but maybe the DCA who bought your debts will be the same. I am finding Wescot a nightmare to deal with.

My advice, start your F&F offer low, because they will push you up. So go in at say 30% and expect to agree on about 60% if you are lucky. Some may agree to less, some may push you to more. There isn't a formula i'm afraid but that seems to be what others have done.

The fact you are in default 2 years will help your case because they will see you as a bit of a lost cause and no doubt will have bought your debt for very little.

It_seem_like_a_good_ides

This is something I’ve been thinking a lot about, and any information from someone a bit in the know would be really helpful.

Many of my debts defaulted years ago and I imagine that throughout the process, from missing the first payment to now, the charges will be more than the initial debt.

I can't really understand how this would work with debts that have been sold on, would it be the case that the initial lender has to repay you, even if they may have sold the debt on for what could theoretically be, less than you reclaim.

As for debts with the initial lender, if a lender forgoes the right to further payment, due to a F/F settlement, than I assume the debtor does also.