nationwide are offering to take £2000 his debt

Deals_2

if he pays the rest off in one lump sum. never seen this before. also they say it will not affect his credit rating or anything. anyone any experience of this. i am just wondering where the catch is really!!!

WASHER

Is this in writing or just verbally?

Have you been paying them, if so, are you on a DMP (self managed or otherwise). It could be a full and final settlement offer by them, but make sure you have it in writing before you settle any outstanding £2K.

Tixy

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offers

You might want to look at this factsheet, as washer says you need the deal in writing, plus it tells you what to ask for in exchange (if he can afford the settlement of course)