offer of clearing loan balance

dippit_2

hi all!!

i received a letter from my bank today, giving me the opportunity to clear my loan if i make a 1 off payment. i owe £9425 and they're willing to accept £6800.

i currently have a payment plan set up with cccs who are making payments of £65 on my behalf.

obviously i can't afford the 1 off payment, what is the best option available to me???

any advise would be greatly appreciated.

robpw2

if you cannot afford it just continue to make the payments you are making

or alternatively ask someone else to pay the reduced balance for you