How to negotiate settlements?

pagenotfound2k

Ok, I shall send this tomorrow:

<deleted>
<deleted>
<deleted>
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<deleted>

Monday March 8th, 2010

Barclaycard
P.O. Box 5402
Northampton
NN4 1ZR

Dear Sir/Madam,

Account number: <deleted>

I write with reference to the money which you are claiming on the above account.

I can confirm that I am unable to offer to pay the money which I owe in full.

However, I can raise £889.00 and want to offer this as an ex-gratia payment in full and final settlement of the account. This offer is made on the clear understanding that, if accepted, neither you nor any associate company will take any other action to enforce or pursue this debt in any way whatsoever and that I will be released for any liability.

I also request that, if accepted, you will make an entry on a credit reference agency file relating to the above account as "satisfied" in full.

Payment can be made within two weeks of receiving your written agreement of this offer and method of payment.

I look forward to receiving your reply.

Yours faithfully



<deleted>

Looking good? Anything to add/remove/tweak?

pagenotfound2k

Above letter sent first class this morning. Wish me luck!

speirsro

Good luck PNF!!

Let us know how you get on!!

pagenotfound2k

I've accept this, and it has been paid after taking advice from National Debtline!

Arfhurdaly

Was this letter from barclaycard? Could you tell us a little history on the case, such as when you defaulted etc, how long you have been with calders etc?

30% is a very good deal. I'm negotiating a F&F at the moment. I cant get sub 70%:(

pagenotfound2k

To put it simply, it went to Mercers - then for a good year I never heard a peep, but continued making voluntary payments directly to Barclaycard. Recently, out of the blue, Calder Financial (part of Barclaycard) contacted me - I originally setup a small payment plan, until they offered me that settlement figure.

Didn't really do anything special, other than negotiate with Calders/Barclaycard.