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Received an Offer from a Creditor But.....
crapwithcash82
Posts: 1,044 Forumite
...it says at the bottom of the letter that my credit file would be marked "Partially Settled" which obviously wouldn't be good enough.
I am tempted to reply and say that I would accept their offer, if my credit file was marked as fully satisfied and if they would consider removing the default on my file as well.
Has anyone done this with much success? The company are First Credit and they are "representing" Lloyds TSB, the offer is 60% of what I owe and they are offering to take 4 monthly installments, which I would be happy to do - if it meant full settlement of the account.
They are my second biggest creditor so I would be glad to see the back of them to be honest! Any advice or pointers gratefully received as I've never responded to an offer like this before...
I am tempted to reply and say that I would accept their offer, if my credit file was marked as fully satisfied and if they would consider removing the default on my file as well.
Has anyone done this with much success? The company are First Credit and they are "representing" Lloyds TSB, the offer is 60% of what I owe and they are offering to take 4 monthly installments, which I would be happy to do - if it meant full settlement of the account.
They are my second biggest creditor so I would be glad to see the back of them to be honest! Any advice or pointers gratefully received as I've never responded to an offer like this before...
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Comments
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You can try....however your debt is partially settled so I dont see why they would put fully satisfied on your account:beer: If I say something you like....Please hit the thanks button :beer:0
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char_student wrote: »You can try....however your debt is partially settled so I dont see why they would put fully satisfied on your account
I thought I had seen on here people offering a percentage of what they owe, but stating in the letter that their credit file has to be marked as fully settled? :think:0 -
crapwithcash82 wrote: »I thought I had seen on here people offering a percentage of what they owe, but stating in the letter that their credit file has to be marked as fully settled? :think:
http://forums.moneysavingexpert.com/showthread.html?t=1480047 see post 16:beer: If I say something you like....Please hit the thanks button :beer:0 -
Thanks for that char_student. I'm not sure if it would be the same if it was a debt collecting agency you were dealing with tho, because I thought the bought the debt for way less than the actual value was, and just tried to make a profit on what they paid for it, which would mean they are getting more than they are "owed" effectively?
Edited to ask: If there was an entry to say Partially settled on my credit file, even tho the full balance wasn't paid - how would that affect getting credit in the future or would I have to wait 6 years? :O0
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