F&F Settlement Offers

Desperate_to_be_debt_free

Just been wondering how successful people have been at offering Full and Final Settlements.

I have quite a few debts that have been passed to DCA's and even though I haven't got any spare cash at the moment I wondered how long you had to be in financial difficulty before you make F&F settlements and what sort of percentage people offer to repay.

Would appreciate your advice.

DarkConvict

gonzo127 wrote: »

well here is a ROUGH guide on what companies have been known to accept,

please remember some people get lower amounts other have to pay much more than this,

these things depend on so many variables including what side of the bed the person in the company got out off

anyways rough guide is below

Debt still with original creditor NO default = 90% or more
Debt with original creditor but with a default = 75% or more
Debt with 'in house' debt collectors of the original creditor = 60% or more
Debt with external debt collector however still property of original credit = 40% or more
Debt owned(purchased) by external debt collectors = 25% or more

Source: https://forums.moneysavingexpert.com/discussion/2439543

The above might be useful, and probably is a good gauge to be honest.

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

Desperate_to_be_debt_free

Many thanks. I'm off to start my next mission!