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Extra payment made to keep open an option to settle - can I get money back?
thinkpositive1
Posts: 148 Forumite
I am on a DMP and one of my creditors offered a very generous offer to settle my account (25% of outstanding balance).
They have not defaulted my account yet but were about to.
To keep this settlement option open I paid them £250 at the end of April (to prevent default) and said it would screw up my monthly budget unless I could get the money off family to pay the settlement.
Unfortunately my family cannot help me find the £3k I would need to settle the account and I am now wishing I had not paid the creditor £250 which I could ill afford and now having nothing left for the rest of this month.
I am pretty certain there is no way I can get that £250 back, but is there any recourse I can take to reclaim this?
They have not defaulted my account yet but were about to.
To keep this settlement option open I paid them £250 at the end of April (to prevent default) and said it would screw up my monthly budget unless I could get the money off family to pay the settlement.
Unfortunately my family cannot help me find the £3k I would need to settle the account and I am now wishing I had not paid the creditor £250 which I could ill afford and now having nothing left for the rest of this month.
I am pretty certain there is no way I can get that £250 back, but is there any recourse I can take to reclaim this?
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Comments
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i dont know much about this, but i think you will be lucky to get it back, maybe someone else will be along to advise fingers crossed xI AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.680
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Cheers Happy...I fear you're correct. !0
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The best you can do, which would be reasonable, is have this accepted as early payment of agreed monthly payments.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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