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1st Credit letter...
myothercarisaferrari
Posts: 832 Forumite
Morning
I have two debts with 1st Credit (£1620 and £1863) which I have been paying £10 pm on both.
Today they have sent me letters for both saying if I can pay £648 and £745 on both, it will clear the accounts (eg, I pay 40% and they write off 60%)
Now if I the means to get £1300 tgether I would in a flash but due to my rented flat being repossessed and having to move, all my spare cash has gone on moving and securing a new home.
What do you think the chances are of them agreeing to lower the debt anyway to the those prices and me upping my payments to £50 pm for each? Shall I phone or write? x
I have two debts with 1st Credit (£1620 and £1863) which I have been paying £10 pm on both.
Today they have sent me letters for both saying if I can pay £648 and £745 on both, it will clear the accounts (eg, I pay 40% and they write off 60%)
Now if I the means to get £1300 tgether I would in a flash but due to my rented flat being repossessed and having to move, all my spare cash has gone on moving and securing a new home.
What do you think the chances are of them agreeing to lower the debt anyway to the those prices and me upping my payments to £50 pm for each? Shall I phone or write? x
0
Comments
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They would only accept a lump sum payment for a settlement.
Make sure it's a full and final settlement as well.0
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