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advice needed - neverending abbey loan!
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Booboo123_2
Posts: 47 Forumite
in Loans
Hello All,
After viewing these forums for a while I have decided to join
I was wondering if anyone could help me though...
I have an abbey loan which was origanally for my car but i have extended it since. I want to pay it off now though but im not allowed to pay any extra to it a month I have to clear it in one go if I want rid of it. I have started saving and was wondering...
If they give me a settlement figure of say £2000 is this the very minimum they are going to take or if I say well I have £1600 right now and can pay it would they take it? basically is it negatiable?
Any advice or tips would be appreciated before I call. If I can get away with giving them less I will.
Thank you in advance.
After viewing these forums for a while I have decided to join

I was wondering if anyone could help me though...
I have an abbey loan which was origanally for my car but i have extended it since. I want to pay it off now though but im not allowed to pay any extra to it a month I have to clear it in one go if I want rid of it. I have started saving and was wondering...
If they give me a settlement figure of say £2000 is this the very minimum they are going to take or if I say well I have £1600 right now and can pay it would they take it? basically is it negatiable?
Any advice or tips would be appreciated before I call. If I can get away with giving them less I will.
Thank you in advance.
April 2011/ Present
£7110.23/ £6757.99
Savings Pot - £850.00
0
Comments
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No, there would be no reason for them to accept less.0
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If your payments are up to date or only slightly behind they won't take an offer.
Regards
XXbigman's guide to a happy life.
Eat properly
Sleep properly
Save some money0
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