Help with Full and Final settlement

UnderPressure

fatbelly wrote: »

Hi

F&F deals will only work where the debtor has already defaulted on the contractural payments, often where a dmp has been started. So the credit file is already messed up and an F&F deal can only improve things, because it brings finality to the situation (and you might even persuade the creditor to mark the file 'settled').

I think we all assumed that the OP knew this, and the fact that Cap One have accepted such an arrangement, and the OP says it's 'going to take a few years but credit should be ok by then' infers that she does.

I think your first paragraph is correct, though your final one may not be!

Fair enough I stand corrected

Apologies OP I thought your were simply trying to save a few quid, but if your in difficulty how do you have the best part of 10k to offer settlements?

Never mind........................

michelle1985_2

yeah we are aware it will show up on our credit files.
I have recieved 10k from some money that has been left to me and we have been on a dmp for 3 years about now