Final settlement of debt - How to pay?

sarahg1923

Hi there,

I have a number of debts which I am repaying via a DMP through CCCS. I am negotiating final settlements with my creditors and have received acceptable offers so intend to pay asap. My question is if it makes any difference to pay these via a debit card over the phone or if it is better to pay by cheque, either from myself or a third party (ie my partner)?

podperson

Make sure you have everything in writing from them that it is full and final settlement and releases you from all liability to the debt. I would be inclined to pay by cheque but probably because I am rather paranoid and some of the dcas I have to deal with I would never give my card details to!! If you are happy you have the correct wording in writing and with the amount agreed then don't really need to do it via a third party though.

boogiebear79

Sorry to jump in here but in need of some advise too podperson. Do you know anything about debit fixers as am lookin at doing a DMP with them. ( debit of £35k) They have offered for us to pay £450 pm and then settle with creditors in 6 months for around £15k have been looking everywhere for advise as not sure i completly trust what they are saying??? Do you or anyone reading have some advise for me?

Just_Plain_Jane

boogiebear79 wrote: »

Sorry to jump in here but in need of some advise too podperson. Do you know anything about debit fixers as am lookin at doing a DMP with them. ( debit of £35k) They have offered for us to pay £450 pm and then settle with creditors in 6 months for around £15k have been looking everywhere for advise as not sure i completly trust what they are saying??? Do you or anyone reading have some advise for me?

You have been given some good advice about this on your other thread.