Capital one - full & final settlement advice please

Rocket

Please can any you advise me on the following:

I owe £6547.07 to capital one and am on a payment plan of £100.00 interest free which was agreed by them.

2 months ago I wrote to them offering a F & F of £3500.00 and they declined, my plan is now up for review and they said that they may be able to offer me a settlement on the letter.

So I called them today and they said that if I paid £4500.00 this would show as a partial settlement on my file with the remaining balance showing as unpaid.

Is there anyway this can not be show on my credit file?

Or should I just keep paying the agreed amount of £100 but could I then be sent to external debt collectors in the future?

Not sure what to do here?

any advice would be greatly appreciated.

stephane_2

Unless you're able to pay the full amount then it is their right to note on your file that you've only made a partial settlement but the account will show as closed.
It is a good deal if you can afford to pay the £4500 as they may not want to renew your payment plan of £100 a month and start charging high interest again in the future....

Mrs_Ryan

I used to work for Cap 1 and may be able to help you out here, feel free to PM me. Mrs_R

tonyrluck

Hi Mrs Ryan

Could use your advice. i have £1100 of initial £4500 left to pay,being paying at £100 per month. Problem is redundancy looms so offered £400 full final settlement but refused, only making token payments until get new job. Would like to clear this before the cash runs dry.

Your thoughts

AL