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Full & Final Settlement Offer?

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Stuck_1
Stuck_1 Posts: 58 Forumite
in Debt free diaries
If you owed money to 3 different creditors & wanted
to offer a full & final offer dealing with them 1 at a time, starting
with the one you owed most how much would you offer on a 10k debt for starters? would 40% be acceptable?...this would be
under the circumstances where the person in debt was unemployed
& had little chance of gaining employment & the money was being
borrowed in order to pay the debt. also would they not consider
the above unless you missed a payment first?

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  • niccatw
    niccatw Posts: 3,096 Forumite
    First Anniversary Combo Breaker
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    Hello Stuck1, I don't know the answer to your question but just wanted to let you know you will probably get lots more responses if you post it in the main debt free wannabe forum, rather than the debt free diaries section it's currently in. Good luck :)
    Jan10: 28,315.81 Jan11: 18,015.32 Jan12: 7,682.58 Jan13: 2,987.73 Current debt: 1,225.55
    HFC [STRIKE]1896.10. [/STRIKE] 225.55 SLC2 [STRIKE]5123.34[/STRIKE] 0 Others [STRIKE]2085[/STRIKE] 1000 Bcard [STRIKE]1172.60[/STRIKE] 0

    Mike's Mob
  • Stuck_1
    Stuck_1 Posts: 58 Forumite
    Options
    thanks, sorry i some how managed to place this in the wrong section:o
This discussion has been closed.
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