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Your thoughts about full and final settlement

sing2trees83
Posts: 20 Forumite
Evening all,
We are currently in a DMP with CCCS and have seen the letter templates and details about if we came into a lump sum of money - then making a full and final settlement offer to the creditors.
Has anyone done this? And if so - what were your experiences? What % did you offer / have accepted and are some companies / types of creditors more likely to accept or decline?
Thanks in advance!
We are currently in a DMP with CCCS and have seen the letter templates and details about if we came into a lump sum of money - then making a full and final settlement offer to the creditors.
Has anyone done this? And if so - what were your experiences? What % did you offer / have accepted and are some companies / types of creditors more likely to accept or decline?
Thanks in advance!
0
Comments
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I owe £95.11 to Arrow Global...offered then a 20% settlement...they came back offering 80%. I turned them down.
Equidebt - I owe £2.7k, they phoned me and offered 50% straight away. I declined and have written offering £500, yet to receive a response. Will let you know when I get one.
It all depends on if your debts are with DCA, how long you are going to be repaying through DMP etc...0
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