Mckenzie Hall - F&F

makemedebtfreeplease

Hi All,

Has anyone had any luck offering reduced f&f to mckhall - i really want to try and get rid of some of our smaller debts this year!!

Thanks

fermi

If MH are collecting the debts, then my first instinct is to check whether the debts are actually legally enforceable?

i.e. Could they be statute barred? Or never had a credit agreement when one was needed?

How much is "small"?

makemedebtfreeplease

definatley enforceable - from my stupidly taken out quickquid loan last year before i had my lbm - i dont want to weedle out of paying but as the original advance was something like £250 and then it went up to £387 I dont want to pay them lots of money just made up from charges unless I can really help it - the amount owing at the moment is about £370 - and paying £5 monthly to them at moment through cccs dmp - was thinking about offering £150/200ish but dont really want to give them more than I have to as they have had so much already!!!!

Any advice/success stories greatly appreciated:)

bottleofred

Hi makemedebtfree,

I'd offer them £100 to begin with, but make all offers in writing and only settle with any dca (especially muck hall) if you have received a letter saying the agreed amount is as a full and final settlement of the debt. There is a template letter for settlements on the national debtline website. Explain in the letter that the money has come from a relative, so they can't come at you for higher payments or the entire amount.

Good luck

Red

FTW

If debts have been passed to MH, they won't be enforceable - and this is a company I do know better than most.

They don't do 'enforceable'. I'd either send the 'prove it' letter or a CCA request (don't put a signature on the letter!) via recorded delivery and wait and see what happens from there.

I certainly wouldn't offer them any payment at this stage - especially not a F&F. They WILL sell the balance to someone else to chase up later on, so I really can't see the point of a F&F to them.

makemedebtfreeplease

I do want to pay back what is owed but I dont want to offer f&f if then gets sold on to someone else, I think I will send them a letter offering £100 to start with and definately wont send them any money until they confirm wont be sold on/chased by another company and is taken as full and final settlement of account - will have a look for the template letter to send

fermi

How to make offers in full and final settlement