📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Full & Final - Nearly there!!

Hi all

I hope someone can help please?

I have been backwards and forwards with my creditors agreeing on Full & Final settlements and some of them have finally agreed and I have this in writing with confirmation that they wont pursue me in future etc etc

I was just wondering the best way to pay this? Most of the agreements I had set up with them originally were via monthly SO and I wondered if it would be best to make the one-off F&F payment via the SO and then cancel it? I dont have a cheque book etc and paying by postal order would be too expensive!

Also, it just dawned on me whilst I was doing all this that I have a DMP with B&E and I was wondering how, by me doing the F&F myself, how it would affect the plan? T&Cs etc? I wasnt sure if I was meant to talk to B&E before I embarked on the F&F journey? Oops!

Many thanks for your help, as always.

SNS
Some debts are fun when you are acquiring them, but none are fun when you set about retiring them!!! :(


It's amazing how fast later comes when you buy now!!!! :eek:

Comments

  • I did some F&F myself when I was on a DMP with DFH. I gave written notice as per terms and conditions and had no problems at all. Best to check your T&C how to cancel your DMP?
    LBM 11/2009 Total Debts 11/2009 £44624 with DFD 2015 :(
    Debt Free Date: 14/11/2012 :j:j:j
  • SkintnScared
    SkintnScared Posts: 145 Forumite
    Thanks Takingcontrol Ill dig them out and go from there! :) cant believe I didnt think of it earlier lol..........do you mind if I ask how you made payment for F&F? Cheque? SO? card etc?

    Many thanks SnS
    Some debts are fun when you are acquiring them, but none are fun when you set about retiring them!!! :(


    It's amazing how fast later comes when you buy now!!!! :eek:
  • No not all. I paid by card over the phone :D
    LBM 11/2009 Total Debts 11/2009 £44624 with DFD 2015 :(
    Debt Free Date: 14/11/2012 :j:j:j
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.6K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 258K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.