Refusal of Full and Final

SkintnScared

Hi all

Just a quickie, if thats ok?

Ive been sorting some F&F settlements out and Santander and Blair, Oliver and Scott will not accept any payment that isnt 100%.

I just wondered what my options where and if this is quite common? I want to get all my debt paid off, so is it just best to pay them at 100% and then its done?

I have sent them several letters asking them to re-consider and they wont budge? Currently at about 70%...

Many thanks

SnS

fatbelly

Well there may be various options depending on how much capital you have available and what stage the debts are at.

But from previous posts I think these are fairly old defaulted debts so one option is:

Carry on with your pro-rata payments and try again in six months.

SkintnScared

Thanks Fatbelly much appreciated, yeah there both pretty old so I thought they would accept....I suppose from there point of view, I have paid on time every month (the payment plan) so this way if they carry on down this route they should get all their money back!

Thanks

edinburgher

Perhaps different lenders have different policies for what they're willing to accept to settle accounts passed to B, O and S?

My experience of offering !!!!!! for an old Bank of Scotland credit card (long term debt, regular payments made for years) was that they were willing to consider less than 100% from the get go, but did require some negotiating to go below 80%.

SkintnScared

Thanks Edinburgher, Ill maybe go back with a little bit more then and see where I get to...if not, Ill do as FB said and continue with my payment plans

Another quick question, if you dont mind.......Debt & Revenue Services wont budge on a wageday advance debt either.....I thought DCA's tended to budge a little but they wont....do you think its worth asking for a CA from them?
Thanks peeps