AIC now have my debt.

newlifeahead

I have just received a message on my landline to call AIC urgently. I have never dealt with this company and know all my debts are up to date as they have been managed by Payplan for the last few years.

Decided to give them a call to find out what it was all about to be told that my Natwest overdraft which I have been repaying to Intrum Justita via Payplan had passed the debt back to Natwest and Nawest passed it to AIC.

I had called Intrum only last Thursday to find out what the balance was. I was told that they hadn't received 2 payments.

I pay through payplan so as far as I know it has been paid and they have lost it. Anyway, the guy said I should call back this Thursday to see if it has turned up.

Now, AIC have the debt and are saying that the balance outstanding is £1006.07. This is incorrect as the 2 payments are still missing and the balance should be £977.13.

I was then offered to pay £504 and the rest would be written off.
The more and more I think about, I think I should just take the offer.

I have called Natwest and they have said it was passed to AIC because they have not received a payment since December 10. It looks like Intrum have been keeping my payments.

I have checked with Natwest and they still own the debt and AIC are just chasing it on their behalf.

Is this a blessing in disguise? Should I just pay the £504 and forget about the £28.94 which has gone missing?

I was going to pay in full and they would have had the full amount in August.

I don't want to rush in to anything to quickly in case there is a catch.

Can anyone make any sense of this? What should I do?

(I will have the money (£504)for it on the 4th May)

Tixy

If they've offered a settlement once then they will offer one again (or accept an offer from you in the future). Personally I'd try to track down where your missing payments are / talk to payplan etc about when these payments were made to interim.

If you do go for the settlement option make sure you get the offer in writing from them first and that is clear that it is in F&F settlement and that you won't be chased by anyone further in relation to this debt, and that it spells out how they will mark the settlement on your credit file.
You may have already seen it but if not national debtline has a useful factsheet on full & final settlements.

newlifeahead

Thanks Tixy.
I have asked them to send me something in writing. They did say that I would not be chased for the rest of the debt.
I was trying to get answer if this would reappear on my credit file. The default has already dropped off last year and I don't want this to reappear again giving me another 6 years, but she really didn't have a clue.

I will give Intrim a another call on Thursday to see if anything has happened there.

newlifeahead

Thought I would come back with an update on this.

Intrum found my missing payments. There were 3 payments not updated on my account which was why it was passed on to AIC. Intrum thought I had stopped paying, but they had not allocated the payments to my account. (They are paid via Payplan every month)

AIC adjusted the balance I owed so the settlement figure offered was £485. I managed to pay this on 27th April.

I have now had a letter to say the the account is now closed and no further payment will be chased.:j

I thought this was going to turn into a nightmare but worked out good in the end:beer: