Offer from barclaycard to pay off

novak21

Hi

I was wondering if i could get some advice.

i got a letter from Barclaycard saying as I have been keeping up with my payment plan on my card that they can give me the chance to pay a lump sump of £1150 rather than carrying on paying £50 a month on the remaining balance of £2500 by the 13th may to call them before this date. I called the number and they said I have to make the payment by this date. There is nothing in the letter that says when I have to pay it by just to call by the 13th, they said i had to pay the full amount by the 7th may. i said if i hadnt called till the 12th then what? i was told that i could pay it by the 13th as theres a 5 day window.

Where do i stand on this and why have i received this offer?

Thanks

crazyguy

If you can find £1150.00 then tell them you want a confirmation letter stating that your payment is a full and final settlement before you pay them !

izools

The OP has already received a letter saying that £1,150 will be accepted to clear the debt.

You've received the offer as they want you off their books, plain and simple.

This would however appear as a partial settlement on your credit file which would make obtaining further credit in the future more difficult.

novak21

Thank you for the advice!

Bit weary on the doing it especially with the possibility of problems applying for credit in the future. (thanks izools).

Will give them a call in the morning and discuss again.