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Debt Collectors discount
hibees1875_2
Posts: 328 Forumite
Not sure if this is the right place to stick this thread but here goes....
I was sorting through loads of paperwork, old and new, and came across loads of old debt collectors letters (westcotes). This reminded me of a certain 600pound mobile phone bill that i somehow avoided for 1 year. but sure as hell they caught up with me...
..but the point is, i negotiated a settlement of 3 installments over 2 months and they gave me a 25 % discount for this prompt payment.
Having worked in a smiliar field, i know that companies (mainly larger ones) will accept propmt payment discounts to recoup most of the money quickly so i just wondered if anyone had any really good discounts off debts??
Through work i have negotiated discounts of 40% off accounts worth millions (no kiddin).... but even so, im in debt myself...( i still dont know how it happened....)
I know this isn't a way out of debt and shouldn't be an excuse to get into debt.... but i just wondered.... has anyone else encountered discount agreements for paying back debt collectors quickly?
I was sorting through loads of paperwork, old and new, and came across loads of old debt collectors letters (westcotes). This reminded me of a certain 600pound mobile phone bill that i somehow avoided for 1 year. but sure as hell they caught up with me...
..but the point is, i negotiated a settlement of 3 installments over 2 months and they gave me a 25 % discount for this prompt payment.
Having worked in a smiliar field, i know that companies (mainly larger ones) will accept propmt payment discounts to recoup most of the money quickly so i just wondered if anyone had any really good discounts off debts??
Through work i have negotiated discounts of 40% off accounts worth millions (no kiddin).... but even so, im in debt myself...( i still dont know how it happened....)
I know this isn't a way out of debt and shouldn't be an excuse to get into debt.... but i just wondered.... has anyone else encountered discount agreements for paying back debt collectors quickly?
Sorry but please keep your signature to 4 lines in length - MSE Forum Team 2
0
Comments
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ONe DCA I spoke to recently offered me 40% off the debt if I paid it off by the end of the month. I told them I couldn't even afford the installment they were also offering!
DCAs buy the debts from the creditor at quite a low rate so you could negotiate with them and see what happens.0
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