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Clearance figures
debt23
Posts: 153 Forumite
Hi all,
Has anyone got any guidelines on how to decide how much to offer to clear a debt?
Also wondering, in the case of debt companies that have brought a debt, how much they might have paid for it, % wise.
Last year I was speaking to my creditors and offering a 50% clearance payment - some played hard ball at first, but in the end they all came down. So I could have cleared 60 K of debt for 30 K.
Sadly my situation changed and I did not have the 30 K, so im on a DIY DMP instead at the moment.
HFC, who I owed 7500 to, came down to 2500, which I was very happy with. And further to this, they sold the debt, and the new company has offerred me a clearance figure of 1400 - not bad when it was 7500 at the start!
Just aint got 1400 that the trouble.
Anyhoo - getting back to the point - if I could get a really low figure to clear my debt, poss family could help me pay it off - so just thinking what to try for.
All the best
Debt23
Has anyone got any guidelines on how to decide how much to offer to clear a debt?
Also wondering, in the case of debt companies that have brought a debt, how much they might have paid for it, % wise.
Last year I was speaking to my creditors and offering a 50% clearance payment - some played hard ball at first, but in the end they all came down. So I could have cleared 60 K of debt for 30 K.
Sadly my situation changed and I did not have the 30 K, so im on a DIY DMP instead at the moment.
HFC, who I owed 7500 to, came down to 2500, which I was very happy with. And further to this, they sold the debt, and the new company has offerred me a clearance figure of 1400 - not bad when it was 7500 at the start!
Just aint got 1400 that the trouble.
Anyhoo - getting back to the point - if I could get a really low figure to clear my debt, poss family could help me pay it off - so just thinking what to try for.
All the best
Debt23
Total debt: £69,887 DFD: 2028
"Is there anybody in the World that I don't owe money to?"
"Is there anybody in the World that I don't owe money to?"
0
Comments
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I don't know I keep getting stuck at 50% can't get them to budge lower.Well done on the figures you are getting.Barclaycard 3800
Nothing to do but hibernate till spring
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