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Full and final settlement question
lianne84
Posts: 42 Forumite
Hi everyone, after joining this site fairly recently i am now trying to tackle my debts one at a time, i was wondering if anyone had any advise on how much to offer as a f and f settlement as im hoping to be able to do this with a couple of the smaller ones ive defaulted on. The main one is £344 owed to robinson way ltd, is there general percentage to start at? thanx for any help 
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Comments
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If a debt has been sold on to a third party debt collector then people often suggest starting as low as 20%.
Although it does also depend on how soon the debt would be paid off based on what you are paying now (eg if its £200 and you are paying £40 a month they'll probably just wait the 5months, whereas if you are paying nothing or only a few quid a month they'll be more likely to accept a low offer.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0 -
thanx for that Tixy, i am paying a small amount so i will start at 20% and see what they say:)0
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