Robinsons Way / lloyds loan

**Amy**

Hi

After some advice re: above. My partner has a loan from 2007 he is.now paying off. It is now for approx £17000. He is paying it off slowly but I have been told his bad credit could affect me keeping my job. I am now worrying! (long story but work do searches on you and partner/ people living at same address every 2 years and mine is due april next year)

Thinking about a full and final settlement as he has been told he is due some money re: inheritance, about £6k. Do you think they would accept this. They.say every month they would accept £11k but we havent got that.

Anyone had any dealings with the above debt collectors?

Thanks again

Amy

fatbelly

If he's coming into a lump sum, it does make sense to try to settle this by F&F, whether or not it appears on his credit file.

I think 6k against 17k is a realistic possibility, but obviously start lower, say 25% for the opening offer

FTW

**Amy** wrote: »

Hi

After some advice re: above. My partner has a loan from 2007 he is.now paying off. It is now for approx £17000. He is paying it off slowly but I have been told his bad credit could affect me keeping my job. I am now worrying! (long story but work do searches on you and partner/ people living at same address every 2 years and mine is due april next year)

Thinking about a full and final settlement as he has been told he is due some money re: inheritance, about £6k. Do you think they would accept this. They.say every month they would accept £11k but we havent got that.

Anyone had any dealings with the above debt collectors?

Thanks again

Amy

Why would his bad credit affect you keeping your job? Who told you that?

DVardysShadow

FTW wrote: »

Why would his bad credit affect you keeping your job? Who told you that?

I'm thinking that this arises not from living at the same address but from having a financial association, which shows up on a credit report. If that is the case, it may be worth trying to eliminate the financial associations as far as possible - although a mortgage would need to stay.

But it is gross to be penalized for the financial woes of another person.

**Amy**

Unfortunately its the nature of where I work. I have spoken unofficially to hr and they have told me they do.take partners credit into consideration. Obviously I cant go into detail though.

Swans1912

FTW wrote: »

Why would his bad credit affect you keeping your job? Who told you that?

UK Security Clearance has financial considerations and if you work in a bank for example.

**Amy**

Thanks everyone. I am drafting a letter for him today, which he will send tomorrow. Any ideas about how long they generally take to come back?

FTW

**Amy** wrote: »

Unfortunately its the nature of where I work. I have spoken unofficially to hr and they have told me they do.take partners credit into consideration. Obviously I cant go into detail though.

Ah, I thought it may have been Robinson Way who told you that.

Even if there is some kind of financial association going on, it seems grossly unfair to penalise you for someone else's 'fault'.

I'm not sure what RW's score is with F&Fs, but if you do make an offer and they go for it, make sure you do this in writing only - do not discuss this via telephone.

Also, make it known that their acceptancee means that this closes the whole matter - and that the difference will not be sold to another DCA to chase up later on (which has been known to happen).

aimingforadebtfreelife

Another fine company..... Robinson Way

F+F can be done with them, I have done it but the scale depends on who owns the debt.

I settled a £2k bank overdraft with them for £368.

It depends if RW have bought the debt or are acting on behalf of XXX company.

If they are still collecting money on behalf of a company the chances of a decent settlement figure are slim as the original company is still pulling the strings.

If however there is a letter to say RW now own the debt (if so would appear as their name on your credit report) then there is more scope. Thats because they probably bought the debt for for 10% of its value off the original company.

Write your letter at 25% settlement on condition its f&f and await their response. Start low and work up. If they bought the debt for about £2k and they get offered say £5k then its money in the bank for them and you've released yourself from the debt!!

Good luck