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help ! offer of settlement from dca should i take it..

hi had an overdraft with bank got closed when i ran into serious money probs 3-4 years ago..chipped away at it £50 a month..then work dried up again couldnt pay it..so bank sent to dca..theres 2000 left on it
they sent a letter yesterday
stating our client has advised them in order to bring to a speedy conclusion settle for £900 if by the 30th jan..now i could afford to just do that..my question is should i do it
help with advice please guys-gals out there,the debt is obviously stilll the banks not owned by dca

Comments

  • dunstonh
    dunstonh Posts: 120,198 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Its an opportunity to repay your debt with an amount written off. An opportunity like that may not exist in future. You need to decide if you want to pay and get rid of it or risk them taking it to the next stage for the full amount.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • im confused what to do should i ring barclays or dca or do nothing help plse
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