full and final settlement

living_to_regret_it

bombini wrote: »

You could also try phoning in the last week of the month. Sometimes the call operators can get a better deal on F&F especially if they have targets as mentioned above.

thank you! i will also try this

living_to_regret_it

sickasachip13 wrote: »

Hi,

Go in low, don't let them get a tiny sniff of what you do have available...this is the process I went through recently:

"I settled with Cap One and Ikea (Ikano finance) for around 40% of what was owed. These weren't huge debts and I am on a DMP so I was happy to go forward on that amount.

The process I undertook:
I phoned them to see if, hypothetically, they were open to a F&F offer and both said they were.
I mentioned it to CCCS.
I wrote, using the template letter from the National Debtline website, adding in a few lines about being on a DMP and it being years before these debts would be paid on the DMP.
They wrote back, each looking for around 60% of the debt.
We wrote back to them with a counter offer.
They wrote back. I rang National Debtline and read the letters down the phone to them to ensure all the bases were covered in the wording.
I contacted CCCS to inform them that the F&Fs were going ahead, this was fine with them.
Sent a cheque and covering letter back to creditors.
Reduced to £0 the amount owing to these two on the CCCS file.

Job done. Stress free, just a bit of to-ing and fro-ing.
SAAC "

so glad it worked for you. As you say, bit of to-ing and fro-ing but how lovely it would be to be debt and stress free.

will deffinately be giving it my best shot, thankyou so much to you and everyone else for their advice

geeka

Let us know how you get on, its all about playing hard ball with them dont give them a SLIGHT incling how much money you have available.