Moorcroft debt - UPDATE

joflakes

I spoke with my Dad and for various reasons he has said I have to get rid of the debt asap as it is his address it is registered to and someone in the family works in the legal profession so can't have this on her address. He has offered to pay it off as long as I come to a low full and final settlement.

I called up the debt collector and enquired about a full and final settlement. I asked if Natwest would also write it off and he confirmed they would. I said that I would require the F&F offer in writing if I were to agree to it *before* I paid anything.

He said about 60% of the debt is what he usually gets as a F&F but I was thinking that when he comes back with his figure I'll offer him something significantly lower and then we can meet in the middle.

Is this reasonable? Has anyone come to a F&F settlement with Moorcroft/Natwest?

mellonicoley

Credit scoring/rating/reports aren't linked to the address, just the person. I don't see how this would affect the legal profession person in your family...

I might be wrong though, someone may come along and correct me soon.

taffy056

An address does not get blacklisted, its an urban legend. If a person applying for credit has no financial connection to someone who lived there previously , it won't be considered relevant. By the same token someone working in the legal profession with no financial connection to them will not effect their career.