50% Offer

whattodo1968

Hi All,

Had a letter from Moorcroft Debt Recovery today

We are pleased that you made arrangment to pay your Aktiv Kapital account which we have been instructed to recover.
To say thank you we're giving you the opportunity to clear this for less and sooner.

We would like to offer you the chance to save half the amount you owe by offering you a fantastic 50% discount to clear your balance and SETTLE YOUR ACCOUNT

YOU PAY £224.85
WE PAY £224.85

Does this sound like a genuine offer.

Thanks whattodo1968

Tixy

Did you make arrangement to pay your activ kap account?

Is the activ kap account your debt? are you certain its not statute barred? This would be my first thought.

Do you know about statute barred debts?

If its not statute barred and it is your debt then you could consider writing to them using a proper full & final settlement template and offering them X amount to settle (you could well start at less than 50%).

Information on full & finals, what to look out for and template letter here - http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offers

HappyMJ

I had a chat with a debt collector on the phone yesterday about an old debt. I'm not paying the debt I don't agree with it. I just answered the mobile and got into a conversation. The discount started at 25% then 50% then he said well as you are in dispute with the debt how about 75% discount. I still refused never acknowledging any debt...It only has 6 months to go and then becomes statute barred. I asked him me to take me to court to prove the debt and he said he doesn't have that proof and won't take people to court for debts under £1,000. Oh well....so what do we do...nothing...6 months and counting...bye bye debt.

whattodo1968

Hi Tixy,

Yes this is my debt i've been paying them by DMP £3 a month


Thanks Whattodo1968

skevans

Sounds like a very good offer then!

Have you taken them up on it?

taffy056

I would put in writing a much lower counter offer , say 25% of the total owed, just remind them it will take about 12 years to clear the balance and that is all you can afford.