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should i just ring and ask

Hi all, i recently made a full and final settlement offer to my creditors which was rejected.One responded that they would not accept a full and final except in extreme circumstances.They requested an income and expenditure.My circumstances have changed(now rent instead of own) but i am really no better off. I also am not sure of exact expenditure as have only rented for a couple of months and havent had any bills as such yet(gas and electric and water meter)
Should i just ring them and ask what they would accept rather than sending letters and keep getting rejected?

Comments

  • tallyhoh
    tallyhoh Posts: 2,307 Forumite
    Part of the Furniture 1,000 Posts
    edited 20 May 2012 at 10:47PM
    No, offer exactly what you can afford. Of course they will refuse, they want to get as much money off you as they can. They will tell you they can only accept the full amount etc.
    How much is the debt for, if its for a fairly piddling amount they wont take you to court.

    Oh, & dont ring them, they will try to bully you & you have no proof of any offers. Use letters only & get any F&F in writing.

    Personally I wouldnt send them income & expenditure, if you have other debts they probably wont take them into account, they want theirs paid first.
    Tallyhoh! Stopped Smoking October 2000. Saved £29382.50 so far!
  • McKneff
    McKneff Posts: 38,857 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Please deal with this in writing, even if it just emails.
    My daughter ended up with a default, because they gave her one amount over the phone, she paid it. Then moved house, they didnt bother looking for her, defaulted because they had applied a higher amount than they told her, leaving a balance owing.

    She eventually got it removed and recieved compensation because they had made a big error but it affected her ability to get a mortgage for a long time.
    She
    make the most of it, we are only here for the weekend.
    and we will never, ever return.
  • dumb_blonde
    dumb_blonde Posts: 335 Forumite
    The thing is i have some equity from the sale of house and could afford to pay them in full now,but this would leave us with nothing and im really worried about having nothing to fall back on.Do you think i should bite the bullet and pay them in full or should i continue to try for reduced amounts or is there another way???
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