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BlackHorse final settlement % they might accept

ayjax
ayjax Posts: 4 Newbie
Hi all,

I had car finance with Black Horse Finance but got into financial difficulty and had to do a voluntary hand back on the vehicle. This left me with a £2000 deficit which I offered to pay back at £17.50 a month as I was out of work. I have been paying this for about 2 years now. I got a letter saying that my debt has been passed onto MaKenzie Hall as its not work Black Horse processing the payments each month. I have phoned Black Horse and they say their is nothing I can do but now deal with MaKenzie Hall. I am not impressed as I have never missed a payment.

Anywhey my question is this, I contacted MaKenzie Hall about making a settlement offer as my parents have been kind enough to try and pay it for me. They told me the least they could accept would by %75 of the amount outstanding. I am not sure if this is right but what figure do you think they would go for. I am trying to get this as low as possible.

Comments

  • chanz4
    chanz4 Posts: 11,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    Offer them 35% and work up every month
    Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.
  • chanz4 wrote: »
    Offer them 35% and work up every month

    OK, will do, Thanks!
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