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partially satisfied default notice

I have made an offer to Blair Oliver and Scott (who have agreed but i have not paid it yet still have 4 weeks to decide) who took over a halifax loan when it went into collections. It has been being paid at £79 per month but the original loan agreement with halifax was £149 a month. Anyway there is £5911.79 left outstanding and they have accepted an offer of £4138.25 however they have said that they will register a default notice on my credit file which will be marked with "partially satisfied" is there any way i can negiotiate with them about this default notice as i have read that "partially satisfied" is as bad to your credit as not being paid at all and the reason i am paying it off now rather than by monthly payments as i want to remortgage when interest rates start going up again. Thanks for any help anyone can give.

Comments

  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    edited 28 June 2012 am30 7:36AM
    A default is a default whatever way you look at it settled or not settled either way it's going to harm your chances for credit for 6 years.
    Don't listen to them they will say any old cra*p to make you pay.
  • bargainbetty
    bargainbetty Posts: 3,455 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Write back and tell them the offer is contingent on the file being marked fully satisfied, as you will consider the payment a full and final settlement. If it is marked partial, not only it is not good for the credit, they can still come after you for the rest.

    Tell them you will only accept a full and final settlement, and you can only raise the funds to settle if that is agreed in writing.

    If they won't agree to it, you can happily keep paying them £79 per month for the next ten years.... they are likely to do it, just to ge the money. But get it in writing - do not accept anything verbal.

    Good luck
    Some days, it's just not worth chewing through the leather straps....
    LB moment - March 2006. DFD - 1 June 2012!!! DEBT FREE!



    May grocery challenge £45.61/£120
  • chanz4
    chanz4 Posts: 11,051 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Xmas Saver!
    You do know this will effect the remortgage if you take the above advice, payment in full is the only way to avoid.
    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.
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