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Offered Wescot 45% Settlement. What does letter mean?

fuzzgun19
fuzzgun19 Posts: 7,767 Forumite
Part of the Furniture 1,000 Posts
in Debt-free wannabe
I sent Wescot a F&F Settlement letter offering £130 (£285 owed). They have sent the following letter, but I'm unsure what it means, as at the top it says they will take £142.50, but the ticked boxed underneath say otherwise..?

Can anyone help translate this letter?

Wescot.jpg
I Hate Jobsworths!!!
«13

Comments

  • Broken_hearted
    Broken_hearted Posts: 9,553 Forumite
    Ask for a letter stating the offer they are willing to accept. That thing looks like a get out clause so they can chase you for the rest. When I settled I got a typed letter stating the date payment must reach them by, the amount and that it was a full and final settlement.
    Barclaycard 3800

    Nothing to do but hibernate till spring
  • DebtCompanyInsider
    DebtCompanyInsider Posts: 24 Forumite
    I might be wrong, but isnt it saying that it doesnt accept your offer (of £130) but should you offer £142.50 instead, then they will accept this as full and final settlement?!
  • fuzzgun19
    fuzzgun19 Posts: 7,767 Forumite
    Part of the Furniture 1,000 Posts
    DebtCompanyInsider wrote: »
    I might be wrong, but isnt it saying that it doesnt accept your offer (of £130) but should you offer £142.50 instead, then they will accept this as full and final settlement?!
    Possibly...

    Maybe I should send them another F&F letter with £142.50 and see what happens.

    What do you think?
    I Hate Jobsworths!!!
  • JET34
    JET34 Posts: 1,144 Forumite
    DebtCompanyInsider wrote: »
    I might be wrong, but isnt it saying that it doesnt accept your offer (of £130) but should you offer £142.50 instead, then they will accept this as full and final settlement?!

    I think that they mean this as well.
    DEBT FREE 23/FEB/07 TWO YEAR's!! £2 £1020.00 Banked New total £268+ and counting SAVINGS 3000.00- ISA £30. :j
  • highguyuk
    highguyuk Posts: 2,763 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    fuzzgun19 wrote: »
    Possibly...

    Maybe I should send them another F&F letter with £142.50 and see what happens.

    What do you think?

    Go for it ... ;)
  • fuzzgun19
    fuzzgun19 Posts: 7,767 Forumite
    Part of the Furniture 1,000 Posts
    Ok, thanks guys!

    I will send the amended F&F letter today and keep you posted.

    Cheers!
    I Hate Jobsworths!!!
  • southernscouser
    southernscouser Posts: 33,745 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    NO STOP!

    Wait there! Will post again!
  • southernscouser
    southernscouser Posts: 33,745 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I wouldn't trust these clowns as far as I could throw them!

    I personally wouldn't be happy with this letter as for me it is open to interpretation! :think:

    I think you should ask them for a letter actually stating that they will accept £XXX.XX as a FULL AND FINAL SETTLEMENT for the amount oweing.

    The box they have ticked about it not being accepted as full and final settlement. Does that relate to your offer or theirs? :confused:

    Just my opinion. :)
  • fuzzgun19
    fuzzgun19 Posts: 7,767 Forumite
    Part of the Furniture 1,000 Posts
    Thanks southernscouser.

    I have sent a F&F letter to them again changing the amount to £142.50.
    If I get another letter like the one above, I will then ask them to clarify that its Full & Final...
    I Hate Jobsworths!!!
  • rog2
    rog2 Posts: 11,650 Forumite
    10,000 Posts Combo Breaker
    Hi fuzzgun,

    The reply clearly states that they do not accept your offer in FULL and FINAL settlement - they are asking you to make a payment BEFORE they will even consider a F&F. :mad:
    Have a look on the National Debtline website - they have some good template letters, one of which deals with a 'rejected F&F offer.
    Don't pay anything until you have their acceptance of a FULL and FINAL settlement.
    I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
    If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.

    HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7

    DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS
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