Offered Wescot 45% Settlement. What does letter mean?

OberonSH

I would send them a letter asking them to claify that they will accept £142 as full and final. It might be a ploy to see if you'll go higher, in which case they'll ask for the full amount.

fuzzgun19

Thanks guys, but I have already sent another F&F letter on tuesday 27th...

Suppose I'll have to wait and see. Will keep you all posted.

fuzzgun19

Following my 2nd F&F letter to Wescot offering the amended amount of half, I have received the letter below.

Should I now send a cheque for £142.50?

Is this letter enough, will they think I'm hassling them if I asked for more confirmation?

immoral_angeluk

It still doesn't say full and final settlement! Tread carefully! Ask them for a letter confirming that it is FULL AND FINAL settlement.

immoral_angeluk

and for the record what a lazy way of having a letter! I mean tick boxes??

fuzzgun19

Yes they do seem a shower this lot!

I have drafted this letter, will it be ok?

WITHOUT PREJUDICE:
Dear Sir/Madam,

DEBT NO : D3/32417171

I am in receipt of your letter dated 11/05/07.

I can you confirm in writing that you are willing to accept this amount of £142.50 as FULL & FINAL Settlement on this account.

Please can you confirm this to me in Writing as soon as possible.

I will send you a cheque by return of post once I receive your agreement to the amount of £142.50 as FULL & FINAL Settlement in writing.

I look forward to receiving your reply.

Yours Faithfully

Crown

Hi Fuzz, I have amended a template I had. I dont know if you agree to it but I would send this to them.

---

Dear Sir/Madam

Re: Account No/Reference No:

I write with reference to a our recent correspondence regarding Full and Final Settlement of my account. Your previous letter has still not clarified that you accept this as Full and Final Settlement on this account so please can you signand send a copy of to this letter to confirm.

I confirm that I am/that I will be willing to accept your offer to pay £142.50. I want to offer this as an ex-gratia payment in full and final settlement of the account. This offer is made on the clear understanding that, if accepted, neither you or any associate company will take any other action to enforce or pursue this debt in any way whatsoever and that I will be released from any liability.

I also request that, if accepted, you will mark any entry on a credit reference agency file relating to the above account as "satisfied" in full.

Payment can be made within (put the number of days or weeks within which you will pay) of receiving your written agreement of this offer and method of payment.

I look forward to receiving your reply.

Yours faithfully

(Your signature)

---

We Agree the above Terms and Conditions and confirm that no further action will be taken on receipt of payment of £142.50.

Signed:
Print Name:
Position:

Wescot Credit Services LTD

fuzzgun19

Thanks for that Crown!

Will this letter be enough to stop anyone pursuing the debt at a later date?

Just that it's not official is it?

Have you used this letter with success before?

Crown

No problem,

I have used a similar letter in the pastand have no comeback (as yet!). The original template is from the nationaldebtline.co.uk

PS: Please check the grammar/spellking before you send as itsnot my strong point lol

fuzzgun19

Ok thankyou.

I will send it to this shower (Wescot), and let you know what happens.