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Should I part settle debts?

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  • fatbelly
    fatbelly Posts: 23,293 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Cashback Cashier
    Will part settling accounts affect my credit rating, or will it not make any difference because of the defaults?

    It won't make things worse, because of the defaults.

    And if the debts are already defaulted then the creditors should be open to some sort of full & final deal.

    Would the money be coming from a third party? Mention it in the letter otherwise they may think you're sitting on a pile of cash.
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