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Should I part settle debts?

Katymillward · 2012-09-29 18:01:00

Hi, I am with a debt management company currently paying debts I owe which add up to approx £7,000. I want to get this paid as quickly as possible and I have been considering offering the creditors a part settlement amount as a final figure of course. Has anyone had any dealings with this? My debt management company said…

Comments

fatbelly Posts: 23,615 Forumite

1 October 2012 at 5:04PM

Katymillward wrote: »

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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