Barclaycard / Mercers Offer - Full and Final

frazier

I didnt pay the min £5 for 4 months to BC so they passed it recently to Mercers. I was paying £4 per month.

They have offered 40% [so-called] max discount off a £1,000 debt for the Barclaycard - they are writing to me with this offer. Whats the maximum they've known to have discounted?

I told them that 25% would be the most I can raise from family. They said no to this.

Thoughts/advice much appreciated - thanks.

frazier

Hasn't anyone on MSE made offers to Mercers or Barclaycard? Any help much appreciated. Thanks

frazier

Hello

There must be someone who's offered partial and final settlement to Barclaycard?

poppy52

I have but they were very hard line - in the end I had to pay 75%. They said it was because I was on a good salary and otherwise they would just wait until I had paid it all off! In the end I gave in because I am retiring in a few months and just wanted all my debts behind me.

Deep_In_Debt

My BC debt went to Mercers and then they passed it back to BC before I had a chance to offer Mercers a F/F/ Mercers were nasty for a few months and sent a doorstep collector.

From what I've read about them and from my experiences, they are unlikely to accept a low offer. If you can raise the funds to go for the 40% off offer then I'd be inclined to go for it as i think that is the best you will get.

heather66

from what i read previously they wouldn't accept any less than 50% balance

frazier

Thanks for that info.

Anyone else heard of them going beyond 50%. Ideally looking for 65%.