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Barclaycard / Mercers Offer - Full and Final

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.

Comments

  • frazier
    frazier Posts: 16 Forumite
    Hasn't anyone on MSE made offers to Mercers or Barclaycard? Any help much appreciated. Thanks :)
  • frazier
    frazier Posts: 16 Forumite
    Hello

    There must be someone who's offered partial and final settlement to Barclaycard?
  • poppy52
    poppy52 Posts: 186 Forumite
    Debt-free and Proud!
    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
    Deep_In_Debt Posts: 8,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    edited 3 October 2012 at 10:31PM
    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.
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • from what i read previously they wouldn't accept any less than 50% balance
  • frazier
    frazier Posts: 16 Forumite
    Thanks for that info.

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