Barclaycard refused full and final payment offer

sue8902

Just tried to make a full and final payment offer to Barclaycard and they refused it as they say my account will never be able to get a full and final payment. I have been pay £73 a month and now owe £4900. I am having redundancy consultation at work and would like to have this account off of my back so made an offer of £2000 I can understand them refusing an offer but what I cannot understand is why they cannot or will not tell my why and then why they told me that my account will never be eligible for an offer. If I am made redundant at the age of 56 I am not too hopeful of finding full time employment for the same wage as I am now on so not sure if I can pay anything back to them. Any input would be appreciated.

Wheres_My_Cashback

My input, make another offer of £4900. You'll be happier, so will they !

pvt

So you haven't been made redundant yet, just having consultancy?

I think it's a bit tenuous to be asking them to write off £2,900 on the basis that you MIGHT become redundant soon.

meer53

Barclays reasoning - if you're made redundant and receive a lump sum pay out, you can pay them the full amount then. Why would they accept less then half if they can get the full amount ?

If it's paid off, at least you'll be £73 a month better off. Full and final settlement isnt an option on credit cards, it's a mutual agreement worked out between cardholder and card issuer in situations where they know there is no chance of getting the full amount back.

McKneff

If you default on the payment for a few months, they may consider a full and final, but that trashes your credit record.

If you want to be debt free, pay the full amount from your redundancy package. It's the only way it will go all at once.