Letter from DCA - advice please

redsquirrel80

I've been paying a loan off with a DCA at a manageable monthly rate for me, but of course they're doing the pushing for higher payments thing. Just had the letter below from them and wondered if anyone has any advice on the best move -

"Your account is now overdue for an assessment of your financial situation, please call.... to review your current financial circumstances. Alternatively fill in the slip below and return with the increased payment amount and the date you wish to commence this new plan and it will be automatically adjusted. Please note we may be able to offer up to a 25% discount on this debt." (oh and conveniently the slip to fill in has a space for telephone number "in case we have a query" as I've only ever corresponded with them in writing and not given my phone number).

So, as some of you are much more expert at this than me, do you think I should..

a) Send it back offering a slightly increased payment - I can probably manage a bit more than I pay just now but I'm worried this will start them off pushing for more and more.
b) Send it back saying my financial circumstances haven't changed and I'm not going to pay them increased amounts.
c) Do you reckon the 25% reduction is only if I offer to pay it off in a lump sum or should I try to negotiate this while still paying monthly?

Just when you think everything's going along smoothly... :rolleyes:

skylight

25% off would be if you can pay it in one go.
With A, they will hassle for more.


Go for option B.

Scottishmummy

option b definately