Full and final payment Barclaycard

harry7075

Hi I've missed two payments, negotiated with Barclaycard. I can scrap together next months payment and will be in a situation later to pay a lump sum off the card. Will Barclaycard entertain a full and final settlement on the balance?

stephane_2

No....I doubt very much, unless you miss several payments, then Barclaycard would issue you with a default, your credit rating will be trashed for the next 6 years.....

Tixy

I would doubt it. Its rare that a creditor would consider a reduced F&F settlement unless there is a default recorded on the debt and even then only if they think it is their best chance of recovering on the debt.

mrmotivator

I agree with Tixy, it's unlikely you would get any success unless you have fallen badly behind and defaulted. Otherwise we could all miss a few payments and get our debts reduced - would be nice! Good luck anyway, you might be one of the lucky ones.