Barclaycard F&F offer? Will they accept?

beth3735

I have been on my DMP for over 6 yrs, Barclaycard who took over my Goldfish account are the only one charging me interest,

I only owe a smallish amount, but still big in that way. I have always been one of these who believe to fully pay what i owe, but then again im now thinking as Barclaycard are constantly marking my credit score with AP each month my credit rating will be messed up for another 6 yrs, so a partialy satisfied won't be any worse than 6 yrs of AP markers.

So for the amount i owe, which is around £750, do you think offering £300 they may accept. Or do you think they will just sit out the last few months of the DMP where they get £56 each month?

Its only this debt really holding me back.

[Deleted User]

if i were them i`d sit it out,if i were you i`d offer them £300 and see what happens

beth3735

Thats what im thinking as it will only be around 9 months max before they get the full amount!

I may just send them a letter and hope to get someone having a good day check it over

Does anyone know where i can find the link for the F&F template please? I thought it was in a sticky above. Thank you

GibbsRule_No3

Personal experience of BC and F&F is not good. I offered all my creditors pro-rata F&Fs some accepted, others offered an amount. Letter from BC said no but did imply if I contacted them they would offer me a F&F. When I contacted them they told me they would not offer me any amount as a F&F, I even asked if they really would not offer me a 99.9% F&F, they said no. Not surprised, as if they keep charging me they get over £3500 in interest by the time my DMP is paid off. BTW because they are getting more per month, now the other creditors are settled the interest has gone up. So it does not give them a reason to accept an offer from me.

I did read in another thread that someone did get a good deal, this does look like the exception to the rule. So worth trying.

beth3735

Thank you Yes and the more creditors i pay off the more interest they have started charging! Sick of the company.

I may just save up and not look at paying off the smaller ones and maybe by the end of May can afford to shift Barclaycard in full. I have just got to the point where i want rid of this company!

Lloyds were the same and it was such a relief to get rid!

owen_money

In my experience, Barclaycard + F&F= no chance. I had been on a DMP with them for 8 years and offered about 70% on £3000 to be told 'they dont do that sort of thing' but I could pay them the £3000 if i wanted. In the end it went to MBNA for a PS. Paid off BC last year thank God

Deep_In_Debt

Barclaycard are the bug bear of my dmp too!

simeyb

What annoys me the most about Barclaycard is this business with AP markers rather than defaults - I think the only thing I can do is to take them off arrangements about a year before they get paid off and although I'll have to pay interest at least they'll have been off AP's for a while (whereas of course defaults would have just disappeared) - all I want a decent credit rating for is my mortgage - not anymore debt! Any thoughts anyone?

DS4215

To defend BC a little they accepted a 50% F&F offer on my old Egg card - but it was already on a DMP before it was passed to them.

Stewart_78

They fly in the face of ICO guidelines and don't default when they should. This means they can keep dumping on your credit report until the day you pay it off. I am currently entering a battle to get a default put on mine back in 2010 when they should have done.

simeyb

Stewart_78 wrote: »

They fly in the face of ICO guidelines and don't default when they should. This means they can keep dumping on your credit report until the day you pay it off. I am currently entering a battle to get a default put on mine back in 2010 when they should have done.

That's very very interesting Stewart - I guess if someone does breach the terms of the credit agreement it is technically a default (subject to what's on the actual agreement I guess) - I have some Bcards which have been defaulted and which will disappear off my credit file this year, but others which "defaulted" at the same time which have got AP markers on them - would be very interested to hear how you get on with Bcard and will investigate myself too. simonbaxters@yahoo.co.uk