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AIC early settlement offer
hollykb
Posts: 12 Forumite
Hi everyone!
I have a debt with AIC (originally from Santander) of £3100. I currently make monthly payments of £30. I'd like to make an early settlement offer at some point soon and am not sure what amount to start at. They sent me a 'special offer' back in January of £2080 to settle it, but that ran out on 31st January apparently! I have looked at the all the advice on here so far which has been really helpful, and I've found a template letter to use and know to get it all in writing, but I'm just not sure about a figure to start at. I was thinking maybe £1240 which is 40%, or should I aim lower initially and negotiate up?
Any help would be much appreciated
thank you!
I have a debt with AIC (originally from Santander) of £3100. I currently make monthly payments of £30. I'd like to make an early settlement offer at some point soon and am not sure what amount to start at. They sent me a 'special offer' back in January of £2080 to settle it, but that ran out on 31st January apparently! I have looked at the all the advice on here so far which has been really helpful, and I've found a template letter to use and know to get it all in writing, but I'm just not sure about a figure to start at. I was thinking maybe £1240 which is 40%, or should I aim lower initially and negotiate up?
Any help would be much appreciated
thank you! Total debts April 2013: £23,389.01
Debt free target date: 20th February 2015 (for a debt free 30th celebration :T)
Debt free target date: 20th February 2015 (for a debt free 30th celebration :T)
0
Comments
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Have you read this:
http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offers
What's the debt for? When was it taken out?:beer:0 -
Yes I was going to use the sample letter from there
The debt is from a credit card with Santander, it's from 4 or 5 years ago (I'm not at home so not got the paper work to check exactly).Total debts April 2013: £23,389.01
Debt free target date: 20th February 2015 (for a debt free 30th celebration :T)0 -
Yes I was going to use the sample letter from there
The debt is from a credit card with Santander, it's from 4 or 5 years ago (I'm not at home so not got the paper work to check exactly).
Start at 20-25% and work up. If they have bought the debt from Santander they might have only paiid between 10-15p in the £.0
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