Would you go for this offer

Amethyst

Hi,

Sorry I haven't been on for a long time, not that I ever contributed much! - major family problems.

I have been trying to help son and dil with their debt problems for the last 2 years and have finally (hopefully) got an agreement from the last one - this was an A & L loan taken out balance of which stands at approx £24,000, the debt agency which has been dealing with it & A&L have agreed to accept £12,000 as a full and final settlement.

Our concern is that they say that it would be up to A & L whether they would put a note on son & dil credit file to that effect - they have said that they would state 'that on receipt the remaining balance on the account will not be pursued further by themselves or their clients'

So my question is - does this sound as though it would be okay or should it definitely state that they would add the full & final settlement message?

Thanks for any help you can give.

Lol
Amethyst x

sammy115

I would definitely get something in writing for Alliance & Leicester that states upon receipt of the £12,000 they will not pursue for the balance. I think there is a difference between that and markin gyour credit file as settled in full.

You could always hold out and try to force them to agree on putting the debt down as satisfied in full!

sammy115

try https://www.nationaldebtline.co.uk or the payplan or ccs website. They have details of Full and Final Settlements.

good luck

Amethyst

Hi Sammy115,

Thanks for the advice, we are trying to clear this last debt for son & dil as they have had such a lot of stress so I will contact the above as you suggest.

Lol
Amethyst

Amethyst

Hi all,

Just wanted to let you know that debt agency have agreed so will be paying this week.

Thanks for your help

Amethyst