F&F advice please

happygolucky13

This is my first time here and love all the advice you guys give! My issue is I have a £4075 debt with Apex Credit Management Ltd. The have been hassling me for over 3 years now as I can only afford to pay £10 per month and they want me to pay more (of course)
My friend has offered to give me some money to pay F&F payment to them but not the whole amount... She explained to me to offer a percentage and see if they accept it. The problem is I know nothing about this and don't know where to start when it comes to negotiating a deal with Apex.
Would be greatful if anyone has any experience with Apex and can advise me what offer I should be able to make to them and get accepted.
Thanks in advance

dfw1980

From experience with Apex, they will accept between 60% and 70% as a settlement especially if they know all you can pay is £10 per month..
Write to them.. Offer them 40% and see what happens.
Be sure to explain that the money is a gift and it will only be gifted if the offer is accepted as F and F.. and is a one time offer. If you dont explain this, they will expect you to use the money to go towards paent of the whole ammount owed. Good luck :-)

happygolucky13

dfw1980 wrote: »

From experience with Apex, they will accept between 60% and 70% as a settlement especially if they know all you can pay is £10 per month..
Write to them.. Offer them 40% and see what happens.
Be sure to explain that the money is a gift and it will only be gifted if the offer is accepted as F and F.. and is a one time offer. If you dont explain this, they will expect you to use the money to go towards paent of the whole ammount owed. Good luck :-)

Thats great advice, thank you

[Deleted User]

or you could avoid being indebted to your friend: my instinct would be to write to them and say that £10 is the very most you can afford and take it or leave it.