Extension to Full and Final.

MoodyMel

Hi

I have a debt, one of many, that has been passed to numerous DCA's. I got home today to a letter offering me to pay a final settlement of £283.25, this is exactly 50% of the debt (£566.50). They want payment by 31/05 which I simply can't do. I am wondering if there is any chance that they will extend this offer if I phone them.

Does anybody know please x

Tixy

Once a full & final settlement has been offered its usual that they will accept a similar deal in the future.

You could try calling them, but if you do that make sure they send out a new letter with a new date it is valid to before you pay.

Or you could wait until you are ready to make a full & final settlement and then write to them with your own letter offering an amount you can afford to pay (you might want to try offering less than 50%).

MoodyMel

Thank you, that is good to know.

I will probably leave it until I can actually afford to pay and try offering a slightly lower amount.

MM x

morgan78_2

wait till u can pay, they will probably say we need more but stand your ground with take it or leave it attitude and try and phone towards end of month.

dfw1980

Which company is it?
Mckenzie Hall offered me a reduced F&F figure.. I called them and they agreed to spread it out over 3 months.

So you wont loose anything by asking them :-)

harveybobbles

Discounts mean there is something wrong with the debt

ie its unenforceable, no CCA, penalty charges.

ignore them or offer them £50 as F&F on YOUR terms.