Getting out of debt

steveweb

I am currently on a DMP due to defaults on a loan and credit cards. My total debt is approx £16K. This is due to circumstances a couple of years ago, however, I am paying the debts back via the Debt Management Plan. I may be due to approx £12K from my late grandmother's estate and would like to use this to pay off my creditors and get out of this mess. If I offer them a pro rata payment for each debt but they state that it is accepted as a partial settlement but they won't pursue the debt further or pass it on, does this show on a credit file that the debts are cleared in full or will it say partial settlement (even though it is paid and they won't pursue it). Thank you for any help on this.

nicp60

It will probably say 'partial settlement'.
It makes hardly any difference whether it says settled or partial settlement though.