Reeling from the Reality Check

Brogden

Historybuff wrote: »

Today's the day. I've prepared the f and fs and am poised to send off the letters making pro rata offers to them all for about a third of what I owe. I'm just deciding whether to send in an i and e and a table showing what I owe to all the creditors and what I'm offering them all. Shall I do that or just send a stand alone letter to all of them? Just making my mind up. What have others done?

I didn't do that HB.....I just offered one by one and didn't talk about the other creditors. You could I suppose but it's maybe a little too 'fair' .

I did tell them verbally that I had other debts and if we couldn't agree on something then I would maintain my monthly payment arrangement with them and offer a lump sum to somebody else!

Good luck with it.

Brogden.

Historybuff

Thanks Brogden. I've decided against sending the i and e and table and will just send the offer letters by themselves. I can always use those if need be in negotiations when they get back to me. So here goes. They are going in this afternoon's post! Hope to get at least some of them settled for somewhere near the amounts I want. Wish me luck!

Puzzcat

Good Luck HB. xx

chevalier

Hi HB happy new year. Good luck with your f and f offers. I hope that they accept really low offers from you
cheers
chev

Historybuff

Well, one cc is talking to me re a settlement. It will have to be marked as 'partial' settlement, though, and they explained why. Before they decide I have to send them an i and e and the table setting out what I owe to all creditors and what I'm offering them, so they can see it is fair. I'm going to send them it in the morning, so I'll let you know how that one goes.
I feel really happy thinking that shortly I might be rid of one of the debts in the pile. ��

Historybuff

Letters have obviously reached their departments today. Got a call from another one ready to accept an amount only a bit more than I offered. I'm ringing them back tomorrow to confirm. I might actually be getting rid of some of the debt pile! I'm amazed how much this has lifted me up!

in_need_of_direction

Whoop! Whoop! Whoop! Brilliant news.

Bobarella

That is brilliant news HB. So pleased.

Brogden

Well done HB :T !!

I've never been asked for an I&E for an F&F but if that is what was needed I'd have one ready in one second

Historybuff

So, first creditor upped my 30% settlement offer to 40%, so I have confirmed and accepted it. Full settlement, but will be marked partial on the credit file. I am ecstatic! Eight amounts now down to six.
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