Negotiating a removal of default

messi2504

I've read about this, is this possible on old defaults around 3 or 4 years old or just new ones? Is there any letter template? Will debt collection agencies remove defaults? My main debt collector is Lowell.

meer53

If you've defaulted why do you think you'll be able to negotiate ? What reasons will you give ?

matttye

It's possible but most people don't have any luck getting them removed, especially if they're valid.

Lowell especially are unlikely to entertain the idea. They're one of the worst DCAs from what I've read.

messi2504

meer53 wrote: »

If you've defaulted why do you think you'll be able to negotiate ? What reasons will you give ?

To be honest i'm just seeing if i can get lucky and have them drop off now rather than waiting another 2 years. Although i do understand i have no right as it was my fault.

matttye wrote: »

It's possible but most people don't have any luck getting them removed, especially if they're valid.

Lowell especially are unlikely to entertain the idea. They're one of the worst DCAs from what I've read.

Thank you i will try my luck.

I have these defaults on my file:

Lowell - £635
Lowell - £345
Lowell - £466
Lowell - £145
Cabot Financial (Uk) LTD - £1,559

I can clear most off next month apart from the Cabot one which i'll pay off monthly until i've saved enough to make them a respectable offer.

Would around a 50% offer be good enough to settle it? I've already received an email from one of Lowell's 3rd parties offering me to settle the £466 default for £233.

Come to a point now that Lowell have stopped sending letters for the £145 and £345 debt.

Neil_948

messi2504 wrote: »

To be honest i'm just seeing if i can get lucky and have them drop off now rather than waiting another 2 years. Although i do understand i have no right as it was my fault.



Thank you i will try my luck.

I have these defaults on my file:

Lowell - £635
Lowell - £345
Lowell - £466
Lowell - £145
Cabot Financial (Uk) LTD - £1,559

I can clear most off next month apart from the Cabot one which i'll pay off monthly until i've saved enough to make them a respectable offer.

Would around a 50% offer be good enough to settle it? I've already received an email from one of Lowell's 3rd parties offering me to settle the £466 default for £233.

Come to a point now that Lowell have stopped sending letters for the £145 and £345 debt.

I sent Lowell a F&F letter about 3 weeks ago finally got a reply back from them contradicting themselves but essentially did refuse my offer of £30 to settle a £50 debt but did say they would accept £43.

matttye

messi2504 wrote: »

To be honest i'm just seeing if i can get lucky and have them drop off now rather than waiting another 2 years. Although i do understand i have no right as it was my fault.



Thank you i will try my luck.

I have these defaults on my file:

Lowell - £635
Lowell - £345
Lowell - £466
Lowell - £145
Cabot Financial (Uk) LTD - £1,559

I can clear most off next month apart from the Cabot one which i'll pay off monthly until i've saved enough to make them a respectable offer.

Would around a 50% offer be good enough to settle it? I've already received an email from one of Lowell's 3rd parties offering me to settle the £466 default for £233.

Come to a point now that Lowell have stopped sending letters for the £145 and £345 debt.

If you're going to have even a slight chance at getting the defaults removed, you should offer to pay the full amount.

If you're wanting a discount on the debts there's no incentive for them to remove the defaults.

messi2504

Yeah i'm going to offer full for one see how things progress if not offer them reduced amount for settlement.