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Settlement figure advice

Chris_Lett
Chris_Lett Posts: 1 Newbie
in Debt-free wannabe
Hi
I owe Halifax 2500 for an overdraft. They are letting me repay in small amounts but when i ask what they would accept as a settlement figure they say they can't suggest a figure.
Does anyone know what kind of figure they would accept to settle?

Comments

  • glentoran99
    glentoran99 Posts: 5,825 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Start low and work up, 20-25% and take it from there
  • harveybobbles
    harveybobbles Posts: 8,973 Forumite
    Wait until its sold to a DCA for pennies. Then offer £100 FF
  • bargainbetty
    bargainbetty Posts: 3,455 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Unless it is in default, they won't accept a settlement. They don't have to.
    Some days, it's just not worth chewing through the leather straps....
    LB moment - March 2006. DFD - 1 June 2012!!! DEBT FREE!



    May grocery challenge £45.61/£120
  • On_my_way
    On_my_way Posts: 405 Forumite
    Fifth Anniversary 100 Posts
    bargainbetty wrote: »
    Unless it is in default, they won't accept a settlement. They don't have to.

    If it's not in default just pay it off as fast as you can. Don't get a default for such a small amount unless you have absolutely no other option - they hang around for too long on your credit report!
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