The best way to settle debt in full

4 Posts
Hi,
My partner has an outstanding debt with a debt collection agency being enforced by a CCJ.
We now have the money to pay this off. What's the best way to engage them?
I suspect its not going to be ring them up and pay over the phone with my card.
Do people advise doing a Full & Final Settlement letter for the full amount? I want to make sure they are gone for good!
Thanks
Craig
My partner has an outstanding debt with a debt collection agency being enforced by a CCJ.
We now have the money to pay this off. What's the best way to engage them?
I suspect its not going to be ring them up and pay over the phone with my card.
Do people advise doing a Full & Final Settlement letter for the full amount? I want to make sure they are gone for good!
Thanks
Craig
0
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Replies
However, you could write and make them an offer to settle, template letters are widely available.
I would start at say 60% and see what they come back to you with.
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
I don't wish to try and reduce the debt, just pay it off in the best way to protect my partner.
I was thinking of asking them for a statement of account in the first instance as my partner has not had one of these in over 5 years of making instalments. Then writing to them to settle the amount in full.
Is this the best way to do it? Presumably paying by cheque is the best way
Craig
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.
I find banks transfer the most convenient method of payment but I can see the benefits of cheque payments.
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