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Creditor Wont Accept Offer?
dj9928
Posts: 343 Forumite
NCO wont accept my offer of £20 a month, they want £60, I said I can't afford that, I said I've made you the offer if you won't accept it thats your problem but thats all I can afford, and if it does go to court the judge will also see thats all we can afford,
So what happens now?
So what happens now?
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NCO wont accept my offer of £20 a month, they want £60, I said I can't afford that, I said I've made you the offer if you won't accept it thats your problem but thats all I can afford, and if it does go to court the judge will also see thats all we can afford,
So what happens now?
Are you in a DMP with Payplan, CCCS, National Debtline or one of the other Debt Counselling Charities?
If not, now may be a good time to talk with them.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
I'm glad you asked this question, because that's what I want to know. I'm with CCCS, but not all of the creditors have agreed to their offers yet. So what happens if they're not happy with the offers?Official DFW Nerd Club - Member # 593 - Proud To Be Dealing With My Debts!0
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Keep making the payments of £20 per month and refer back to CCCS. If it does go to court, the court will see that you are serious about your debts and would not force you to pay more than you can reasonably afford.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
trying-very-trying wrote: »I'm glad you asked this question, because that's what I want to know. I'm with CCCS, but not all of the creditors have agreed to their offers yet. So what happens if they're not happy with the offers?
Sometimes it does take a long time for ALL creditors to agree to your DMP offers - keep paying the minimum payments. They usually come round in the end.I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
Not all of the creditors have to accept your offers of payment, and sometimes they refuse to, using the excuse that this is not one of their policies. Having said that, their policies do change over a period of time. I would suggest that you continue sending the payment which is realistic and what you can afford to pay. Never be tempted to pay more even if you can because this is an amount that they will expect the next week/month, put the money aside and then at a later try a full and final settlement offer. Stand by your financial statement if you increase the payment by a £1 or even the creditor stating that they will only accept a minimum payment of £5 each week/month by agreeing to just a pound more or making the payment up to £5.00 this makes a whole mockery of your financial statement and makes the creditors think that you have more income than what you are stating. Stand firm, be polite and if they proceed with court action - remember it is not a crime to be in debt, you are not a criminal and you cannot go to prison for these type of debts. No court in this land will make you pay what you cannot, and just the fact that you have been making regular payments it is THEM that is not accepting the payment offer. Hardly ever does a creditor return a payment hence they have accepted it. Hope this makes sense!I love to wake up and meet the day. I think that life is not to be wasted or thrown away.:D0
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The best thing with offers is to be consistant, keep saying the same things offering the same amounts.
If you want to keep handling this payment offer yourself use the national debthepline template letters they have ones there for when people won't accept offers. But my personal opinion is why handle just one? You have CCCS for a reason use them, either that or handle all of the DMP yourself.0 -
i have just had a look at the debtline site and there are no repeat letters for sending when a creditor will not accept an offer to clear the debt....only the first letter0
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i have just had a look at the debtline site and there are no repeat letters for sending when a creditor will not accept an offer to clear the debt....only the first letter
Try; http://www.nationaldebtline.co.uk/england_wales/temp/9080_10801.pdf
Who are NCO?I am NOT, nor do I profess to be, a Qualified Debt Adviser. I have made MANY mistakes and have OFTEN been the unwitting victim of the the shamefull tactics of the Financial Industry.
If any of my experiences, or the knowledge that I have gained from those experiences, can help anyone who finds themselves in similar circumstances, then my experiences have not been in vain.
HMRC Bankruptcy Statistic - 26th October 2006 - 23rd April 2007 BCSC Member No. 7
DFW Nerd # 166 PROUD TO BE DEALING WITH MY DEBTS0 -
thanks for that one
however this is the template for offers on a montly basis and not when thy refuse a full and final offer - though i will be able to adapt this
thanks0
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