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Is there a letter template for offering a small payment to close defaulted card acc.?
debtfreewannabe2010
Posts: 41 Forumite
Hi,
Is there a letter template for offering a small payment to close defaulted credit card account? Otherwise, any advice on this matter would be gratefully received. I have a defaulted credit card that will 'drop off' my credit report in July 2016 but I'd like to make a payment and get it removed sooner. Is there an acceptable minimum payment, e.g. 5%/10%?
My credit rating has dropped considerably and I want to do all I can to raise it.
Many thanks for reading this!
Is there a letter template for offering a small payment to close defaulted credit card account? Otherwise, any advice on this matter would be gratefully received. I have a defaulted credit card that will 'drop off' my credit report in July 2016 but I'd like to make a payment and get it removed sooner. Is there an acceptable minimum payment, e.g. 5%/10%?
My credit rating has dropped considerably and I want to do all I can to raise it.
Many thanks for reading this!
From Bad to Fair; An Excellent credit rating is now my aim!
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Comments
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debtfreewannabe2010 wrote: »Hi,
Is there a letter template for offering a small payment to close defaulted credit card account? Otherwise, any advice on this matter would be gratefully received. I have a defaulted credit card that will 'drop off' my credit report in July 2016 but I'd like to make a payment and get it removed sooner. Is there an acceptable minimum payment, e.g. 5%/10%?
My credit rating has dropped considerably and I want to do all I can to raise it.
Many thanks for reading this!
4 May 2015
Dear Sir/Madam
Without prejudice
Account No:
I write with reference to the money which you are claiming on the above account.
I can confirm that I am unable to pay the money which I owe in full.
However, I can raise £ and I want to offer this as an ex-gratia payment in full and final settlement of the account. This offer is made on the clear understanding that, if accepted, neither you nor any associate company will take any other action to enforce or pursue this debt in any way whatsoever and that I will be released from any liability.
I also request that, if accepted, you make an entry on my credit reference agency file relating to the above account as having been paid and the account closed.
Payment can be made within of receiving your written agreement of this offer and method of payment.
I look forward to hearing from you.
Yours faithfully
Debtfreewannabe2010I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thank you so much! Much appreciated.
From Bad to Fair; An Excellent credit rating is now my aim!0 -
debtfreewannabe2010 wrote: »Thank you so much! Much appreciated.
I can't take credit for it unfortunatly, it's off the National Debtline website, there are others on there too for various other scenarios.
Good luck !!!I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
It still wont remove it from file any soonerDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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Sorry, yeah I realise that. But it will show that the account has been settled, as far as I'm aware...From Bad to Fair; An Excellent credit rating is now my aim!0
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sourcrates wrote: »I can't take credit for it unfortunatly, it's off the National Debtline website, there are others on there too for various other scenarios.
Good luck !!!
You can take the credit for taking the time to share it with me, though, so thank you!From Bad to Fair; An Excellent credit rating is now my aim!0
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