F&F Nationwide Credit Card and Capquest

comex.matt

Hey Guys,


Iv been considering offering 2 of my creditors a full and final settlement offer. I owe £847 on my Nationwide credit card and £1246 to Capquest (was a littlewoods account).


I was hoping to offer Nationwide £500 and Capquest £850


Does anyone have any experience dealing with these 2 companies in this field?
Anyone give me a ballpark answer on chances of them accepting these?


Also I have my mortgage with nationwide (joint mortgage) would this hinder my chances of nationwide accepting my F&F offer?


Thanks for you help in advance


Matt

[Deleted User]

have you defaulted on both debts?they won't accept a F and F on debts not defaulted on
having said that the total of the debts is £2100 can you not make payments to pay off in full?

comex.matt

Yes, on my credit report its full of D's for both these accounts. Im in a repayment plan with Nationwide (KPR) and the same with Capquest (which was a Littlewoods account)


I am selling my car which I hope to get £1500 for so this is how I have split the money between the 2 creditors.


Thanks

comex.matt

Just been on the phone to Nationwide and after them going through my income and my outgoings they gave me an offer of £821 to partially settle the debt. How the hell do people get 50% off their debt and im being given £26 off! And they said with your income and expenditure the way it is, its non negotiable.


How can I only get this? I don't understand where I'm going wrong

glentoran99

comex.matt wrote: »

Just been on the phone to Nationwide and after them going through my income and my outgoings they gave me an offer of £821 to partially settle the debt. How the hell do people get 50% off their debt and im being given £26 off! And they said with your income and expenditure the way it is, its non negotiable.


How can I only get this? I don't understand where I'm going wrong

They way they see it you can afford pretty much the full amount,


I assume you have also told them you are selling your car to raise the money? So the way they see it you can afford to pay it off with that

happy_bunny_2

Was the littlewoods account taken out before April 2007?

How much you paying a month on each?