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Negotiating full and final settlements with link Financial

Hi guys,

Does anyone have experience with negotiating full and final settlements with link financial. I have an outstanding balance of 6900. I offered 700 to F&F settle and they rejected but offered 4490 to settle. Although this is a discount, I don't have the funds and want to get them down more! Any ideas or success stories welcome!

Comments

  • sourcrates
    sourcrates Posts: 31,800 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    syvci wrote: »
    Hi guys,

    Does anyone have experience with negotiating full and final settlements with link financial. I have an outstanding balance of 6900. I offered 700 to F&F settle and they rejected but offered 4490 to settle. Although this is a discount, I don't have the funds and want to get them down more! Any ideas or success stories welcome!

    Depends how old the debt is, what its status is regarding paperwork, there's no magic formula I'm afraid, you've just got to keep negotiating.
    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-letter
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