Barclaycard full and final offer

Loosepockets

I have an outstanding debt to barclaycard. Over the past two years I have been making either £1 token payments or reduced payments (below monthly minimum) and they even suspended interest for a while.

Despite this, they haven't sold the debt on and are still dealing with it in house.

3 weeks ago I offered them 40% f&f. Today they came back back to me with a counter of 70%.

I've never been in a position where I'm offering f&f before so I don't really know if this is their best offer kind of thing. Do I have to agree to this (if I can £wise) or could I go back seeing if they can meet me somewhere in the middle?

What have others done?

sourcrates

This is quiet a common theme with Barclaycard, there are many, many threads on MSE about BC not defaulting people.
I think there logic is that once a customer is back up to date with there payments, they then continue to be a customer, and therefore a source of income for BC.


You can make them a counter offer, and see what they come back to you with, I suspect they will not budge much further, as they may still see you as potential future business, hence the unrealistic settlement figure.

Loosepockets

Ok thank you for your thoughts.

Maybe I will just pay it and have it done with!

zenshi

B....card are just ridiculous !!

I've been in DMP paying token payments to them for couple years bow. They have stopped interest but refuse to default me! Only this morning I got a letter saying ' you haven't used your credit card recently, if we don't hear from you we will close it' WTH.....

Loosepockets

So you think I did well to get any kind of discount from them?

fatbelly

Loosepockets wrote: »

So you think I did well to get any kind of discount from them?

I do

I'm struggling with a case with them - they refuse to accept any offer made so far.

Loosepockets

Fat belly - I hope they give in to you soon.

Kate_fixing_it

I had a full on Wimbledon final style negotiation with them! Discussion began in October and figure was agreed at 60% if I paid up before the end of the year. I called to pay at 4.30pm on 31st December

Ended up being sheer stubbornness on my my part. Early December we were quibbling over £20. Settled on £700 (the figure I'd gone with on the second offer.

Kate x

B0B

Did they AP or Default you.

They AP'ed me, when I complained they removed my debt from credit file and then gave me a settlement figure and refunded intrest

Chrysanthemum5

How does this work?

Does it reflect on your credit file when you try and negotiate?

Chrysanthemum5

I only ask as one card I am paying is only for 800 with barclaycard but it's like 400 over the limit stemming from student days so my payments each month don't take me under but it would be best probably to just save then pay it all when I do have enough to go Under the over payments