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Negotiating Final Settlements
NorSharPei
Posts: 20 Forumite
Hi there,
After years of stupid decisions I finally had my lightbulb moment about my finances. I'm in the process of selling my house to release the equity that has built up so will soon be in a position to settle outstanding debts and start building my credit back up with the aim of purchasing another property in a couple of years when my file is bit cleaner.
Can anyone help by pointing me in the direction of a template letter for negotiating a partial settlement on some old debts?
Thanks in advance.
After years of stupid decisions I finally had my lightbulb moment about my finances. I'm in the process of selling my house to release the equity that has built up so will soon be in a position to settle outstanding debts and start building my credit back up with the aim of purchasing another property in a couple of years when my file is bit cleaner.
Can anyone help by pointing me in the direction of a template letter for negotiating a partial settlement on some old debts?
Thanks in advance.
0
Comments
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Look on the National Debtline website.
They have an excellent template letter, for just this purpose.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 -
Thanks - will take a look
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Hi all
This is a link to said template letter, for the benefit of anyone seeking it:
https://www.nationaldebtline.org/EW/sampleletters/sole-letters/Pages/Full-and-final-settlement-offers-%28sole-name%29.aspx
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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