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Payment of !!!!!!
strawberryblonde
Posts: 75 Forumite
Hi
Hubby and I are getting ready to make payments on the !!!!!! we have negotiated. We have read that it is better if a third party makes the payment on our behalf. Can anyone explain why this is and is it a problem if we make the payment ourselves.
Many thanks
Hubby and I are getting ready to make payments on the !!!!!! we have negotiated. We have read that it is better if a third party makes the payment on our behalf. Can anyone explain why this is and is it a problem if we make the payment ourselves.
Many thanks
0
Comments
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strawberryblonde wrote: »Hi
Hubby and I are getting ready to make payments on the !!!!!! we have negotiated. We have read that it is better if a third party makes the payment on our behalf. Can anyone explain why this is and is it a problem if we make the payment ourselves.
Many thanks
No problems at all doing it yourself, don't know where you read about the 3rd party doing it.
One thing you must ensure, before you pay a single penny, you must have, in writing, something from the creditor stating that your offer will be accepted in full settlement of the account, and neither they, nor there agents, will pursue you for the remaining balance.
I cannot stress how important this is, because if you don't have this, then the creditor can, quite lawfully, sell on the remaining balance, and before you know it, some bottom feeder DCA is hassling you again.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 -
strawberryblonde wrote: »Hi
Hubby and I are getting ready to make payments on the !!!!!! we have negotiated. We have read that it is better if a third party makes the payment on our behalf. Can anyone explain why this is and is it a problem if we make the payment ourselves.
Many thanks
https://www.nationaldebtline.org/EW/factsheets/Pages/24%20EW%20Full%20and%20final%20settlement%20offers/Default.aspx
I can't give chapter and verse on this but it is held to be true, as ND say:A friend or relative may be able to give you the money to make the payment. This helps your agreement to be more legally binding if the creditor accepts the money from a third party.
In practice it should make no difference0
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