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A mixture of f&f settlements and full payments to get rid of the lot
Loosepockets
Posts: 62 Forumite
So I have a plan now to get rid of all my debt once and for all...
Credit card 1) £17,700 settling for £11,000
Credit card 2) £3,800 paying in full
Credit card 3) £5,150 paying in full
Overdraft) £1,760 settling for £1,150
I guess maybe it's human nature to think "I wish I could have agreed a settlement on cc2&3, but on the bright side, I can kind of think that i *only* had to settle on one card and a overdraft - somehow it doesn't sound as bad as settling on the lot!
Credit card 1) £17,700 settling for £11,000
Credit card 2) £3,800 paying in full
Credit card 3) £5,150 paying in full
Overdraft) £1,760 settling for £1,150
I guess maybe it's human nature to think "I wish I could have agreed a settlement on cc2&3, but on the bright side, I can kind of think that i *only* had to settle on one card and a overdraft - somehow it doesn't sound as bad as settling on the lot!
0
Comments
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Hi,
Why cant you settle on cards 2 and 3 ?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 -
Apparently due to my financial position they will only accept full payment.
Oh well0 -
Loosepockets wrote: »Apparently due to my financial position they will only accept full payment.
Oh well
Are the debts still with original creditors ?
I assume they have not yet been sold on !!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
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