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Capital One
Howitto
Posts: 49 Forumite
I'm so happy!
Had a £50 bonus from work so rang up Lowell and offered them £50 to settle a £187.61 debt from 8 years ago. So chuffed!
Just a another 5 more to go until I am DEBT FREE!
I have sold many household things on eBay and have around £400 extra to spend on debts. Shall I offer reduced rates again? Most are with Lowell and they are very good.
Creditor Amount owed
Lloyds £1,855
O2 £1,800
Vanquis £1,620
Littlewoods £312.56
Next £159.12
Had a £50 bonus from work so rang up Lowell and offered them £50 to settle a £187.61 debt from 8 years ago. So chuffed!
Just a another 5 more to go until I am DEBT FREE!
I have sold many household things on eBay and have around £400 extra to spend on debts. Shall I offer reduced rates again? Most are with Lowell and they are very good.
Creditor Amount owed
Lloyds £1,855
O2 £1,800
Vanquis £1,620
Littlewoods £312.56
Next £159.12
0
Comments
-
To be safe you want the deal confirmed in writing before you pay
Don't expect such spectacular results where the debt is still with the original creditor and fully enforceable (the Lowell one might not have been) but it's worth starting the ball rolling and see who takes the bait
There's a sample letter in this factsheet
https://www.nationaldebtline.org/EW/factsheets/Pages/24%20EW%20Full%20and%20final%20settlement%20offers/Default.aspx0
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