We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Settlement letter from Dca misleading?
Alpedro_2
Posts: 14 Forumite
Hi everyone
Got my settlement offer on one of my Dca its says this is a full and final settlement but will be marked partially satisfied with a remaining balance but a balance will be left on my credit file but i will not be chased for the remaining balance
I always thought it had to say 0 balance but it is all there documentated
Your thoughts?
Got my settlement offer on one of my Dca its says this is a full and final settlement but will be marked partially satisfied with a remaining balance but a balance will be left on my credit file but i will not be chased for the remaining balance
I always thought it had to say 0 balance but it is all there documentated
Your thoughts?
0
Comments
-
That's correct, it would only show a zero balance if you settled the debt in full.
The important thing for you is that the balance will not be chased, and you have that in writing.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 -
Funny you'd think they would just put a 0 balance if they have put in writing the remainder of the debt will not be chased0
-
Funny you'd think they would just put a 0 balance if they have put in writing the remainder of the debt will not be chased
The arrangement is the balance won't be chased.
That does not mean the balance does not exist, it still exists, it's just that the agreement your making with them means they won't chase it, and your credit file will record the fact a partial settlement was made.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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards