Advice needed for DCA settlement.......

theoriginalhashtag

I have an old overdraft which I defaulted on a few years back....it was for just over 2k. Its been sent to a DCA called Lowell.

I am now trying to sort out my old debts by trying to settle them one by one.

I offered them 700 pounds as a full and final settlement and they have responded today by offering a 15% discount only which would mean they want £1859 as the final settlement figure.

I don't have that much money to settle at that rate, the most I could put together right now is probably about 1500 pounds.

Was wondering if anyone has any advice on how to respond with a counter offer of around 1300 perhaps? Would this be a good idea or am i wasting my time? Should i just offer respond and try to negotiate a further discount?

Any help will be greatly appreciated.

sourcrates

Hi Hashtag,


Its all a matter of negotiation, don't be afraid to call there bluff, make as many counter offers as you like, just make sure you get it in writing that you wont be chased for any remaining balance, and you'll be fine.


Eventually they will either accept or sell the debt on again, just stick to your guns.