Is this usual - Scottish DAS

Miss_Poohs

My husband has been paying his DAS since June 2008. The total has gone down considerably, but there's still a fair few years to go yet.

A few weeks ago one of his creditors (a DCA) wrote to offer a reduced FF settlement figure, he ummm'd and awww'd and now it timed out, but it got me to thinking, are they now at the stage it's costing them as much to service the debt, hence the FF offer?

National_Debtline

Hi there


No, this is not unusual in the slightest. You have probably answered your own question about the reasons for the lump sum offer. Bear in mind also that the DCA is likely to have paid a significantly reduced figure to acquire such an old debt, so they may be happy to take any sort of reasonable lump sum they can get right now and then move on.


Who knows, other creditors may begin to follow suit, especially if debts change hands.


Your husband should speak to his DAS supervisor if he is considering taking up any such offers.


Dennis
@natdebtline