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!

F & F Settlement Figure

Good morning all,

Looking for some advice. Have many debts and may be in a position to pay off one small debt per month. I wonder what a reasonable F&F settlement figure is.

The debts I am looking at are for £110 and £156.

Many thanks in anticipation of your help.
12/04/2019
Savings £134 nothing changed here
Credit Score 134/700 - Jan. 171/700 - Feb. 151/700 - Mar.

Comments

  • sourcrates
    sourcrates Posts: 31,986 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    Good morning all,

    Looking for some advice. Have many debts and may be in a position to pay off one small debt per month. I wonder what a reasonable F&F settlement figure is.

    The debts I am looking at are for £110 and £156.

    Many thanks in anticipation of your help.


    Hi,

    I assuming your working to a very tight budget here.
    As they are only small amounts, chances are these debts wont be chased for that long, you could offer £50 and £70 respectively, to settle them, see what they come back to you with.
    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-letter
  • Thank you Sourcrates.

    I'll off these amounts on payday which is the 19th. Hopefully that'll be another two debts to cross off my massive list.
    12/04/2019
    Savings £134 nothing changed here
    Credit Score 134/700 - Jan. 171/700 - Feb. 151/700 - Mar.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.