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Full and final settlement question
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MrsRSH
Posts: 6 Forumite
Hello,
To cut a long story short my partner has a shortfall debt to deal with as the home he jointly owned with his ex was repossessed.
He has made them an full and final settlement offer of 10% of the total making it clear the sum offered was to be obtained from family. The debt collection company (Enact) have emailed back asking him to confirm that the sum offered would be gifted to him.
Why are they so keen to have this confirmed does anyone know? Will his answer affect their acceptance or otherwise of the offer do you think?
Thanks in advance for any thoughts.
To cut a long story short my partner has a shortfall debt to deal with as the home he jointly owned with his ex was repossessed.
He has made them an full and final settlement offer of 10% of the total making it clear the sum offered was to be obtained from family. The debt collection company (Enact) have emailed back asking him to confirm that the sum offered would be gifted to him.
Why are they so keen to have this confirmed does anyone know? Will his answer affect their acceptance or otherwise of the offer do you think?
Thanks in advance for any thoughts.
0
Comments
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It's all about affordability right now.
If they thought he could not afford to pay it, it would not be accepted.
That's why they want conformation the money is a gift !!!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
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