We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Debt Collection Agency - Debt Write Off?

BBE87
Posts: 1 Newbie
Hello,
I have been dealing with 1st Credit Ltd (DCA) in regards to arrears on an account/loan I had previously had with Barclays Partner Finance.
I received a letter from them today, saying they are making an offer of a 70% reduction of the total owed. I would pay £3000 by the end of August and then the balance would show as 0 on my credit file...
Has anyone ever taken up an offer like this?
What is it in for me/them?
Many thanks for all comments in advance.
I have been dealing with 1st Credit Ltd (DCA) in regards to arrears on an account/loan I had previously had with Barclays Partner Finance.
I received a letter from them today, saying they are making an offer of a 70% reduction of the total owed. I would pay £3000 by the end of August and then the balance would show as 0 on my credit file...
Has anyone ever taken up an offer like this?
What is it in for me/them?
Many thanks for all comments in advance.
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.4K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.4K Work, Benefits & Business
- 599.7K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards