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Full & Final Settlement Question
cathy57
Posts: 87 Forumite
Hello,I have received a discount from DLC which I am going to accept.From a balance of £9922.49 to £4961.25.I am happy with that.
Here is their letter :
"If you are able to pay £4961.25 as a single payment,we will write off the remaining £4961.25.
Where your account is reported to the Credit Reference Agencies and a discount is applied,we would update your record as "partially settled".This indicates,that the account has been cleared but with a lesser amount than the balance owed.
To take advantage of this offer,please contact us etc... "
Can someone please tell me if this letter is a sufficient proof my account will be settled (partially) and that they won't get back to me in futur or do I need to ask them something else in writing ?
Many thanks.Catherine.
Here is their letter :
"If you are able to pay £4961.25 as a single payment,we will write off the remaining £4961.25.
Where your account is reported to the Credit Reference Agencies and a discount is applied,we would update your record as "partially settled".This indicates,that the account has been cleared but with a lesser amount than the balance owed.
To take advantage of this offer,please contact us etc... "
Can someone please tell me if this letter is a sufficient proof my account will be settled (partially) and that they won't get back to me in futur or do I need to ask them something else in writing ?
Many thanks.Catherine.
0
Comments
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You can ask them for a letter to confirm the payment has been received and the account is settled, but they will probably send one anyway.Non me fac calcitrare tuum culi0
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They say they will write off the remaining balance.
That's all you need to cover yourself against any future claim.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 -
But why not counter offer with a bit less?
Just saying... DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0 -
But why not counter offer with a bit less? Just saying...
Your a hard woman to please lol 😉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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sourcrates wrote: »Your a hard woman to please lol 😉
You have NO idea!!! :rotfl::rotfl:
The number they offered just seemed to me to be a % question which means generated. If the OP had made the offer then it would be likely to be round number DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0 -
Thank you all for your replies.I had originally made an offer for £4000 (maybe I should have gone for less ?) but it's too late now.Anyway,they declined it,then they made me an offer of over £7500 which I refused and yesterday I received the above offer which I have decided to accept.So far,I have managed to settle with 2 of my creditors at 50%,3 more to go.
Again,thank you for your help.0 -
50% seems pretty standard these days
https://forums.moneysavingexpert.com/discussion/comment/71600996#Comment_716009960 -
You have exhausted all the methods of reducing the balance to Zero for no cost already.
CCA and deed of assignment requests ?I do Contracts, all day every day.0
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