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Full &a Final settlement with Barclay
Makingmistakes
Posts: 1 Newbie
Hi all
I was wondering if anyone could help, basically I've been very foolish with spending on a high interest rate Barclays credit card and refusing to deal with this earlier. What was originally £800 debt has now spiralled £1077 with interest and penalties which I cannot afford now that I am a student again. After reading several post it seems like they are also not the easiest to deal with when asking for a F&F and it is still currently with Barclays.
My question is, would I go in with an offer first or would I tackle the issue of trying to claim back penalties to lessen the debt or deal with both at the same time in writing?
I would be grateful for any tips, and thanks in advance.
I was wondering if anyone could help, basically I've been very foolish with spending on a high interest rate Barclays credit card and refusing to deal with this earlier. What was originally £800 debt has now spiralled £1077 with interest and penalties which I cannot afford now that I am a student again. After reading several post it seems like they are also not the easiest to deal with when asking for a F&F and it is still currently with Barclays.
My question is, would I go in with an offer first or would I tackle the issue of trying to claim back penalties to lessen the debt or deal with both at the same time in writing?
I would be grateful for any tips, and thanks in advance.
0
Comments
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Hi,
Two birds with one stone.
Written Complaint about the charges, ask for a refund, then offer them a settlement deal.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 -
Hi
This factsheet might be helpful when it comes to making full and final settlement offers:
www.nationaldebtline.org/EW/factsheets/Pages/fullandfinalsettlementoffers/lumpsumoffers.aspx#
James
@natdebtline
We work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0
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