Full and Final Settlement?

alan2017

hello to all
I had a debt with Lloyds bank which was passed to Apex Credit Managment Limited The debt was £10000
i was set up direct debit £20 a month till now i never miss any payment last week i have received letter from apex they offer me to clear my account with them its 70%, onley pay back £3000 ,
i have already spoke with them for more lower like £2000 but unfortunately they wont accept it.
should i accept this offer???
thank you for your advice

sourcrates

Hi,

Can you afford it ?

If so then yes.

But,

Make sure you get a letter from them, stating that this £3000 will clear your debt, you will not owe them anything, and neither they, nor there agents will pursue you for the remainder of the debt.

Get this in writing and all will be ok.

dieselv2

Never accept the over over phone or email. You need a letter in the post incase it all goes south, you have proof which they must stick to.

alan2017

thank you for your replay,
i have already contact to them i shoud received letter soon to proof my account clear not owe them anything.

dieselv2

alan2017 wrote: »

thank you for your replay,
i have already contact to them i shoud received letter soon to proof my account clear not owe them anything.

Have you already paid the offer without the proof first?

alan2017

No I didn't pay I am waiting for letter I accept the offer over the phone but I do not make any payment till I receive the letter to confirm that 3k full final settlement.

alan2017

But if I don't accept the offer if I keep pay 20 pounds a month they can do anything thanks.