Full And Final Settlement question.

OwtForNowt

Hi guys.

I recently offered a full and final settlement for an account. Today I received a reply that says:

Further to your recent communication we write to confirm that upon receipt of your partial settlement of £300 the remaining balance of your account will be closed on our system. Neither we nor our client or any other third party will make further contact with you to recover the unpaid balance.

Upon receipt of your payment, we will inform our client of this settlement so they can update the various credit reference agencies and mark the account as satisfied by partial settlement.

I just wanted to double check with you knowledge people that this is ok to proceed with? It's just that they don't mention "full and final settlement" so I'm a bit 😐

Thanks guys.

sourcrates

OwtForNowt wrote: »

Hi guys.

I recently offered a full and final settlement for an account. Today I received a reply that says:



I just wanted to double check with you knowledge people that this is ok to proceed with? It's just that they don't mention "full and final settlement" so I'm a bit 😐

Thanks guys.

That is fine yes.

The important bits have been covered.