Final Offers

pbsmiles

Hello Everyone

I have just sold my house and have equity of 45k
I owe 38k in debt and am about to start to make final offers based on 30% which is about 12k.

I don't want them to keep pushing for more money so am thinking that if they don't accept the 30% to say that the offer is now withdrawn and continue paying the DMP as per normal.

Do you think this would trigger them coming back to me at a later date with acceptance?

StopIt

Offer them 20-25% and if they counter offer with 30ish% take it.


If they're going to reject a 30% offer, saying that you'll continue paying them as normal isn't going to sway them one bit, sorry.

pbsmiles

StopIt wrote: »

Offer them 20-25% and if they counter offer with 30ish% take it.


If they're going to reject a 30% offer, saying that you'll continue paying them as normal isn't going to sway them one bit, sorry.

Well I am hoping that the fact that I am 50 years old and currently the DMP runs till 70 they will be sympathic to themselves. I could die before then lol.

Arleen

pbsmiles wrote: »

Well I am hoping that the fact that I am 50 years old and currently the DMP runs till 70 they will be sympathic to themselves. I could die before then lol.

Sure, but if they learn that you have money running around, they may want to reconsider the DMP and demand payment of rest of the debt instead.