Bit of Advice Required

WCL

Post has been deleted

Lemon_Tree

hi not sure i can help but just bumping up so someone who can help will.

Jacks_xxx

:wave: Hiya hon,

Welcome to the DFW gang.

Check out this site:
http://www.checkmyfile.com/default.asp?ref=CJN

I've signed up for the £14.95 per quarter unlimited access (but with a card I was about to cancel, so if I want to pay for another 3 months I'll have to consciously do it rather than letting them take the direct debit.)

(I like control!)

I have a different rating and lightly different info with all three agencies and it made quite interesting reading.

More importantly, I can see where the problems are (One agency didn't have me on the electoral roll for example.)

Another site I like is:
www.whatsthecost.com

If you punch in all your debt details it tells you the fastest and cheapest way to get clear.

Don't whatever you do, punch in the debts that you handed off to Harrington Brook as seeing how much faster and cheaper you could have been out of debt will make you weep.

Love Jacks xxx

Larumbelle

Hi WCL,

I agree with Jacks' post regarding your credit rating. There is also a bit of info on the main site, there is alink to it on the resource bar at the top of this thread.


Full and final settlements - there is no hard and fast rule, it depends upon the company, the level of debt outstanding, and all sorts. DCAs pay literally pennies in the pound when they buy up debt, so they can make a fair old profit off a really low F+F settlement. It is not unheard of for a DCA to accept as little as 10%, although 25-50% is more normal. You can quite often barter, some people prefer to ask for a settlement figure and take it from there.
Send a letter along these lines:


Name of Creditor
Address of Creditor

WITHOUT PREJUDICE

Dear Sir/Madam
Re: Account No/Reference No:
I write with reference to the money which you are claiming on the above account.
I can confirm that I am unable to offer to pay the money which I owe in full (Add details of your circumstances and financial situation). However, I can raise £ (put the amount which you can afford to pay) and I want to offer this as an ex-gratia payment in full and final settlement of the account. This offer is made on the clear understanding that, if accepted, neither you or any associate company will take any other action to enforce or pursue this debt in any way whatsoever and that I will be released from any liability.
I also request that, if accepted, you will mark any entry on a credit reference agency file relating to the above account as "satisfied" in full.
Payment can be made within (put the number of days or weeks within which you will pay) of receiving your written agreement of this offer and method of payment.
I look forward to receiving your reply.
Yours faithfully
(Your signature)

Be sure to send it recorded and DON'T ENCLOSE PAYMENT UNTIL IT IS ACCEPTED IN WRITING.

WCL

Thanks - all really helpful info