2019 the year of good news??

bradqwer

I posted last week about my first attempt at a F&F settlement for a debt of £1,846 below is a transcript of the email I have just got

Good Evening,



Thank you for your patience,



I can confirm your settlement offer of £450.00 for all accounts has been accepted. This has been split as follows:


Managed to get them to agree a 30% settlement

Onward and upwards

David2Prit

Well done!!!

It’s a massive weight off you, and a great feeling, I remember my first F&F being accepted at around similar to you.

fatbelly

Well done. That's under 30% isn't it?

bradqwer

Yea deffo under the 30% and was my first offer I now have a couple more to sort but the total of them amounts is under £300 so they will be paid off in no time then Ill be debt free for like the first time ever.

Obv I need to ask for them to mark my file as settled and need all future contact to be via letters.

What then happens to my frankly terrible credit report assuming I now pay all my bills etc will it recover in time from all the CCJ etc or am I done forever??

poppasmurf_bewdley

No mention in the email of 'full and final' settlement?

If not, you need to get that sorted before you part with a penny.

bradqwer

poppasmurf_bewdley wrote: »

No mention in the email of 'full and final' settlement?

If not, you need to get that sorted before you part with a penny.

Doesnt say full and final it say I can confirm your settlement offer of £450.00 for all accounts has been accepted. This has been split as follows:

poppasmurf_bewdley

bradqwer wrote: »

Doesnt say full and final it say I can confirm your settlement offer of £450.00 for all accounts has been accepted. This has been split as follows:

I would still want 'full and final' in writing.

Just send them an email asking them to confirm it's 'full and final'.

bradqwer

poppasmurf_bewdley wrote: »

I would still want 'full and final' in writing.

Just send them an email asking them to confirm it's 'full and final'.

Will this be suffice or would you recommend having it all in actual ink and paper?

anna_1977

I'd also want it to say full and final

poppasmurf_bewdley

bradqwer wrote: »

Will this be suffice or would you recommend having it all in actual ink and paper?

Email is fine, just so long as you can archive it, and also print off a copy and keep it safe.

bradqwer

Also what happens to the credit report is it updated in time? Also how long would It take for my credit to return to a average rating