DCA's accepting an offer

robt_2

In peoples experience what kind of offer to DCA's accept as a final offer, if at all?

Any rules of thumb, for example a percentage of what is owed?

How would you go about it - get a letter from them confirming it etc?

ciarasdreams

robt wrote: »

In peoples experience what kind of offer to DCA's accept as a final offer, if at all?

Any rules of thumb, for example a percentage of what is owed?

How would you go about it - get a letter from them confirming it etc?

In my experience most are willing to accept 75% minimum to write a debt off as a full and final settlement but I have read many threads from those who are much better at haggling than I am and they have managed to get much better settlement figures than I was ever brave enough to ask for.

fermi

robt wrote: »

In peoples experience what kind of offer to DCA's accept as a final offer, if at all?

Any rules of thumb, for example a percentage of what is owed?

How would you go about it - get a letter from them confirming it etc?

You must get a letter from them confirming the offer of a FULL & FINAL SETTLEMENT. Nothing else will do.

In addition you must also get agreement that your Credit Reference Files will be marked to indicate that the debt/account is SATISFIED with a £0 remaining balance.

There is info about making Full & Final Settlements here:

http://www.nationaldebtline.co.uk/england_wales/factsheet.php?page=24_full_and_final_settlement_offers