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Moorcroft settlement

LLL24 · 2019-03-10 21:59:00

Hi All I am new to this and need some advice. I owe Moorcroft £3200 and I am coming into some money later this month. I wish to offer a settlement and have already contacted them, and was advised to ring them, give my offer, reason for offer and they would check with Santander. I was under the impression Santander sold the…

Comments

sourcrates Posts: 32,219 Ambassador

22 March 2019 at 6:08PM

LLL24 wrote: »

Thanks Fatbelly.

I don't want to do a financial statement as I earn alot more money than I did when this went South, and I can deffo afford to pay more. I have just been drip feeding it, but until its settled it shows as a default on my credit report.

Ive noticed people talking about 'falling off the credit report'. Is there a time when this will happen, if I keep paying a small nominal amount?

Your financial statement, for the purpose of settling this account, does not need to be, err, how can I put this, 100% accurate.

You can make it say whatever you want it to say, the entire purpose of the exercise is to make your offer look appealing to their client, no more, no less.

I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter
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