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maxmycardagain
Posts: 5,843 Forumite
Been helping someone with total debts of £22,000, so £2000 over the maximum debts to qualify for a DRO.
10 creditors from £140 to £6000
this has been going on 18 months and he has been making reduced payments of between £1 and £15 per month
today he rang 3 DCA's ( 1 Barclays debt £1800 the other a barclays debt of £4200)
after an hour both agreed to take 50% of what he owes in full settlement (yes, i know the files will show only partially settled but bot DCA's are putting it writing he wont get chased further by them or Barclays)
So for £3000 he can shave £6000 off his total debts to be in the DRO ball park...or just do the lesser amount really..
He wont pay of course, a generous benefactor 3rd party will..
So try haggling before panicking...
:beer:
Merry Christmas all
10 creditors from £140 to £6000
this has been going on 18 months and he has been making reduced payments of between £1 and £15 per month
today he rang 3 DCA's ( 1 Barclays debt £1800 the other a barclays debt of £4200)
after an hour both agreed to take 50% of what he owes in full settlement (yes, i know the files will show only partially settled but bot DCA's are putting it writing he wont get chased further by them or Barclays)
So for £3000 he can shave £6000 off his total debts to be in the DRO ball park...or just do the lesser amount really..
He wont pay of course, a generous benefactor 3rd party will..
So try haggling before panicking...
:beer:
Merry Christmas all
Now we all know how it felt to play in the band on the Titanic...
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