Full and final offer percentage?

melanie85

Hi

I have 3 debts that are a low amounts 
87.80 intrum
108.13wescott
405.16 capital one

Was thinking Offering 50%.
 Two been sold one to other companies.
I have come in to a little bit of money and wanting advice on how much to offer the companies and how to go about it.
Thanks in advance for your help.
Regards
Mel

John_

Why not start at 100%, and see how that goes?

Abandon

John_ said:

Why not start at 100%, and see how that goes?

Why should (s) he pay the vultures in full?

Offer 10% as a starter and see what happens. 

Karonher

Abandon said:

John_ said:

Why not start at 100%, and see how that goes?

Why should (s) he pay the vultures in full            

Because they have the money to pay the debt off.

Willing2Learn

But this whole site is about saving money.  Why would anyone in their right mind pay more than necessary?

Abandon

Karonher said:

Abandon said:

John_ said:

Why not start at 100%, and see how that goes?

Why should (s) he pay the vultures in full            

Because they have the money to pay the debt off.

Nothing to stop her offering the vultures less though. They can make a business decision whether to accept it or not. Wake up. 

Karonher

Abandon said:

Karonher said:

Abandon said:

John_ said:

Why not start at 100%, and see how that goes?

Why should (s) he pay the vultures in full            

Because they have the money to pay the debt off.

Nothing to stop her offering the vultures less though. They can make a business decision whether to accept it or not. Wake up. 

I don't need to wake up. Someone has the money to pay off their debts and does not want to. Calling the people owed the money names is puerile. Pay your way if you can and get help if you can't.
.

fatbelly

melanie85 said:

Hi

I have 3 debts that are a low amounts 
87.80 intrum
108.13wescott
405.16 capital one

Was thinking Offering 50%.
 Two been sold one to other companies.
I have come in to a little bit of money and wanting advice on how much to offer the companies and how to go about it.
Thanks in advance for your help.
Regards
Mel

There's no harm in trying 50% but the debts are small, capital one is still with the original creditor and the wescot one might be - they might just be acting as collector.

Anyway, try it and see what they say.

Fireflyaway

From experience I doubt capital one will accept 50%. I made an offer to a lender yesterday and they said they would accept 85% but I have had other lenders offer me 60% to settle. Might depend on the size of the debt and how old it is   It's worth a try though, even if you save a small portion. 

ryanm8655

What’s the worst that can happen? They say no...

As above, I’d start with 50% and see what they say.

This is money saving expert after all. Plus an emergency might happen where you suddenly need the cash.