Paying off Debts

in Debt-Free Wannabe
5 replies 291 views
Hi, 

I have been trawling this incredibly helpful forum.

I have debts to the amount of £8400 with Debt recovery agencies and a credit card with a limit of £400 which I am using about 95% thereabouts. 

In terms of going about clearing these - I am considering making a lump sum offer, one creditor has all 3 of the accounts with the sum of the £8400 and so I think I could write to them regarding all three right?

I'm seeing that offers of around 50% are a good idea? I have found a template which can be used and I can post to them when it is complete. 

Appreciate any advice. 

Thanks so much!

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