We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Early settlement
Options
Hi there, I recently contacted PRA Group with whom I have an old Lloyd’s Debt which now stands at £1050. It was around £3500. I am paying them £20 per month. I have had this debt for many years.
I recently asked for an early settlement figure as I have inherited some money and want to clear my debts.
The figure they gave for early settlement is £1030. That is the best they can do.
I recently asked for an early settlement figure as I have inherited some money and want to clear my debts.
The figure they gave for early settlement is £1030. That is the best they can do.
I am surprised as thought it would be atleast 50% of the debt.
what can I do to get them to reduce this figure because at the moment they say that’s the best they can do which seems crazy.
Thanks.
what can I do to get them to reduce this figure because at the moment they say that’s the best they can do which seems crazy.
Thanks.
0
Comments
-
They are getting regular payments towards your debt So would assume no inclination to knock a great deal off.
You can always counter offer. With what you think reasonable?
Perhaps asking for your post to be moved to the Loans or Debt board rather than posting in spotted a local bargain board may get more advice?The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon1 -
Thanks Hasbeen, moved to Loans thread.I will contact them tomorrow and see if they will accept a counter off ..0
-
*offer ...!0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599K Mortgages, Homes & Bills
- 177K Life & Family
- 257.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards