Full and Final Advice

batchy2005

Hi All

I have a defaulted account from April 2016 where I have been making payments towards to Debt Managers who own the account from Tesco Loan. I have confirmed that they hold the original CCA and Tesco have signed it all over to them. I have only been paying £20 a month for two years on it and owe £14000. Due to family bereavement I have been gifted some money £6000 in total and was considering making a full and final offer.

Firstly has anyone had any dealings making offers to debt managers and what percentage they have taken. 
I don't have any other defaulted accounts and have never missed a payment since on any other credit so just want this gone.

I know it will disappear from my file next April so not sure the best approach. Any advice i would appreciate Thank you

fatbelly

Whether you want to continue to pay £20 or part with a lump sum depends on what deal they are offering.

Try using the national debtline standard letter and start with a low offer - say £3500

batchy2005

Thanks for the advice. I sent a letter from national debt line and offered 3000. They responded and said they would only accept 11203.82 from 14004.78 and the 3000 would be taken as a lump sum towards it. I have 6000 to offer total they seem to not want to negotiate. Does anyone have any ideas what I should do next. I only pay 20 a month as money is tight. I will try and upload the letter thank you

batchy2005

Front page letter

batchy2005

Last page letter

fatbelly

So they're offering to settle at 80%.

You suggested 22% or something like that. That's a big gap. Maybe give it a few months and try again with a slightly higher offer