CCJ Full & Final offer

ihavequestions2021

Hi

After losing my business several years ago I had a ccj awarded against me for £3k.
The bailiffs stopped coming around 2 years ago as I didn't have anything of value they could take.

I'm trying to rebuild my life and my brother offered to give me £2k to settle the debt. 

I reached out to the debt collection agency who have the ccj with a full and final offer but they have rejected it and have said they will now reopen my account and restart enforcement actions.

I honestly wish I'd just left it alone, as offering to settle looks like itll start the whole bailiffs nightmare all over again.

A couple of questions:

1. Was I nieve to make the offer? Do collection agencies ever agree a f&f settlement on ccj's? If so, typically at what % level of the debt?

2. I'm assuming there's nothing that can stop the whole bailiffs nightmare from restarting now I've put myself back on their radar? 

Thanks for any advice.

[Deleted User]

Read up on what bailiffs can and cannot do legally and don't have nightmares as they used to say on crimewatch do sleep well lol

Its only a bit of money

fatbelly

ihavequestions2021 said:

1. Was I nieve to make the offer? Do collection agencies ever agree a f&f settlement on ccj's? If so, typically at what % level of the debt?

2. I'm assuming there's nothing that can stop the whole bailiffs nightmare from restarting now I've put myself back on their radar? 

Thanks for any advice.

Companies do accept f&f on ccjs but obviously these tend not to be spectacular deals if the creditor still has enforcement options. The decision maker is the owner of the debt so in this case, if you genuinely have a debt collection agency not a debt buyer, you should make an offer to the debt owner.

Don't go in  with your final offer - leave some room for negotiation. What percentage you can settle at is one of those questions that is hard to answer. 

Any enforcement will involve the creditor putting money up front. As accessing your assets has been tried once and failed, if they were to try they might look at others, such as attachment to earnings, charging order, 3rd party debt order or bankruptcy. Or go for an order to obtain information. Or nothing.

Put the offer in writing to the debt owner.