Debts written off?

Cheesephetamine

I’m looking for inspiration and positive stories. Have you ever had any luck having debts written off or do you know of any cases that have?? Please tell me about it!

Wescot, who are managing my biggest debt (NatWest personal loan of 14K) has asked me for a lot of paperwork to support my write off request and I have been able to provide all of it (mainly regarding mental health) and while I wait for the outcome I just need cheering up a bit. Thanks 

Mumoffourkids

I haven’t had any debts written off but NatWest who I had two debts with actually wrote me a letter saying they had made the decision to not comercially chase me for my debts. They stayed on my credit file for six years after the default date but I didn’t pay them off. They said I could pay them if I wanted to, but they wouldn’t chase me for them.

Cheesephetamine

I see! Did you ask them for a write off? Were you paying token payments at all or not?

sourcrates

My brother had various credit products, cards/loans etc.

He suffered a stroke a couple of years ago which resulted in him being moved to full time care, obviously couldn't work, or understand he had bills to pay etc. 

Myself, acting under a POA, wrote to all his creditors, explaining the situation, and provided medical reports etc, managed to get 3 credit cards, two loans, and various other small debts written off completely.

They had no hope of ever getting any further payment, so commercially, it was the right thing to do.

Cheesephetamine

I am sorry to hear that your brother went through that but it is good that at least that is one less worry for him and the family. I hope is he doing ok

sourcrates

I know your wanting to hear of successful cases of write offs to boost your confidence here, but after what you have told us in previous posts, I think you have a very good chance of this happening, if you don`t get write off`s, you should get a conformation that these debts won`t be chased.

Contrary to popular belief, most creditors will write off a debt if there is no realistic hope of repayment, due to whatever issues you may be having, it may not happen straight away, but it will happen if you persevere.

Cheesephetamine

I will accept whatever cession my creditors take as the only thing I can do is provide them with the evidence I have and hope for the best. 

Mumoffourkids

Cheesephetamine said:

I see! Did you ask them for a write off? Were you paying token payments at all or not?

I didn’t ask them for a write off and I wasn’t paying anything at the time. I had written to a different company as I thought they were holding my debt as NatWest had passed the debt onto them. However, the debt had then been passed back to NatWest. What I wrote was I was in the process of sorting out my debts and wanted to get an up to date balance and details before I worked out a repayment schedule. They then replied with the latter about not commercially chasing the debts. 

peteuk

No write off stories here! 

But I would like to say well done on reducing you debt so far. £38K to £20K in three years is good going.   Here’s hoping for some good news soon.

Cheesephetamine

Thank you. I did get one of my debts written off last week and another one's interests written off so i only have to pay off the original debt not the interests, all my other creditors havent said no just yet so i keep my fingers crossed

Terrifiedindebt03

Newbie here, struggling with huge debt due to severe mental illness- cptsd, mdd and acute anxiety, have suffered for over 15 years. AdviceNi have been helping me having been in crisis due to debt pressure.
I have always paid min payment at least but through illness it was becoming impossible as I can't work, 
Councillor has advised asking for write off they have mental form and 9 years of psychosis letters of diagnosis meds but the anxiety of it all is causing flashbacks and suicidal thoughts . I'm just looking for anyone who has had success if write off requests.
Please be kind my mental health is very fragile