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Full and final settlement

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Hi. Pls I need some advice on writing a full and final settlement to my creditors for my creditcards. Debt is about £40k across 4 companies and I want to offer about 70% settlement figure.  Is there a template here I can use?

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  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 21 June 2023 at 4:30PM
    Debt-free wannabe board here is a better place to ask.
    I think it makes sense to offer this only after you defaulted on your debt, and not recently. Otherwise it's wasting your and their time.
  • eskbanker
    eskbanker Posts: 36,934 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    thugusher said:
    Hi. Pls I need some advice on writing a full and final settlement to my creditors for my creditcards. Debt is about £40k across 4 companies and I want to offer about 70% settlement figure.  Is there a template here I can use?
    Googling "full final settlement template" brings up pages of template letters....
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