Moorcroft F&F

stu12345_2

yeah , dont let them think you are making a  partial lump sum, and the debt left remaining is still outstanding.


cos there have been cases in debt management companies where the client comes into money asks the debt charity to make big payment offers to the creditors 

they don't have enough to settle all the creditors, so the charity simply sends the big lump sum to the creditors and all it does is drop the balances owed!!

as the charity didn't realise it was full and final settlements the client was offering to their creditors.
it has to be clear the balance goes to zero and won't be sold on.

Thi800

Hi everyone.Moorcroft sent letter to me that Further to your recent communication in respect of the above account,we are writing to confirm we have been in contact with Halifax.We write to confirm we and our client are prepared to accept £1231.17 as partial settlement of your account.Provided that payment is made in accordance with this letter,neither we nor our client will take any further steps in relation to recovery of the remaining balance.(Any record on your credit file will be updated to reflect this).Please anyone help me advise.Is it safe to pay this money to Moorcroft ? Thanks 

stu12345_2

yes, it is, and I  once tried to get a big discount with RBS who use moorcroft, but RBS bank declined.

so id say your are safe to pay it

Thi800

stu12345_2 said:

yes, it is, and I  once tried to get a big discount with RBS who use moorcroft, but RBS bank declined.

so id say your are safe to pay it

Hi .I have read all Money expert forum from years 2013 .Few people have received letter confirmation from Moorcoft same as me but after they paid Partial settlement to Moorcroft ,Halifax chase them for debt remaining so I worry it .Can you give me some advice.I am very appreciate it.

fatbelly

Thi800 said:

Hi everyone.Moorcroft sent letter to me that Further to your recent communication in respect of the above account,we are writing to confirm we have been in contact with Halifax.We write to confirm we and our client are prepared to accept £1231.17 as partial settlement of your account.Provided that payment is made in accordance with this letter,neither we nor our client will take any further steps in relation to recovery of the remaining balance.(Any record on your credit file will be updated to reflect this).Please anyone help me advise.Is it safe to pay this money to Moorcroft ? Thanks 

Is that on the £4130 debt? Sounds a reasonable deal, and you have it in writing

Thi800

fatbelly said:

Thi800 said:

Hi everyone.Moorcroft sent letter to me that Further to your recent communication in respect of the above account,we are writing to confirm we have been in contact with Halifax.We write to confirm we and our client are prepared to accept £1231.17 as partial settlement of your account.Provided that payment is made in accordance with this letter,neither we nor our client will take any further steps in relation to recovery of the remaining balance.(Any record on your credit file will be updated to reflect this).Please anyone help me advise.Is it safe to pay this money to Moorcroft ? Thanks 

Is that on the £4130 debt? Sounds a reasonable deal, and you have it in writing

Yes,I have it in writing.Are you thinking is it safe to pay it now or I need to do something extra on the writing?please let me know. 

fatbelly

Yes, it's fine

sourcrates

Just make certain you keep hold of that letter.

Thi800

fatbelly said:

Yes, it's fine

I have read forum someone received letter offers partial settlement in writing from Moorcroft ,after pay it .Halifax sell remaining debt to other debt collection agency -and chase them .I really worry about it .

sourcrates

Halifax are the creditor, Moorcroft are just the appointed collector.

Moorcroft takes all instruction from Halifax, so if Halifax says its ok, then its ok, and you have it in writing to that effect. This is sufficient evidence to defend any future court claim any 3rd party may bring.

Those who have issues tend to be the ones who did not get agreement in writing, its wise to be cautious, but try not to overthink things.