Early Repayment Question

kessik

Not quite a loan question but many years ago my husband and I owned a company that went under owing an £18000 guarantee to Nat West Bank (it was our agreed overdraft). I have paid back £100 a month since then. The £100 is paid to a company called Drydens and only one payment has ever been missed, that was years ago. Twice during this time Drydens have told us that Nat West will accept a lower repayment fee but both times we've offered what we thought was a reasonable account they turned us down. We now owe £2200 and would like to offer a figure for settlement. Does anyone know if there is some kind of formula that I can use to work out how much to offer? Like an industry standard? I don't want to offer over the odds but I also don't want to offer too little and be knocked back again. Part of me thinks that I've come this far, why not stick it out to the bitter end and have the satisfaction of knowing they've had every single penny back but on the other hand I just want it off my back now. Would it be any use writing to them and asking exactly how much they think Nat West will accept? I feel sure Drydens will want to get the very maximum they can.
Thanks in advance folks

ManyWays

This is pretty late to be making a settlement offer as they now have to wait less than 2 years to be repaid in full, so I would be surprised if they accept less than 75%