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Advice needed on full and final settlement offer please
Comments
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Not yet, I was weighing up my financial situation to ensure I was in a position to make an offer that they might consider.Grumpelstiltskin said:Going back to what I said earlier, have you checked it is enforceable?0 -
If they can't prove it's enforceable you can stop paying it, no need to make any offersIf you go down to the woods today you better not go alone.1
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An update on my settlement offer and some more advice needed pls.
I made a counter offer of 25% and explained it was all I could afford. I did not request a CCA as the debt is not that old and I think they probably have it.
They have now requested proof of my financial situation. Bank Statements, Mortgage statements, income & expenditure, all assets, pensions car etc. They are in receipt of a recent income & expenditure statement which I completed with Stepchange. I am very uncomfortable with all the scrutiny although I understand why they do it. I am not willing to provide all this information. I have never missed a payment with them and would rather just proceed on my payment plan until my situation improves. Should I let them know this or just ignore the letter and keep paying on my plan? Sort of wish I had never responded to the offer they sent me as I’m finding it all very stressful.
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Yes its all to do with affordability and making sure you are not borrowing the money off boyce down the market or anything like that.
Carry on with your payments for now, don`t respond further to the letter.
In the future, send a CCA request first before even thinking about making any new settlement offer.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
Thank you very much Sourcrates. If they come back to me in the future with another offer I will do that first. I will park it all for now.sourcrates said:Yes its all to do with affordability and making sure you are not borrowing the money off boyce down the market or anything like that.
Carry on with your payments for now, don`t respond further to the letter.
In the future, send a CCA request first before even thinking about making any new settlement offer.0
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