PRA Group

zoec35

Hi  I have a barclaycard debt with PRA group which has been going snce 18/02/2020 with them prior to this i had an agreement with Barclaycard for about 9 months where i paid an agreed monthly payment with interest frozen-£56 per month i have been paying every month since then and i have been lucky enough to have been offered £2000 to help me, which i have offered to PRA group several times in full and final settlement which they always refuse the amount owing now is £6460.30 and they have come back to me and said they will accept £5800 as full and final which i clearly dont have - is there any push back for me to keep offering them this amount or should i just not bother and keep paying this payment which means i ahve 117 months left to pay this off totally 

Grumpelstiltskin

Stop paying and try a settlement at a low figure 20% ? in a few months.

ADD Have you ever requested a CCA? If not do it now and if they can't provide a valid one you can just stop paying all together.

RAS

PRA are the least likely to offer discounted settlements. Whereas we regularly see other debt collectors accepting 15-50%, it's rare for PRA to go below 70% and it's more likely to be 90-95%.

Also, do not offer PRA a settlement. They'd rather you take 10 years to pay it off than accept a low settlement.

This debt is showing as a default, isn't it? And can you afford the £56?

Freeatlast

RAS said:

PRA are the least likely to offer discounted settlements. Whereas we regularly see other debt collectors accepting 15-50%, it's rare for PRA to go below 70% and it's more likely to be 90-95%.

Also, do not offer PRA a settlement. They'd rather you take 10 years to pay it off than accept a low settlement.

This debt is showing as a default, isn't it? And can you afford the £56?

I never contacted PRA about my Barclaycard debt, they contacted me a few months after they took over my account and offered a 50% reduction. They then dropped this offer to 25% right before they obtained a CCJ.

RAS

Freeatlast said:

RAS said:

PRA are the least likely to offer discounted settlements. Whereas we regularly see other debt collectors accepting 15-50%, it's rare for PRA to go below 70% and it's more likely to be 90-95%.

Also, do not offer PRA a settlement. They'd rather you take 10 years to pay it off than accept a low settlement.

This debt is showing as a default, isn't it? And can you afford the £56?

I never contacted PRA about my Barclaycard debt, they contacted me a few months after they took over my account and offered a 50% reduction. They then dropped this offer to 25% right before they obtained a CCJ.

Great but you are an exception. This is only the second time I've seen reports of a settlement at 50% or lower.

freshstart2023

I requested the CCA from PRA for my barclaycard nearly 2 years ago…still waiting and haven’t paid anything yet, might be worth a shot 

sourcrates

Freeatlast said:

 They then dropped this offer to 25% right before they obtained a CCJ.

No good doing a CCA request now if they have a judgement against you.

Once legal action has been taken, all bets are off, section 77 no longer applies as they do not have to respond to it.

Freeatlast

sourcrates said:

Freeatlast said:

 They then dropped this offer to 25% right before they obtained a CCJ.

No good doing a CCA request now if they have a judgement against you.

Once legal action has been taken, all bets are off, section 77 no longer applies as they do not have to respond to it.

No intention of requesting a CCA from PRA or egaging them in any way for that matter, not sure where you thought i suggested this? just sharing my experience with the OP regarding reductions.

sourcrates

Freeatlast said:

sourcrates said:

Freeatlast said:

 They then dropped this offer to 25% right before they obtained a CCJ.

No good doing a CCA request now if they have a judgement against you.

Once legal action has been taken, all bets are off, section 77 no longer applies as they do not have to respond to it.

No intention of requesting a CCA from PRA or egaging them in any way for that matter, not sure where you thought i suggested this? just sharing my experience with the OP regarding reductions.

Mistook you for the OP.