Link Financial - Full & Final Settlements

RAS

Freeatlast said:

bcs7 said:

Freeatlast said:

Ive just received 2 offers from them for 25% reduction last month on 2 different debts. Thanks but no thanks, I'll keep waiting.

Are these large amounts, as in many thousands owed?

8k and 9k approx. So fairly substantial amounts.

The other part of the query is how much are you paying towards the debt each month?

Freeatlast

RAS said:

Freeatlast said:

bcs7 said:

Freeatlast said:

Ive just received 2 offers from them for 25% reduction last month on 2 different debts. Thanks but no thanks, I'll keep waiting.

Are these large amounts, as in many thousands owed?

8k and 9k approx. So fairly substantial amounts.

The other part of the query is how much are you paying towards the debt each month?

I think that was to the OP? I'd already said in an earlier post im paying nothing, haven't paid anything since before they defaulted, and have had no contact with them, they sent me offers out of the blue by e-mail. But im holding out for a much lower reduction or statute barred if possible. Let's see how it works out.

tigergambit

bcs7 said:

Freeatlast said:

Ive just received 2 offers from them for 25% reduction last month on 2 different debts. Thanks but no thanks, I'll keep waiting.

Are these large amounts, as in many thousands owed?

Just trying to gauge if there's any rhyme or reason to the way they offer.
I have 2 that are only 10% reduction but they are vastly different in size, one is £1K and the other is £16.5K.
Then 40% on £10K, 55% on £1.5K and 77% on £4.6K.

77% off is not a bad offer. If you have the cash it may be worthwhile saying to Link that you will accept this providing they offer similar discount on your other debts. You can always walk away if they refuse.

bcs7

tigergambit said:

77% off is not a bad offer. If you have the cash it may be worthwhile saying to Link that you will accept this providing they offer similar discount on your other debts. You can always walk away if they refuse.

I actually messed up that post. It's actually 77% of the debt they want, not 77% off.
Offers I've received are below:

Debt - % To pay
£770 - 40% (£308) - I've agreed this and now just have 1 last payment next month for it to be paid off.
£1200 - 90% (£1080) - a pretty poor discount, I assume because it was an overdraft and couldn't be CCAed.
£1600 - 55% (£880) - not bad but don't have the money yet, and would like it to be closer to 40%.
£4600 - 77% (£3542) - don't have enough to pay yet, and looking for below 50% anyway.
£9800 - 60% (£5880) - don't have enough to pay yet, and looking for below 50% anyway.
£16600 - 90% (£14940) - another awful discount, don't have enough to pay yet, looking for below 50% anyway.

bcs7

Freeatlast said:

RAS said:

The other part of the query is how much are you paying towards the debt each month?

I think that was to the OP? 

Yes, it was from me (OP) to Jakdaniels.