DMP partial settlement F&F

sourcrates

Maroisme said:

Just for additional information, of the remaining 8 creditors, all but one have been sold on to third parties, link, pca and moorcroft. The remaining debt is with nationwide whom I’ve read can be hard to negotiate with, some stating they have been told they will only do it through SC. 

All that in mind we are going to proceed with the SC route after confirming we will not be sending any money until we have settlements confirmed in writing. 

Will keep the post updated as we go through. 

Nationwide`s debt collection process does not differ that much from any other high street lender.

They use debt collection companies to chase their bad debts, who have certain discretion to accept settlements.

Otherwise they sell to the likes of Lowell or Cabot etc in line with other banks.

The name of this website is "Moneysaving expert" so we always try to steer you to a strategy to do just that, clearly you want to follow your own path, so I wish you luck with it.