yipee just saved £407 !!

louserendipity

hi i asked for some advice a while ago about full and final settlements

i just phoned capital one and they will reduce my £1107 debt to £700 providing i pay in 28 days which i can just manage by frantically saving and not spending much on xmas !!!

:T :T i am chuffed to bits as it just leaves the one cc after that which is £1980 and i'm paying £25 a month interest free at the mo.

sorry had to share !!

mrsspendalot

Just make sure you get it in writing that it is in full and final settlement .... well done!

**Amy**

Oh wow congratulations thats brilliant news. :j :T

Well done you. £407 is a lot of money to save, and if it means you being debt free quicker thats even better!

xxx

louserendipity

thanks
mrsspendalot - the man did say he was sending a letter and i took his name - will not pay anything til i get the letter though - just in case !

mrsspendalot

I am hoping to full and final settle our last 2 debts this year, fingers crossed i have the same success! It must feel great!

mummum2

That's great news, well done.:T :T

louserendipity

mrsspendalot wrote: »

I am hoping to full and final settle our last 2 debts this year, fingers crossed i have the same success! It must feel great!

it sure does !!
however i feel that they can justify these huge reductions due to their massive fees and charges -my £407 is a p*ss in the ocean to them but a small fortune to me !:rotfl:

louserendipity

glastowinebar wrote: »

nice one...that beats my saving by paying 9p for shower gel at ASDA

9p ??????????????????

I WANT SOME !!!!

bexxie90

How does this work? Do you have to be finacially struggling to make/miss payments. Only I owe MBNA £1300 would they reduce if I offered a payment in full of a lesser amount?

Sorry if hijacking

Bex.x

louserendipity

bexxie90 wrote: »

How does this work? Do you have to be finacially struggling to make/miss payments. Only I owe MBNA £1300 would they reduce if I offered a payment in full of a lesser amount?

Sorry if hijacking

Bex.x

hi bex
for me , my ex ran up the debt then left (long story)
so from november 2006 i was paying them £1 a month and they froze all interest and charges. recently,i started p/t work so was paying £10.50 a week. i have been saving hard and my dad helped me clear another debt ,so have had more money saved .
if you genuinely can't meet your minimum payments (you'll need proof)
they can be helpful as they know they can't get blood out of a stone.
hope this helps hun xx