Just Sent off full and finals

morgan2003

Well all letters are in the post just a bit of history on a dmp
paying £115 per month. to 7 creditors total owed is about 30k

Buchanan clarke wells x2
CL finance (Old HSBC debt)
Cahoot
Capital One
Mint
Tesco Personal Finance

Offered them all 30% of value

Anybody had any sucsess with any of these companies been on DMp nearly a year now

Also what happens if say one company accept do i pay them and just carry on DMP with others

cheers

Snaggles

Hiya - I hope they accept and you are able to get them cleared. Not sure about paying one off and not the others, I would check with whoever you have your DMP through to make sure it doesn't invalidate anything, but hopefully you would be able to do that.

littlejaffa

morgan2003 wrote: »

Buchanan clarke wells x2
CL finance (Old HSBC debt)
Cahoot
Capital One
Mint
Tesco Personal Finance

Offered them all 30% of value

Also what happens if say one company accept do i pay them and just carry on DMP with others

It is really really unlikely buchanan clark and wells will accept your 30% mostly their settlement figures are 60-80% but it does depends on who you actually owe the money to, BCW being debt collectors.
If you have the money available to pay that kind of lump sum they will all accept it to bring your debt down (though the credit cards may decline if the money is coming from another credit card) but will keep you on the payment arrangment you already have.
Also i'd say if they refuse, offer the same again, some have a policy of refusing the first payment regardless in the hope of more and can negotiate only on the 2nd offer.
Sorry to bring bad news but BCW really don't do 30% as normal