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Full and Final Settlements

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Hi
I got behind with a couple of credit cards & was offered, without asking, a £17,000 write off on 2 cards with 1 supplier on a debt of £28,000. I went back & got £18,000 written off and interest frozen without too much trouble. I have to pay the lump sum in a few months time, but is this kind of percentage write off (64%) normal?

Comments

  • Teterow
    Teterow Posts: 242 Forumite
    Which cc providers are you with? Wonder if it is worth asking for a write off too?
    Challenges:
    3 NSD per week
  • Kaiz
    Kaiz Posts: 2 Newbie
    Virgin & Alliance & Leicester - both MBNA. Got to be careful though as they told me it would show for 6 years on my credit history, need to ask that your credit reference file shows the account is satisfied in full.
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