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Full And Final Settlement Query?
Legacy_user
Posts: 0 Newbie
I had requested a full and final setellement from MBNA for a £3k credit card.
They sent a letter saying:
Further to our recent communication, I can confirm that a payment of £1500 will be accepted in settlement of the above account.
Once payment is received and cleared onto the account, MBNA will register a partal settlement with licensed credit reference agencies and a default will remain registered. However you will not have to repay MBNA the remaining balance.
Now 2 things, I wanted a full and final settlement, but spoke to him and said they can not do that unless 95% or more of the balance is paid, and secondly I wanted the default removed, they said they can not do that but it will show as settled on credit file.
Any advice appreciated?
They sent a letter saying:
Further to our recent communication, I can confirm that a payment of £1500 will be accepted in settlement of the above account.
Once payment is received and cleared onto the account, MBNA will register a partal settlement with licensed credit reference agencies and a default will remain registered. However you will not have to repay MBNA the remaining balance.
Now 2 things, I wanted a full and final settlement, but spoke to him and said they can not do that unless 95% or more of the balance is paid, and secondly I wanted the default removed, they said they can not do that but it will show as settled on credit file.
Any advice appreciated?
0
Comments
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Send them a CCA request and if they cant produce your in a much stronger position to tell them what you want.0
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