Should i offer a Full and Final Settlement?

**Amy**

HI

I have a debt from Capital 1 which has now been passed to a DCA. I have paid 2 lots of £50 off of it, and am paying £50 a month off of it.

However, i wondered if it would be worth asking for a full and final settlement.

The amount outstanding is now £683.

I dont want to request a CCA as i know the debt is mine, and to be honest i just want it cleared.

Any ideas?

Thanks

xxx

Broken_hearted

Make an offer the worst they can do is say no.

**Amy**

If i do make an offer what sort of amount should i offer? Is it 30%.

Any template letters going spare? :rotfl:

stapeley

If the debt is yours , but only want to pay part of it , what,s the moral justice in that ?

Broken_hearted

There will be somewhere.
You have two choices ask them what they will accept or make a low offer and see what they come back with. Most will settle for 75%, some 50% and a few 33%, I've never managed to get lower than that.

Broken_hearted

stapeley wrote: »

If the debt is yours , but only want to pay part of it , what the moral justice in that ?

The same place as using CCA requests to avoid paying a debt you know you owe. Why?

**Amy**

Im not really avoiding paying it. I just want to clear it quicker. If they will allow me to do that then why not?

If they wont, i will carry on paying it.

Thanks BH, i will probably write to them and offer a low amount first and see what they come back with.

xxx

fermi

There is a factsheet with a letter here:

Link: Factsheet | Full & Final Settlement offers

**Amy**

Thanks Fermi, you are a star.

x

Broken_hearted

Good luck anything you get off is a bonus so be proud you are clearing your debt.

**Amy**

Thank you BH. I have just done the letter and will send out tomorrow when i have the address details.

:beer: