Should i offer a Full and Final Settlement?

mummum2

moneymabel wrote: »

Took the words right out of my mouth!

Not to add more 'fuel to the fire', but I also agree with both statements.

MM2

Diana_Prince

Hi sorry if I'm being a bit thick(!) but can I make offers to debt collection agencies (eg: eversheds/ARC)? I know that they sometimes offer me a 25% reduction if I paid in full but wasn't sure if I could make a lower offer?? Thanks!

**Amy**

Hi Diana

Thats basically what i wanted to know, and you can offer them whatever you want, whether they agree to it is the thing.

Normally your first offer should be around 30%. They more than likely wont settle at this (i dont know anyone who has managed to get it that low). They will probably make an offer, if they dont maybe go up to 50%. See how you get on.

Its worth trying, you never know.

x

Diana_Prince

Kool thanks! I will definately give it a go!!

Whats the lowest % someones got?! just out of interest!!

stapeley

I admit I have several thousands of pounds owing to credit companies . These debts were built up at a time when I was under great mental strain ,having split up from my wife and daughter .I lost control , drinking heavily. I was allowed several lines of credit. I was bombarded with offers of c/cards and loans etc . Even when arranging for insurance ,I was offered a loan . They made it sound such a good offer . Everything was done on the phone ,easy peessy , no real credit checks ! The cheque was even delivered by a courier , I can not remember ever signing a CONSUMER CREDIT AGREEMENT . You can guess what happened after only a few months .
Well that was 5 years ago . My life has been turned around , new wife and a absolutely butiful little girl . But I had run away from the debt problem . They finally caught up with me , but I am unable to pay off the debt . So I am using the fact that I was unwisely given a amount of money , without correct procedures being followed , that is NO SIGN CREDIT AGREEMENT . To challenge the enforceability of an agreement and to GET OUT OF PAYING ! Murderers ,rapists, fraudsters get away with it on technicalities , so I reserve the right to do the same !

Sammy_Girl

This seems to be quite a hot topic. Personally I am with Amy. I know that I racked up these debts, therefore my moral conscience tells me to pay them off. We are all of sound mind when we agree to take the credit card/loan, and we all spent the money. No one forced us to take the debt, we knew the risks involved. Unfortunately debt catches up with you as we all know, and I am now focused on paying the debt off.

**Amy**

Stapley

I am not saying that you have intentionally tried to get out of paying your debt back. In fact i said:

I am not saying that everyone who asks for their CCA is doing this, nor am i saying that you yourself have done/are doing/ are inciting people to do this.

I am sure there are circumstances (like yours) that are genuine and you did not have a CCA, in which case the debt is deemed as "void".

However, having run up debts myself when under stress and strain, i still feel obliged to pay back at least some of the money I used (for whatever reason, under whatever circumstances) as i did take the money. Whether i sigend a CCA or not (in fact i KNOW i did sign a CCA for my debt - again the reason i dont want to request one as deep down i KNOW i signed one)

Your circumstances are different to mine. You DID NOT sign a CCA, i did.

That is a rather big difference.

x