We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Full and final offer advice.
Comments
-
I would send them by recorded. Proof that they have received it is what you want.After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110 -
Ooh.....this will be interesting. Please keep us updated.YOUR = belonging to you (your coat); YOU'RE = you are (I hope you're ok)
really....it's not hard to understand :T0 -
Well they are sent off now, so its a waiting game.LBM £18463.32 in debt 10th June 2008,£12470.99 in debt 10th June 2009.:jTime flies like an arrow.
Fruit flies like a banana.
0 -
Is there a time limit for responses to full and final settlement letters? Just wondering how long I give them to respond.LBM £18463.32 in debt 10th June 2008,£12470.99 in debt 10th June 2009.:jTime flies like an arrow.
Fruit flies like a banana.0 -
bumping it upLBM £18463.32 in debt 10th June 2008,£12470.99 in debt 10th June 2009.:jTime flies like an arrow.
Fruit flies like a banana.0 -
whats is the difference between partial settlement and satisfied...
I thought if you went Full and Final it will always be partial satisfied but the rest of debt is unenforcable.0 -
delboypass wrote: »whats is the difference between partial settlement and satisfied...
I thought if you went Full and Final it will always be partial satisfied but the rest of debt is unenforcable.
Ah, now that's what i thought - apparently even though the creditor says "we will not chase the remaining amount" there is nothing stopping them from selling the debt on to another 3rd party - thus resulting in the lovely merry go round starting all over again - do not accept if you are offered this. Opinions are like bottom holes, we all have one 0 -
yes it should be marked ' Satisfied' on your credit statement if you pay full and final..0
-
NUF!!!!ter wrote: »Is there a time limit for responses to full and final settlement letters? Just wondering how long I give them to respond.
Hi, I'm not sure if there is any time limit, from personal experience I sent a letter on 2nd June, still no reply, then sent another reminder last week and as yet still no reply. Might be worth sending a reminder to them, if they don't respond in say 2-3 weeks, but I sure someone with further knowledge will correct me on that. Opinions are like bottom holes, we all have one 0 -
delboypass wrote: »yes it should be marked ' Satisfied' on your credit statement if you pay full and final..
that's providing that they accept Full and Final, some don't though, I think it may depend on who the creditor is. Opinions are like bottom holes, we all have one 0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards