on a dmp want to offer full and finals

morgan2003

hiya

just a quick bit of advice

on a dmp for just over 12 months my parents have offered me some money so i am going to offer f&f to all of my creditors they are

Buchanan clarke wells 2 debts £8000 & £2000
cl finance passed from HSBC £13000
Mint £1900
Tesco Credit Card £2300
Cahoot £4000

I am going to write and offer them all 30%

as anyone else offered these companies Full and finals before and how have they got on

Im currently paying £115.00 per month spread between the 6 debts

morgan2003

anybody just looking for a bit of advice

Runnybabbit

Hi Morgan, I've started offering my F&F settlement offers at 30%. Most have said no :mad: , so I've gone up to 50% now - but that's it. I'm waiting to hear from a few so will let you know how I get on. Just a word of warning though, NEVER accept a Partial Settlement as they CAN and WILL come back for the rest at a later date :eek: - good luck, and hope it all goes well for you. Babbit

morgan2003

cheers for the reply what would happen if say a few of the companies accepted the f&f being on a dmp, would i be able to settle with those do you know

Runnybabbit

morgan2003 wrote: »

cheers for the reply what would happen if say a few of the companies accepted the f&f being on a dmp, would i be able to settle with those do you know

This Morgan, i can't answer for you - all you can do is try - expect a long drawn out negotiation though, I've been waiting 3 weeks for a reply from HSBC!

GeorgeUK

As long as you have made the same offer to all parties, it shouldn't be a problem. The main idea of a DMP is that all your creditors are treated equally so there shouldn't be any contention here. For those that don't agree, you may need to adjust the monthly amount you are paying to them to take into account those that have settled, but i'd hold off on that until you have recoupped the amount spent on the F&F's

Merlot

Enjoyshoes, what an earth are you doing..I have reported you again, you are a troll and please leave the debt free board, people come here for real help, you are a waster, and please remove the link from your signature.

Merlot.x.

Broken_hearted

I'd keep the offers low and wait for the credit crunch to kick in, then the banks will be more willing to settle.

Numpty_Monkey

Merlot wrote: »

Enjoyshoes, what an earth are you doing..I have reported you again, you are a troll and please leave the debt free board, people come here for real help, you are a waster, and please remove the link from your signature.

Merlot.x.

I have also reported Enjoyshoes