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how to offer full and final offers?
pinkisgreat1984
Posts: 11 Forumite
My circumstances aren't likely to change in the forseeable future and was thinking of offerng full and final offers to my creditors- I have 8 creditors and owe around 8,500.
I was thinking of offering around 50 pounds per creditor, I really can't afford anymore, I called 6 companies,no-one will accept me into a DMP as my food budget is too low and I have nothing for essentials such as clothes
. I'm not in any mortgage or rent arears (shared ownership property) yet
I was thinking of offering around 50 pounds per creditor, I really can't afford anymore, I called 6 companies,no-one will accept me into a DMP as my food budget is too low and I have nothing for essentials such as clothes
. I'm not in any mortgage or rent arears (shared ownership property) yet 0
Comments
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I would try lower first, say 30% and go from there.
Good luck xEmpty pockets never held anyone back, only empty heads and empty hearts can do that -Peale0 -
Is it full and final settlements you are offerring or trying to get into a DMP?
Is the money for the F&F's borrowed?
Did you try to do a DMP with one of the free debt charities?
If you post up a statement of affairs (SOA) we may get a better idea of where your finances are and a possible solution.
http://www.makesenseofcards.com/soacalc.htmlAfter 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
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