Full and final settlement help thread

It never rains but it pours! Apparently my local council has been notified that I now have the money. I phoned said council today who said that the fact I can't even bank the cheque yet, doesn't matter. As far as they are concerned I have the funds therefore my HB and care package need to be paid for in full. I don't even get to try and negotiate with my creditors. If I don't pay the full amount now, I won't have the money when any settlement is agreed. I know that if I have the money I should pay, but what about time to pay off my creditors before the money is gone?
I'll try the CAB tomorrow, but apparently there is a 6week wait for an appointment. Local council will have spent most of what little I've got.
Oh and I can't bank the cheque because I'm with cahoot and I'm waiting for a pay in book to arrive.

sickasachip13 wrote: »

Hi,

I made a settlement offer to Moorgate - I did an online message to them and then spoke to them by phone and asked for their decision by letter - and they've knocked me back. I offered £1800 on a £4800 debt (originally it was an £8k debt) but rather than coming back with a counter offer, they just said no. Has anyone negotiated with them successfully after just getting a 'no'?

Cheers SAAC

How much you paying a month?

They wouldn't entertain a settlement from me til I stopped paying and they passed the account to Wescott to collect. Then got a 25% discount.

Passed to Wescott within a couple of months.

They never really sent me anything after stopping paying.

I'd CCAd them a few times, a few complaints about threatening to send someone round. That was before stopping paying.

They don't gave my phone number...

HB

Robster100 wrote: »

Hello, not sure if I am posting correctly but here goes............!
I currently have gad to close my business, due to several different reasons, including 2 of my customers going into liquidation.
I currently have been burying my head in the sand but now feel ready to start making things right.
I have several supplier debts, ranging from £300 to £ 5000 totalling around £11,000 and Barclays loan £3500 and a business overdraft of £6000. In total around £25000.
Some of the suppliers gave passed the debt onto a collection agency, I am a skilled negotiator so attempting to offer the 0.05p in the pound, do you think it's too low an offer to settle?

Was the business limited or sole trader?

Sorry to jump in.....using the national debt helpline letter it suggests you insert a liitle piece to explain how you got the money etc

is there a tried and tested better way to word this.....or does the company look at the figure and say yes/no regardless of your blah