Full & Final Settlement Rejection Help
Financialhelp
Posts: 3 Newbie
in Loans
Hi,
I have made offers to all 4 of my creditors, one I am hopeful on, the other 2 I’m waiting for a response and the final one have rejected my offer and counter offered. However, their counter offer is unfortunately way out of my reach.
Where do I go from here with my response?
Thank you!
I have made offers to all 4 of my creditors, one I am hopeful on, the other 2 I’m waiting for a response and the final one have rejected my offer and counter offered. However, their counter offer is unfortunately way out of my reach.
Where do I go from here with my response?
Thank you!
0
Comments
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You make a counter offer or you just continue paying.
You've not said anything about your circumstances, or whether a DMP, IVA, bankruptcy are on the horizon.0 -
0
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Thanks for your response.
Unfortunately, none of the options you have mentioned are viable.
All of my loans are in default and I haven’t made any payments in 6+ months. The particular loan I am referring to is now with a 3rd party.
I wasn’t sure whether to go back with my original offer or is a slight increase better?
Thanks again.0 -
Maybe get in contact with a debt charity, step change or others and see if a DMP or IVA are a good pay to start to tackle the debts.0
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