Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

    DRO Revoked & wondering if Full & Final is an option
    • #1
    • 23rd Feb 13, 4:25 PM
    DRO Revoked & wondering if Full & Final is an option 23rd Feb 13 at 4:25 PM
    Long story short, had a DRO, which is now revoked due to receiving a PPI refund. I owe 4k on a credit card which is what the DRO was for but obviously am now left with the debt again. I have 1200 I can use towards the debt. Can I offer it to the bank as a full and final payment to settle the debt or does the debt have to be passed on to a debt collector first?
    If I can make an offer to the bank, how do i go about doing it?
Page 1
    • fatbelly
    • By fatbelly 23rd Feb 13, 6:50 PM
    • 12,174 Posts
    • 9,205 Thanks
    • #2
    • 23rd Feb 13, 6:50 PM
    • #2
    • 23rd Feb 13, 6:50 PM
    Shame. You could have let the morotorium period expire and then reclaim ppi.

    Wait until the creditor (or their agent or whoever they sold the debt to) contacts you.

    Then consider an offer using this factsheet

    Factsheet | Full & Final Settlement offers

    Keep your money somewhere safe till then - maybe an ISA if you can get one.
  • lianse
    • #3
    • 24th Feb 13, 9:43 PM
    • #3
    • 24th Feb 13, 9:43 PM
    Thank you for the advice
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,346Posts Today

7,733Users online

Martin's Twitter
  • Facebook today admitted in parliament that after it heard of my defamation lawsuit against it for 50 fake scam ads?

  • RT @jamiesusskind: After more than 10 years, and with such sadness, I am leaving Labour. I'm doing it for the same reason that I joined: be?

  • RT @Deeangelique_: I suggested @MartinSLewis get 'I Don't Do Ads' tattooed to his forehead yesterday. Today he posted this. I gave Martin L?

  • Follow Martin