yes i think that will be the case for me. i am trying to be possitive about the partial settlement but not expecting to get the required and requested wording in a letter.

sorry throw my money....i dont have any, someone elses money!

thanks to all for responces but i dont think anyone is listening to me. I WILL NOT PAY A PENNY UNLESS I GET IT IN WRITING THAT MBNA NOR ANY THIRD PARTY WILL NOW OR EVER CHASE THE REMAINING BALANCE. i have previously said twice that i will be on the phone on monday to request this. i am being naive i am not just going to though the money at them.

oh and to put the record straight i am in debt that totals £32k and am currently unemployed.

i am not pro bank........i do not work for mbna! i think its more the case of people wanting to get off scot free and not wanting to pay a penny. i however have a little bit of of self respect and i did spend the money so believe i sounld try and pay a little back. 12k less than what i owe. the person i contacted works for the fraud dept in mbna. i there is no way she would lead me down the garden path. and still people are having a go at me but not 1 person has been able to prove the aftermath of a partial settlement. this i would love to see then this WOULD totaly change my attitude and would not even concider the partial settlement.

my friend, being in a possitinn that is not very nice, i am trying to do what i can to rectify the problem. i posted the message i got, i was not written by me. i personaly dont care what is written on my credit record as long as i wont be persued for the remaining balance. now when you say '(which has proven to be correct)' where is the proof? i have not read 1 post that has had someone chasing them after making a partial settlement. as for people saying no one has ever taken the bait then i think that is rubish. if anyone had had that problem dont you think they would be on here saying so? and as for getting it in writing, i will be on the phone on monday as i said previously to get a letter saying that mbna or no one will persue the remaining balance.

ok, an update. i dont know why i didnt think of this before! my best mates sister works in chester mbna so i contacted her. this is the reply i had: I have checked with my friend who used to work in the customer assistance department and she has said it will be a final settlement. It is called partial because you are only paying off part of the debt and not all of it. Rather than MBNA having to write off the whole debt-they will agree to settle for part of it as some recovered money is better than none. I presume you have had to do an income expenditure form etc for them to work out a figure to offer you. Once the settlement has been agreed they won't chase you for more money or sell the rest on. It is not worth their while selling debts on as they only get like 10p back for every pound or something stupid- the debt collectors get all the money you see. So better for them to claw back as much as poss from you in an agreement rather than sell on. (hope this makes sense?) It will register on your credit file as default but also partial settlement-which still looks better than the debt being sold.

no its not a dd from my bank account. well got the letter today......was mighty quick!!!only requested it yesterday afternoon!!!! and drum roll..........not good enough!!! no need to post it up i know already!! so back on the dog and bone on monday morning!

yes did that in december. they froze the interest and took the £1 monthly payment. i have not been paying for 7 months now. i didnt request the settlement.

my monthly payment is at the end of the month,if not paid it will be sold on. can i put them off requesting cca?

just saw these...... had a Short Settlement with MBNA a few years back. They settled around £5k on a CC debt of £12k and the letter stated that they wouldn't take any further action to recover, and they haven't - yet. I'm sure they won't as it seems likely that any action to recover after such a letter would be viewed dimly by a judge. They also said they would register it as a partial settlement on my CRF, but as they had the wrong address it didn't matter and I've subsequently obtained further credit - and screwed it up again. my sister recently did a short settlement with MBNA, but she insisted on written confirmation first that her credit file would not show any outstanding amount and that she would not be pursued for the remaining debt at any time in the future. She had to ask them several times for the letter but stuck to her guns and didnt send them a penny till she received it. So be cautious as the others have said, and absolutely definitely do not send them any money until you have proper written confirmation that the balance will be written off and that it will show as settled on your credit file. Most importantly, you have to tell them that the money is being paid by a 3rd party.

*i am now waiting for the letter of conformation. i was told time and time again on the phone that the account would be closed and neither mbna or and dca would chase the balance...the acount would be satisfied and closed. should i in future try to record my conversations?????

well the best thing is to wait and see the letter i get. but i am yet to find any posts that have had problems after. if anyone has read anything please post

also i would never beleive that a company would write off the account as full and final when they have only had 25% back?? has this ever happened to anyone?

i am just trying to do whats best. i am in a hole that i want to get out of. maybe i am trying too hard to be possitive. but i would like to see some feedback from someone who has done the partial settlement to see what happens after. dont you think that is a good idea? have you read any posts regarding the above. i much appriciate your help. dont get annoyed with me!

yes i had read that befor. but there doesnt seem to be any posts of people experienceing problems after paying the partial settlement, well i cant find any. so it makes me think that it my be ok. surely if someone had paid the partial settlement then got chased for the balance after they would be straight on here saying so? dont you think?

when i get the letter i will pop it on. is there any posts on here that have accepted the partial settlement and had problems after. i cant find any? the way i see it is that obviously they wont mark it as full and final because its NOT full and nowhere near. but as long as the remaining debt wont be chased then its fine. i wouldnt expect them to mark the account as being 100% paid and making my credit rating good again.

hi i am in the same possition. but am getting confused with all the posts on here saying not to accept the partial payment. but i am thinking its ok. have been told on the phone that if its paid the account will be closed and they nor anyone will chase you for the ballance. but yes it does seem as if you have to pay the monthly amount to keep it alive.

hi, phoned up today, was talking for ages and they said it would be marked as partial settlement satisfied and told me 100% that this would be the end of the account and not them or anyone would chase me for the balance. i have asked for it in writing. it does seem ok to me. i am not bothered about it saying partial settlement satisfied on my credit record as long as that is the end of the account.

ok cool i think i will call them and say that no payment will be made unless i get a singed letter saying its f&f and wont be passed on to a third party for the rest of the ballance. if they cant do that they i will do the cca request. i cant remember when i got the card but it must be at least 8 years ago. i am so gutted today! i though things were looking good, then i decided to have a look on this website. BUT ITS JUST AS WELL I DID.

so should i call them up and tell them i have done some research in how they deal and tell them to stick it up their a***? and say i am going to request the cca?

hi, no i didnt know about it untill today! but wont thas **** them off, and then take any settlement offer away?

mmmmmmmmm. thats not good then, there is no point in me getting into futher debt with a family member if they are still going to chase for the full amount. i might as well just let the sell it to a dca then eh?

i was sent a letter from mbna offering a partial settlement.saying: call and discuss the possibiliy of settling your account with a payment of £5,945. if accepted the account would register as a partial settlement; however we would not take any action to recover this amount. so concidering i owe £17k i thought i would ring up. so to cut the story shorter, by the end of the conversation they said i could get away with paying £4200. i must pay £360 at the end of this month then the same next month. then the following month i need to pay the outstanding balance of 4200-the 2 payments. so i was very happy with this untill today reading this forum! people on here are saying if the account is recorded as partial payment the amount left not payed can be chased from me by debt collection agencies. i was obviously thinking if i made these payment nothing more would be payable to anyone, i.e finished closed done! is this true? i would much appreciate all input as i need to know what to do about the first payment i need to do very soon. many thanks