Hi all, I'm new to this, and trying to help out a friend who has a debt secured on her house. The settlement figure according to creditor is over 32k and includes early redemption charges - which is still more than the original loan despite the fact that she has paid them over £20k already. My question is - do such companies ever accept full and final settlements for percentages given that they presumably have the option of forcing a house sale to get the full amount (there is equity in the property in this case) If so, what sort of percentage wold be appropriate to offer ? nb) she isn't in arrears as yet - it is simply that her husband has left recently and so she can longer pay and is very worried. Any advice on how best to proceed would be appreciated.

Hi, I'm new to the CAG I'm I am sorting out a similar situation where ocean money have passed a secured loan through to reliance property loans and I want to offer them a lump sum to get rid of the loan. Two questions I'm wondering if the poster had any success with offering them a percentage ? also more generally, whether that approach usually works ? thanks in advance...