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Full and Final Settlement - clarification needed

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Hi, I have a question about ffs which I may need up my sleeve to prevent a judgement in the near future.


Years ago my ex employers tried to bankrupt me over a company loan for a car, which they had demanded full repayment on when I went on maternity leave:mad:. Their solicitors said before the hearing that they would accept £800 in ffs but I said I couldn't pay it, and ended up paying them a lot more in the end. (Got my revenge though cos took them to the tribunals for sex discrimination - the loan agreement said it was repayable in full on termination of my employment therefore they terminated my employment when I was pregnant lol - didn't win as out of time by six years:), but cost them far more in legal fees defending the case than I had paid them).


After I had turned down the ffs offer someone told me that I should have agreed to it and that I could later have said - OK well I have agreed to pay you £800 but it will be in installments of £50 per month. Does anyone know if you can actually do this with ffs offers? I am hoping our case won't come to that but would be interested to hear people's thoughts.


Nat West Bus Acct £1750 reclaim - WON


LTSB Bus Acct £1650 charges w/o against o/s balance - WON


Halifax Pers Acct £1650 charges taken from benefits - WON




GE Money sec loan - £1900 in charges - settlement agreed

GE Money sec loan - ERC of £2.5K valid for 15 years - on standby

FirstPlus - missold PPI of £20K for friends - WON

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:) Hi GL, how ya doin?


I was reading this thread earlier, http://www.consumeractiongroup.co.uk/forum/debt-collectors-debt-collection/122454-some-interesting-points-debt.html


i don't what you'll think of it. It does mention offering a f & f and then paying in installments.

I'm midway through the tunnel, but getting closer to the light.




Please be aware that i am not an expert in anything!

I may offer an opinion, but the final decision is yours.

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TBH it will depend very much how F&F offers are phrased. If you said to me I can offer you a F&F of $800 paying $50 a month, I would say you can afford to pay me $50 a month full stop and we'll stick with the original balance. In reality I think you will find that you either pay in instalments or raise a lump sum and try to intice them with that.






Please note opinions given by rory32 are offered informally as a lay-person in good faith based on personal experience. For legal advice, you must always consult a registered and insured lawyer.

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