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Settlement - advice please!


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Hi

 

I have an outstanding debt with a collection agency, originally for a Barclayloan, I got in a mess last year, but I am now trying to clear all debt and clean up my credit report.

 

The amount due is £5000, I was in a position where I could pay some money off, so I offered £2500 to settle the account. They agreed that they would accept £2500 to settle. When I recieved a letter to pay it with, it said £2500 was partial settlement. I emailed and said I had asked to settle it, so where did the partial bit come from, they replied and said they didn't actually say it would be FULL and FINAL settlement, partial just means they wont chase me but it will stay on my credit file until the full amount is cleared. Is this right? As i thought if they agreed to accept it it should go on my file as cleared? And also if it stays on my file is there any point in making the agreement in the first place?

 

Any advice gratefully recieved! Thank you

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no

i would never make an F&F to a dca anyway unless you know they have brought the debt

can you give us a bit of history and have you cca'ed this debt.

 

if not do so.

 

dx

Edited by dx100uk
missed a bit!

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Oh ok, How do I find out if they have? Do I need to contact Barclays for that?

 

No i haven't done anything with it other than try and ignore it while I had no money if I am honest!

 

thank you

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fire off a CCA to the DCA then.

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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I would contact the main creditor directly in writing, and explain what has happened, and inform them you are trying to clear your debt and are willing to clear the debt by way of a possible f & f, and see what the lowest is that they are willing to accept.

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but i would not give anyone any money till they show you the colour of their cca!

 

dx

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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