Txtloan/Equidebt advice needed

[debtfreeformeplease]

Hi there - down to 2 remaining payday loans now (Wonga and Txtloan) out of what was probably 13 or 14.

 

Txtloan one has been proving difficult, as far as getting any kind of response from them. We wrote offering a settlement of original loan (£300) plus one months interest but never received a reply.

 

It is now with Equidebt and they have not answered any of our 15 E-mails, but continued to send their 'please contact us' stock E-mails.

 

So I spoke with them today on the phone and they apologised for not responding but gave no actual reason why they hadn't. After a bit of arguing and him going away and checking with presumably a manager they have come up with a settlement figure of £519 which is a 25% discount on the £692 that the debt was when transferred to them from TxtLoan (see below breakdown from Txtloan site)

 

They also said they would take this £519 over 3 monthly payments without any extra cost or fees, and interest is frozen.

 

I know it is not ideal, but as they seem unwilling to budge any further is this worth considering accepting and paying over 3 months? They are willing to send out an actual letter confirming the deal.

 

 

Any advice much appreciated. Thanks in advance

 

 

 

Loan £300.00 issued on the 25th May 2012.

Interest £204.00

1st Reminder Charge £25.00 incurred on the 10th Jun 2012.

2nd Reminder Charge £25.00 incurred on the 20th Jun 2012.

Subtotal £554.00

Administration Fee 138.50 incurred on the 25th Jul 2012.

Total £692.50

[Nao]

Tell them openly, each time they refuse they are just going to get offered less.

 

Don't pay them a penny above what you actually owe.

[debtfreeformeplease]

So stick to the loan plus 1 month interest and not a penny more? And just wait it out?