Jump to content

Can you settle outside of a debt management arrangement..

Please note that this topic has not had any new posts for the last 2439 days.

If you are trying to post a different story then you should start your own new thread. Posting on this thread is likely to mean that you won't get the help and advice that you need.

If you are trying to post information which is relevant to the story in this thread then please flag it up to the site team and they will allow you to post.

Thank you

Recommended Posts

Hi there, helping out my father in law.


He has 10 creditors and an arrangement to pay set up for 9 of them.


During the course of paying the creditors my father in law has received early settlement vouchers.


Do I need to contact the debt management company to negotiate early settlement or can I contact each of them individually?


Finally does anyone know what a typical settlement % a debt collection agency is likely to take?





Link to post
Share on other sites

Hold up. What do you mean early settlement vouchers? Which creditors are you paying? Are they the original creditors or DCA's? Were you offered any discounts? have you ever questioned the paperwork on the debts?


Find out the full facts before you go making settlements or even paying a DCA a penny.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..



If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks


Link to post
Share on other sites

No fixed rate for early settlement. It depends on a range of factors. However, this is irrelevant at this stage. You have much else to do first.

Is he using a fee-charging D M C? If so, ditch them NOW. Either do it yourselves or use a free provider.

List a summary of his debts here, including debt type, amount, initial agreement date, creditor, current chaser if different [has it been assigned?], current monthly instalment.

Do not at this stage pay any DCA one penny more, as reneg says.


The guys here can take things on after receiving your summary info .

Link to post
Share on other sites
  • Recently Browsing   0 Caggers

    No registered users viewing this page.

  • Have we helped you ...?

  • Create New...