Full and final settlements any advice please

[matty195]

Morning,

I have around £35K of debt to 6 companies, 5 are credit cards and 1 was overdraft.

They are all on a self managed repayments where I am making token payments each month.

They are owned by Link, Intrum, Arvarto and others.

 

The first of defaults is approaching 6 years in September with them all being 6 years by September next year.

 

My question is, I am in a position soon to offer some settlements.

The only firm that actually without asking is Intrum who often write offering to settle for 20%.

What sort of figures are realistic?

By the way I have not asked yet for CCA's I intend doing that this month.

Thanks, 

[dx100uk]

bet 90% comeback with no paperwork.

 

as for the OD debt, simply stop paying.

 

 

[matty195]

and if no paperwork then just stop paying? 

[dx100uk]

 

ive moved you to the debt self help forum.

lots of like stories to read

you'll get the idea.

 

 

[matty195]

Thanks, I have had some advice but I just worry a bit about the repercussions of simply stopping paying. Im hoping to have it all off my file within the next 12 months and breath a bit easier

[dx100uk]

debts vanish from your file on the 6th b'day of the registered default regardless to paying or not or paid or not. doesn't mean the debt is not due, but without enforceable paperwork, like a signed copy of the CCA, no powerless DCA will go anywhere near a courtroom door,

 

But ofcourse they'll try, as they have to date, to scam you out of money and be a nice cash cow mug, as most people think they are bailiffs and have some magical powers, because most people don't bother to read their letters properly....they never say WILL anything, but if, might, may, should. 

 

all most people do is blindly pay a DCA and that then funds their scamming operations of others and gives them pocket money to all go down the pub everynight and pay for family holiday on the free money. the OC never sees a penny.