Jump to content


Full and final settlements any advice please


Recommended Posts

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, 

Link to post
Share on other sites

bet 90% comeback with no paperwork.

 

as for the OD debt, simply stop paying.

 

 

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... 

Link to post
Share on other sites

:cheer2:

 

ive moved you to the debt self help forum.

lots of like stories to read

you'll get the idea.

 

 

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... 

Link to post
Share on other sites

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

Link to post
Share on other sites

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.

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... 

Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

  • Recently Browsing   0 Caggers

    No registered users viewing this page.


  • Have we helped you ...?


×
×
  • Create New...