pro rata letters

[barneydouble]

hi there

I SENT OUT LETTERS TO ALL MY CREDITORS 2 WKS AGO ALONG WITH MY BUDGET PLAN AND OFFERS OF PAYMENT.

I AM STILL WAITING FOR MY FIRST REPLY AND GETTING WORRIED AS STILL GETTING DEMANDS.

ANY ADVICE PLEASE,IS IT NORMAL TO WAIT THIS LONG? :|

[lookinforinfo]

Difficult to say.

It might depend on whether they think your offer is serious, or whether your

offer is totally unrealistic. It may also depend on how old the debts are. Most

companies would be unwilling to take offers on a debt if they debts were still

pretty recent.

You could try reading the FAQs section on the first page of the forum and see

if there is a chance you could reclaim any unlawful charges that may have

been added to your debts. That should hold up the demands for a while too.

[Hippy-chick]

I don't think there's any fixed time, barneydouble. But I do agree with lookingforinfo - any offer has to be reasonable. Still, what you know you can afford and what they'll try to get from you might take a bit of negotiation.

 

Are you sure that all the charges are lawful? Is it worth finding out if you can negotiate the debts down to what you can afford? I think we need more info before we can advise more.