Full and Final process steps

[SRR1972]

Hi Folks

 

Like a lot of people I am struggling right now I have 1 account in default (and unless they show me a CCA staying that way) and am just making min payments on 2 other credit cards and a loan (so in my mind 3 active ones). It's likely my other half is going to come into a wee bit cash so we are looking to see if any of my creditors will accept a discount full and final settlement figures/

The issue I have is currently the 3 active accounts are all up to date but this is down to me saving every penny and robbing peter to paul on a monthy basis - evenaually I am going to run out of wiggle room but as my accounts are up to date will any creditor even entertain a F&F or should I start by offering reduced payments 1st then the F&F a few months down the line ?

Also I reakon I can pay all 3 around 20% is that fair or should I just focus on 1 (the largest 1 I guess)

 

Any advice would be very very welcome

 

S

[dx100uk]

quite honestly, unless anyone you offer f&f too will mark the debt as 'settled' and remove ALL negative data on your cra's , then you might as well burn the money, as any other result will be just as bad as a CCJ.

 

have you investigated PPI & charges reclaiming?

 

dx

[SRR1972]

Hi DX

 

Yeah I have looked at PPI and charges but all these accounts are ok. I was going to state that the money could only be offered if the debt was marked as settled and any adverse entries on my CR was cleared just not sure if they would rather have some of the cash now or chase me until the end of time

 

Cheers

 

S

[IdaInFife]

you could make the offer to all 3 and some creditors will right write back advising the min they would accept.