Full and final debt settlement offers

[mushroomclaire]

Hi, I'm looking for some advice. My boyfriend recently told me he had a few issues with money a few years ago when he was out of work and spent a lot og money of credit cards and loans. As we are saving to buy a house we want to sort out his debt and try clear some of his defaults.He has one big one which is now with Arrow global for £3900Another one for £2000 with Halifax loansA couple of others small ones for Lowell PortfolioAll debts are from 2008 and have not been paid since that time. Please can you let me know the best way to deal with these? I have read a lot of information about full and final settlements and am considering this as we have a bit of money saved. We just want to get these sorted so we can start fresh. I've also read a couple of threads about trying for CCA before offering a full and final. what does this mean and how would I do this? As we have 2 years left before the faults drop off, if we pay a full and final figure, will this 6 years start from the day we pay some money again?Any help would be greatThanks

[rebel11]

Hi mushroom

 

Welcome to CAG

 

Have you been mis-sold PPI on any of theses accounts, you can claim that back with interest? Also are there any penalty charges on these accounts that can be claimed back with interest?

Have a read of 1,2,3,4,5 and 9 in my signature. You can claim back 6 years plus.

 

http://www.shweb.pwp.blueyonder.co.uk/interestcalcs.xls

 

Thread has been moved to the correct forum.