Full and Final Settlement - mistake in letter

[booblet]

Hi

 

I'm new to this site but have been advised by a friend this is the best place to find advice about debt.

 

When i fell into financial hardship a couple of years ago i began making a token payment of £1 per month to several credit cards. I have since had a few full and final settlement offers accepted and resolved.

 

I have now turned my attentions to my largest cc debt (approx £8000). I phoned the bank requesting what would be accepted as a full and final settlement. I was told 50% of the balance would clear the whole debt i.e. £4,000. I then asked for this to be put into writing.Today I received the letter and it states:

 

"We are prepared, without prejudice, to accept £1 in full and final settlement of the debt"

 

In addition, they have requested that the payment must be made by 28 January 2012 which again is a mistake as it was 6 months ago! The letter itself is dated 19 July 2012.

 

Could anyone advise me, as clearly clerical errors have been made on their part. I'm hoping as the letter states that if I pay the £1 the whole debt will be cleared, and legally there is nothing they can do as i have proof they agreed to these terms.Am I right?

 

Thanks in advance

[MrHat]

Probably not that simple.

 

You could always reply and enclose £1 payment and see what happens!

[Bombaymix]

Doh!! I think because the date is also incorrect they'd use that as their defence. It's worth sending them a quid though and see what happens!

[booblet]

thanks for your advice guys. I will send the £1 and hope for the best.

[dx100uk]

not worth even £1 if they wont mark the debt as SETLLED [not partial settlement]

and remove ALL negative data.

 

as its a CC debt

 

why dont you look at reclaiming unlawful PENALTY fees and PPI?

 

dx