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Idem/mbna what to do full and final. Where do I start


Aggie65
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My credit card debt has been sold to idem servicing this was in december 2012. I owe £1000 and want to do a full and final settlement. I don't mind paying this debt as I did default and do owe it. But I want to make sure I do it properly. So have you all got any tips on what to do first. Where to start?

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Hi,

For a Full and Final settlement offer, always start the offer low no more than 10-15% of the outstanding balance so you have room to negotiate.

Also you must make the offer conditional on the following.

1. Any remaining balance is NOT to be sold or assigned to any 3rd party.

2. Credit files are to be amended to ''settled'' or preferably the entries removed.

3. That if the offer is acceptable they confirm the above mentioned conditions

in writing.

 

DO NOT send any money UNTIL you have the written agreement, send all letters by

recorded delivery.

Any Letters I Draft are N0T approved by CAG and no personal liability is accepted.

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