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  • #1

    Settlements

    I may be in a position to clear 3 cards that are still being paid, but the template letter doesn't really cover my situation! All 3 have had arrangements for over 10 years and have long dropped off CRAs. All are between £3 and £4,000 and payments of £10 or £15 are being made; they are with the original creditors.

    How much information do I need to include? I thought of saying that a relative etc and for a limited time, include the phrases about no one else will be able to collect and the court re court case.

    Should this be sufficient? I was thinking of offering £1,000 unless anyone thinks I should try lower.

    Thank you
    I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.
    Tags: act, action, address, advice, banks, card, cards, con, court, cras, creditors, debt, debts, help, home, ids, letter, life, money, niddy, offers, pay, payments, people, public, savings, settlements, template, template letter, thank you, work, £50
  • #2
    Re: Settlements

    start at 5% lol
    I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

    If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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    • #3
      Re: Settlements

      I've had a look at Nids FnF offers to try to work it out.
      if you do it today and you like it you can always do it again tomorrow

      I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

      If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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      • #4
        Re: Settlements

        £500 per card has been rejected. The 2 that I have heard from will accept roughly a third of each outstanding balance, plus they will show on CRAs as partially settled. These cards have been on a reduced payment since 2003 and I would like to get rid of them before they hear of a new address.
        any thoughts greatlfully received.
        I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

        If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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        • #5
          Re: Settlements

          Offer £1k then.... See how that goes? You may have to cease payments to get their attention first mind you .....
          I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

          If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

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          • #6
            Re: Settlements

            Thanks NIDDY. I don't actually want to pay anything, but I would like to clear these things while I have the opportunity and I know I'm not very good at poker!
            I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

            If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

            Comment

            • #7
              Re: Settlements



              If it were me ..............
              I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

              If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

              Comment

              • #8
                Re: Settlements

                Originally posted by cymruambyth View Post
                Thanks NIDDY. I don't actually want to pay anything, but I would like to clear these things while I have the opportunity and I know I'm not very good at poker!
                if you need help just say
                I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

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                • #9
                  Re: Settlements

                  Originally posted by cymruambyth View Post
                  I don't actually want to pay anything, but I would like to clear these things while I have the opportunity
                  I'm in a similar position.

                  My home is under offer and when sold I'll be able to pay off all my creditors and start life over.

                  But there's a teensy weensy bit of me who doesn't want them to have a brass penny of my money after the way they have treated me in my darkest hour.

                  So I'm probably not the best person to ask for objective advice since I'm really bitter about the way banks weren't there for me when I needed them.

                  I'm not settling any of my debts until or unless my back is against the wall legally speaking. Then I'll pay up. But not a minute before.

                  Plan B xx

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                  • #10
                    Re: Settlements

                    So what is the best to do then? Would you contact them,or wait till they contact you again .just wondering for when/if w sell.
                    if you do it today and you like it you can always do it again tomorrow

                    I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

                    If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

                    Comment

                    • #11
                      Re: Settlements

                      I think the general consensus is move, cease payments but keep aside a bit of savings to offer the debt if and when they contact you at the new address. That's what most people here do but we cannot suggest this course of action. It's kinda naughty.

                      I'm just confirming what the majority of members here do in such a situation. If you want to know what Cym is doing please ask her off the public forum
                      I'm the forum administrator and I look after the theme & features, our volunteers & users and also look after any complaints or Data Protection queries that pass through the forum or main website. I am extremely busy so if you do contact me or need a reply to a forum post then use the email or PM features offered because I do miss things and get tied up for days at a time!

                      If you spot any spammers, AE's, abusive or libellous posts or anything else that just doesn't feel right then please report them to me as soon as you spot them at: webmaster@all-about-debt.co.uk

                      Comment

                      • #12
                        Re: Settlements

                        Thank you Niddy.
                        if you do it today and you like it you can always do it again tomorrow

                        I'm an official AAD Moderator and also a volunteer, here to help make the forum run smoothly. Any views or opinions are mine and not the official line of AAD. Similarly, any advice I have offered you is done so on an informal basis, without prejudice or liability. If in doubt seek advice from a qualified insured professional - Find a Solicitor or go to the National Probono Centre.

                        If you spot an abusive or libellous post then please report it by Clicking Here. If you need to contact me, for instance if I've issued you a warning, moved, edited or deleted your post, please send me a message by clicking my username.

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