UE debt and F+F payment

[buffy300577]

Hi all

I have an UE debt with Barclaycard and they have admitted to it. I would like to send them a F+F offer to settle the account rather than wait 6 years to become statues barred. The amount is around £1000 so i'm happy to be parted with £100 to close this account.
Do you think that 10% will be enough for an UE debt? Does anyone have any previous dealings with Barclaycard or similar case? The card was an Egg card that went to Barclaycard so its with their internal debt collectors.

Thanks in advance
Maria

[Never-In-Doubt]

Re: UE debt and F+F payment

Hi all

I have an UE debt with Barclaycard and they have admitted to it. I would like to send them a F+F offer to settle the account rather than wait 6 years to become statues barred. The amount is around £1000 so i'm happy to be parted with £100 to close this account.
Do you think that 10% will be enough for an UE debt? Does anyone have any previous dealings with Barclaycard or similar case? The card was an Egg card that went to Barclaycard so its with their internal debt collectors.

Thanks in advance
Maria

Q1. Why settle it? The default will stay there for 6 years anyway so you may as well let it ride.....

Q2. No the bank would refuse that offer. They will rarely accept any offer.

I'd just ignore them and retain the letter where they confirm it's UE - they cannot enforce and would not try either! If they sell it to a DCA then you can look to haggle a F&F with the DCA but in doing so if they then decided to try and enforce they could hold it against you the fact you made an offer.

Just play the game, sit tight and see what happens. Don't be making silly offers, it's actually pointless and doesn't do you any favours.

[buffy300577]

Re: UE debt and F+F payment

I take it they cant apply for CCJ either then?
I will ask Payplan to remove that account from my DMP and see what happens

[Never-In-Doubt]

Re: UE debt and F+F payment

I take it they cant apply for CCJ either then?
I will ask Payplan to remove that account from my DMP and see what happens

Yes ask PP to remove it, they will not apply for anything as they can't - they need an agreement, as they don't have one and you never signed one they simply cannot enforce.

Any application for a CCJ would fail the moment you confirm you never signed the agreement. They could not prove you wrong, as they do not have the original to confirm their assertion.

Don't worry at this stage about the legalities, we won't let any harm come to you