GDPR Cookie Consent by SimpleServe Privacy Script Offered a Settlement amount but Debt Collector requested I fill in a budget planner - AAD Consumer Forum

Announcement

Collapse
No announcement yet.

Offered a Settlement amount but Debt Collector requested I fill in a budget planner

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
  • #1

    Offered a Settlement amount but Debt Collector requested I fill in a budget planner

    I am starting to see the light at the end of the tunnel with my debts.

    However I tried to offer my Debt Company a payment increase after they sent a letter to contact them. I also offered a full and final settlement amount to them that I could possibly borrow based on other offers I have received.

    They have replied saying they will accept a full and final settlement offer but only if I complete a budget planner.

    Is that enforceable?

    Do I have any other options as they will likely say I have more spare income than the amount I offered and have to pay even more (with no final settlement offer) leaving nothing for any buffer in case of emergencies that may arise in my world.

    Many Thanks,
    DannyBoy


    Tags: None
  • #2
    Originally posted by dannyboy7 View Post
    I am starting to see the light at the end of the tunnel with my debts.
    However I tried to offer my Debt Company a payment increase after they sent a letter to contact them. I also offered a full and final settlement amount to them that I could possibly borrow based on other offers I have received.
    They have replied saying they will accept a full and final settlement offer but only if I complete a budget planner.
    Is that enforceable?
    Do I have any other options as they will likely say I have more spare income than the amount I offered and have to pay even more (with no final settlement offer) leaving nothing for any buffer in case of emergencies that may arise in my world.
    Many Thanks,
    DannyBoy
    Only a court can force you to complete an income & Expenditure budget
    But you have restarted the Statute Bar Clock irrespective.
    Have you a diary entry for this Debt?
    Because you danger is they may try to sue if they think you have monies!!
    So if you have a Diary entry please indicate this Debt If Not

    Can you supply the following
    • Type of account
    • Date commenced (ideally before Apr 2007)
    • Approx balance £
    • Date last paid (approximate date you last made a FULL payment)
    • Are you on arrangement or not
    • Status (default/in arrears/up-to-date)
    • Account owner (who is writing to you, a DCA or the lender)
    This information will help in advising or otherwise


    Comment

    • #3
      Originally posted by dannyboy7 View Post
      However I tried to offer my Debt Company a payment increase after they sent a letter to contact them. I also offered a full and final settlement amount to them that I could possibly borrow based on other offers I have received.
      Hi

      Just to be clear - what is the source of this amount you could possibly borrow? It's not another commercial loan, I hope?

      Comment

      Previous template Next
      Working...
      X