Further update ...........
Blair Oliver & Scott (BOS) have agreed on 75%
Credit Solution (DCA) for Barclaycard agreed to 50%

MBNA will accept 40%
Redcastle (DCA) will accept 25%

Natwest, Tesco, LTSB, BOS have refused, their letters state that they will review in 6 months. Do you think I should offer more or should I wait for the 6 month review ?

Still waiting for a reply from Barclaycard.

Hi guys, Does anyone know if Blair Oliver & Scott debt collectors in Fife are a subsiduary of Bank of Scotland please ?

1 accepted and 1 declined at the moment... still waiting for 6 !!

No replies yet to my offers . Not sure how long they will take. Did get a letter today from a solicitors though stating that I need to repay all of the debt on the loan that I have , maybe they crossed in the post !

Update is that I have sent letters off to all companies and I am awaiting responses . Its been a week now and I havent heard yet . Will let you know ...........

Hi Mel - I owe approx £37k and was thinking of borrowing £20k which would enable me to clear my debts and stop all the phone calls and then obvisouly I will be making my £350 payments each month to my family. Hi Andy - I didnt think that they would accept such a low amount. I was thinking that they ...

Thanks Mel I have asked the question to my DMP company and they have said its up to me ! I just wondered what percentage was reasonable enough to be accepted.

I have been in a DMP since Sep 09 owing approx £37k to 9 creditors now. I may be in a position soon to borrow money from family to pay some of this debt off. Do you think that I can make a reasonable offer to my creditors as final settlement. If so what percentage of the debt are they likely to acce...

Well its been a while since last post. A short recap - £40k in debt with 10 creditors. Started a DMP with Bright Oak in Sept 09 paying £350 per month. Most creditors have frozen interest and been quite helpful. The major headache is Lloyds TSB they are continually phoning, sent a letter eventually a...

I am 5 months into a DMP with Bright Oak. All my creditors have frozen interest. I am having heaps of phone calls from Lloyds TSB. Bright Oak have spoken to them also but they still keep phoning. Today I have a answerphone message from a company called MHA (when I looked up who they are they are a d...

Hello soashamed70 . I have been reading your posts and my heart goes out to you. I was in the same position as you a couple of months ago with a huge amount of debt. I eventually plucked up the courage to tell my hubby and although he was upset he eventually came round. I too spoke to Melanie and sh...

Hi SamanathaC - I too have too much equity in my property so did not want to go the IVA route. I have just this month set up my DMP with Bright Oak. First payment to them was 22nd Sept and today I have received letters from 2 of my creditors stating that they will suspend interest. They have been br...

Wow I cant believe how quick things have been set up now. I've received today letters from Alliance & Leicester and MBNA stating that they will suspend all late fees, over limit fees and interest on my accounts. 2 down 7 to go ..... I am feeling really positive... Bring on the debt free days ....

Update : First payment of £350 has been received by Bright Oak . All letter have gone out to my creditors. Awaiting their responses. I feel loads better now, sleeping a little better at night. I am so glad that I found this site. Special thanks to everyone who has sent me helping messages. Thanks to...