percentage acceptable as settlement in DMP ?

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tutu

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Post by tutu » Fri Jul 02, 2010 1:47 am
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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.
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Shining

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Post by Shining » Fri Jul 02, 2010 9:14 am
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Oh tutu, I don't know and hope it goes ok for you, fingers crossed here.

One of the professionals will be along very soon with some good advice x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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tutu

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Post by tutu » Sat Jul 17, 2010 6:58 pm
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Further update ...........
Blair Oliver & Scott (BOS) have agreed on 75%
Credit Solution (DCA) for Barclaycard agreed to 50%
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kallis3

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Post by kallis3 » Sat Jul 17, 2010 7:03 pm
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Good news tutu. It seems to be working out ok at the moment.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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plasticdaft

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Post by plasticdaft » Sat Jul 17, 2010 8:12 pm
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As Andy pointed out many of the debts get sold on for pennies in the pound so massive reductions may be available. Just make sure that it is made crystal clear in writing that any monies paid are full and final to close the accounts so you dont get chased again later.

Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
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MelanieGiles

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Post by MelanieGiles » Sun Jul 18, 2010 12:45 am
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This is one of the downsides of trying to effect a settlement with creditors yourself - but do persevere as I am sure you will get there in the end.
Regards, Melanie Giles, Insolvency Practitioner
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