HomeDebtAktiv Kapital Gift Voucher or Robbery? #stom

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Aktiv Kapital Gift Voucher or Robbery? #stom — 4 Comments

  1. Here is another company offering an even bigger discount:

    Dear Mr XXX

    Re: Your Provident Personal Creditnumber M6XXXX
    Start date: 01-01-1900

    With effect from 18th September 2012, BCW Group Ltd sold the aforementioned account to our client Motormile Finance UK Ltd. We have been instructed by Motormile Finance UK Ltd because your account has been outstanding for some time. It appears that you are unable to make immediate payment of the full balance and with this in mind we can offer you a choice of one of our three easy options to help you get this matter resolved: –

    1. Special 40% Discount – Pay just £327.94 to us within 14 days to clear your debt – That’s a saving of £218.63!

    2. Get a 25% Discount – Pay £409.93 by 3 monthly instalments – That’s a saving of £136.64

    3. Pay a fixed monthly instalment at a rate which is within your means. Please call us on 01274 957060 to agree an instalment amount and set up a payment facility.
    All you need to do is call us now on 01274 957060 to let us know which option you want to take advantage of and we’ll set things up for you.

    If you wish to take advantage of options 1 or 2 you can pay either online or over the phone by Debit/Credit Card.

    Click here to pay securely online now.

    Yours sincerely
    Signature
    Jason Simpkin
    Lucas Credit Services Ltd

  2. Thanks for sharing this! I didn’t know that debt could be bought for as little as 4p in the £ – definitely worth negotiating lower. My only worry is that if a creditor accepts a lower offer, perhaps the debt wouldn’t be marked as full and final satisfied?

    We did recently have an offer come through from a creditor to say that they would be prepared to settle at 25% less than the balance. The offer was for around £30o and we were looking at ways to see if we could find the money however when we phoned the creditor to double check the offer, they said that the debt would be marked as only ‘part satisfied’ on our record and not ‘full and final’. So we didn’t go ahead with the reduced offer!

    Have you come across this before at all? Any advice would be greatly appreciated!

  3. Hello Hayley

    In quite often when a debt is settled at a reduced rate, the creditors will mark it down as a Partial Settlement. However I see no reason why this could not also be negotiated as part of the deal – hell it is only a couple of words! The other thing to remember is that it is really the creditor that has the problem and not you, they want/need the money.

    Another consideration is when within the overall plan of things, what is settled and how. Your credit history runs for six years. So any problems in the first period will have disappeared by the time you sort the final debt out. It is really a six year window showing from today backwards.

    Obviously any thing that you do to reduce your debts will improve your credit rating.

    If your credit rating is really important to you, I would suggest that you do an internet search on how to improve it, as there are many tips and trick in doing that. Do not fall for companies offering to do it for you.

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