If you can’t take advantage of this offer then you can continue to make payment as you do now. To discuss this offer further, you can contact your advice agent or call us directly on oh 800 542 7329.
We look forward to hearing from you.”
Okay this is a superb offer!
However, I do have a couple of concerns:
If you do take up this offer to spread the amount over six months, what happens if you make a late payment or miss a payment?
If you pay the full amount at once, what are the guarantees that you won’t be pursued at a later date for the outstanding balance?
Whatever agreement you come to, make sure that you have it in writing!! Also make sure that any payments you make you have a record of that.
I would suggest that if paying the full amount at once you get a letter from the company accepting this as a final payment and that they or any other company will not pursue you for the remaining balance in the future.
It is also advisable that any payments are made through a third-party as additional evidence.
I have personally in the past negotiated Full & Final Settlement/Short Settlement with Debt Collection Agencies. It is not unusual for a company after a settlement to contact you at a later date chasing the outstanding balance! It is very important that you keep all letters and other information safe!