Full & Final Settlement
Barclaycard settle debt of £12,138.38 for £3,624
The following information was sent to me this morning.
“We are prepared, without prejudice, to accept £3624.00in full an final settlement of the above account provided that payment is received by 14 July 2011.
Upon receipt of the above payment we confirm the remaining balance will no longer be pursued by Barclaycard or any other debt collection agency.”
In this particular case a massive saving of £8,514.38 was achieved. This is a saving of 70% and the person has cleared this debt.
Full & Final Settlements are difficult to achieve, but with the right criteria and negotiating they are achievable