How Much Will Creditors Settle for in Full and Final Settlement?

Here on the Johnny Debt site is a list showing what you can expect a creditor to settle for in a full and final settlement. This is not a complete list of full and final settlements achieved, searching this site should bring up even more. One problem with a full and final settlement is that the lower the settlement figure, the more drawn out the process will be. In order to achieve a good full and final settlement, you have to be strong and respond to every letter explaining why you will not be able to pay the full amount! Also, if you have any other assets that the creditor is aware of, then maybe a full and final settlement is not for you. Within some of the posts below, there is information on regarding how to obtain a full and final settlement. Always do your research before entering into any form of debt solution!

Creditor	Debt Amount	Settlement	Link
Buchanan Clark & Wells	£16,348	£5,022	Buchanan Clark Wells Full and Final Settlement
Barclaycard	£12,138	£3,624	Barclaycard Full and Final Settlement
Fredrickson	£11,160	£2,812	Fredrickson Full and Final Settlement
HBOS	£5,924	£1,491	HBOS Full and Final Settlement
Equidebt	£7,770	£2,625	Equidebt Full and Final Settlement
1st Credit	£8,562.31	Various	1st Credit Full and Final Settlement
Triton Credit	£3,842	£1,184	Triton Credit Services Full and Final Settlement
Barclays Bank	£3,071	£1,145	Barclays Bank Full and Final Settlement
Capital One	£3,750	£1,128	Capital One Full and Final Settlement
CapQuest	£9,159	£2,751	CapQuest Full and Final Settlement
Barclaycard	£3,180	£1,400	Barclaycard Full and Final Settlement
Apex Credit	£5,925	£1,491	Apex Credit Full and Final Settlement
Bank of Scotland	£11,900	£2,230	Bank of Scotland Full and Final Settlement
Wescot	£4,358	£945	Wescot Full and Final Settlement
Apex Credit Ltd	£5,925	£1,491	Apex Credit Ltd Full and Final Settlement
Credit Security Limited	£4,059	£1,238	Credit Security Limited Full and Final Settlement
Triton Credit Services	£4,871	£1,374	Triton Credit Services Full & Final Settlement
Apex Credit Management	£1,590	£436	Apex Credit Full & Final Settlement
Experto Credite	£10,921	£2,851	Experto Credite Full and Final Settlement
Barclaycard	£12,138	£3,624	Barclaycard Full & Final Settlement
EOS Solutions	£15,122	£5,183	EOS Solutions Full and Final Settlement
Metropolitan Collection Services	£23,068	£6,219	Metropolitan Collection Services Full and Final Settlement

More Full and Final Settlement Information

For more full and final settlement success stories, just do a search of this site for Full and Final Settlements or Full & Final Settlements. You will find more full and final settlement stories and also addition information on how to offer full and final settlement and what to do if your full and final settlement offer has been rejected.

Full and Final Settlement Calculator

We do have a free spreadsheet that you can download, it can be found here on Johnny Debt: Full and Final Settlement Calculator, this will calculate how much each creditor will get on a pro-rata split.

Debt Advice Handbook Recommended Reading

Having a copy of the Debt Advice Handbook is recommended reading. This book will give you a good insight as to what the creditors can and can’t do. Not only that, it will also give you fair warning of what to expect the creditor to do next. Remember, if you have any assets, including any equity in your home, then a full and final settlement may not be the right solution for you. However, if you have no assets, then maybe a full and final settlement is a good solution for getting rid of your debt at a much cheaper rate?? The Debt Advice Handbook can be found here: .

Always seek as much advice as possible before embarking on any debt solution. Remember debt solution companies will smile and tell you that their solution will be right for you. Some make money from your situation, so of course they will be smiling.

Will a Full and Final Settlement Affect My Credit Rating?

Yes, a reduced full and final settlement may have a negative impact on your credit score. A full and final settlement is an agreement between you and your creditor to settle your debts for less than the full amount owed. While this may help you to clear your debts quickly, it can have consequences for your credit score.

When you settle a debt for less than the full amount owed, it will be marked as a “partial settlement” on your credit report. This can be seen by future lenders and may make it more difficult for you to obtain credit in the future. It can also signal to lenders that you may have had trouble paying back your debts in the past.

However, it’s worth noting that the impact on your credit score will depend on your individual circumstances and the specific terms of the settlement agreement. If you are struggling with debt, it’s important to seek advice from a professional debt advisor before making any decisions about settling your debts. They can help you understand the potential consequences of a full and final settlement and provide guidance on the best course of action for your situation.

Full and Final Settlement Flowchart

View Johnny Debt’s full and final settlement flowchart to see if a full and final settlement may be a good debt solution for you.

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