Full & Final Settlement Offer Accepted
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
Can I Do My Own Full and Final Settlement with a Creditor?
Yes, there is no reason why you can not do your own full and final settlement(s) with a creditor. It is not easy, but it is very much achievable. Searching this site, will show examples of full and final settlement that have been achieved. There is also a brief outline of what you need to do to make an offer of full and final settlement to a creditor.
Achieving Your Own Full and Final Settlements
You can of course get a company to do full and final settlements for you, but you will need to take into account that these companies will charge a flat fee for a percentage of the amount saved.You may be interest in this post How Much to Pay in a Full and Final Settlement, as it will give you some pointers of what to consider if you are wanting to take on doing your own full and final settlement. Also it is worth searching this site for Full and Final, as there are more examples of settlement and tips and tricks.