Buchanan Clark & Wells Agree Full & Final Settlement
This debt was actually settled with Buchanan Clark & Wells who were collecting on behalf of Barclays Bank.
This is certainly a fantastic start to the New Year for one person!
“Barclays Bank: Loan Account
Balance: £16,348.72 (As provided by the bank to BCW)
Thank you for your recent communication re above forwarded to us by our agents which included an up-to-date Financial Statement. I am pleased to inform you that our clients have decided to accept this offer of £5022.00 Fall and Final Settlement of this account on the condition that the same funds reach BCW Group within 14 days. Please note our address has changed some time ago and if funds are sent by cheque please send to BCW Group 24 George Square Glasgow G2 1EG. If payment is made on-line please use the bank details previously forwarded to …. please quote your reference number on all communications and payments.
Direct Line: 0845 300 6890″
How Much will Debt Collectors Settle for UK
So as you can see this person saved over £11,000 as a result of doing a full and final settlement. I am sure that the full and final settlement could have been even low, with some more hard work. The problem with full and final settlements, is that the lower the settlement figure that you want to achieve, the bigger the fight you have on your hands!
How Much Will Debt Collectors Settle For?
When it comes to a Debt Management Plan, once the income and expenditure has been completed accurately then a creditor should accept the amount being offered. It is not unusual for a creditor to agree to as little as £1 per month in payment. With regards to a Short Settlement or Full and Final Settlement, search this site to see various settlement figures.