What is the Minimum Amount I can Pay a Creditor If you are experiencing financial difficulties and have to reduce your payments to creditors, then you would want to make a payment of at least £1 to each creditor. Having … Continue reading →
Here is another example of a full and final settlement that has been achieved. In this particular case this is an old Lloyds Banking Group debt that was eventually sold on to CapQuest. The outstanding balance of £9,159 was settled … Continue reading →
Sample Letter to Debt Collection Agency for Debt Management Plan Once you have completed your Income and Expenditure, you will then want to send that to the Debt Collection Agency (DCA) with a covering letter.Their AddressYour AddressDateCompany: (who the original … Continue reading →
Here is a list of some of the more common Creditors, Debt Collection Agencies and Solicitors. with their sort codes and account numbers. It may be worth doing a further search to confirm that the information is still correct. Forcing … Continue reading →
Obviously you will want to pay as little as possible, but there are some things that you may need to know about. Age of a Debt in a Full and Final Settlement Matters The older the debt is, the more … Continue reading →
The Best Way of Dealing with Debt Collection Agencies (DCAs) The best way of dealing with debt collection agencies is to remain professional, honest, and organized throughout the process. It is important to recognize that debt collection agencies are businesses, … Continue reading →
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 … Continue reading →
Dealing With Debt When You are Ill If you are coping well in paying your creditors and then suddenly become ill and your income reduces, what should you do? Well, like I say with all debt issues, do not hide … Continue reading →
How Much Will a Creditor Accept in a Debt Management Plan The simple answer is, as little as £1.00 per month! However in order to get a creditor to accept a payment of one pound per month, you will have … Continue reading →
Can You Do Your Own Debt Management Plan The simple answer is YES! However, to start with is may be difficult to implement. I would say that if you are going to do your own Debt Management Plan, you need … Continue reading →
Full & Final Offer Rejected, What Do I Do? So your full and final settlement offer has been rejected, so what do you do now? The thing you have to remember about a full and final settlement, is that often … Continue reading →
Full & Final Settlement Success Stories Full and Final Settlements (F&F) are not easy to achieve, but they are very much achievable with a bit of effort and quite a bit of nerve! The thing with a Full and Final … Continue reading →
A new study from the University of Bristol, in partnership with the Money Advice Trust and the Money and Mental Health Policy Institute, outlines the experiences of nearly 1,600 UK debt advisers when supporting people in vulnerable situations. Nearly three-quarters … Continue reading →
Aktiv Kapital Settlement Offer Here is a letter (Click on Letter to Enlarge) that someone recently received from Aktiv Kapital offering a £940 discount off their debt of £6.268. On the face of it, this would seem like a very … Continue reading →
Full & Final Settlement Offer Here is a letter recently received from 1st Credit: “1st CreditP.O. Box 278ReigateRH2 7WBTel: 01737 235202Fax: 01737 887697 1st Credit Ref: NUMBER “Special Low Discount Opportunity” YOU PAY HALFWE PAY HALF Mr NAMEBLACK HORSE LIMITED … Continue reading →
