Today I spoke with the debt managers who were dealing with my Barclays loan account about my debt. They agreed a full & final settlement figure of just over £3,000, representing 27% of the outstanding balance.
That’s a whopping 73% of the balance written off! I am totally amazed by this, it will really help me [...]
Last week I managed to settle my 2nd Barclaycard credit card. I have three altogether, and have now managed to settle two of them.
The first Barclaycard was settled in October 2009, it had a balance of around £4,700 and was settled for £1,500 – they wrote off £3,200.
The second settlement was done just last week. [...]
I had a phone call today from Barclays, well in fact it was actually NCO, their in-house debt collection agency ringing on behalf of Barclays.
The guy I spoke to was pretty smarmy and wanted to pretend like he was doing me a favour when he offered to discount my £1700 debt with Barclays by roughly [...]
When neogitating with creditors, it is very important to be mature about the situation and realise that as a borrower, you do have a moral duty to repay your creditors. However, if you cannot afford to repay the whole amount borrowed, then you need to accept that fact and communicate it to your creditors.
It is [...]
I don’t know if this is true or not, but I have read on the Consumer Action Forums that some unscrupulous lenders are agreeing full and final settlements with their borrowers, confirming that they will not pursue the remaining balance of the debt to the borrower, but then selling this remainder onto debt collection agencies.
Apparently [...]
This is a question I’m sure many people will be wondering. If you read up on the internet there are various forums where people talk about full and final settlement, usually lots of triumphalism about how much of their debts they have succeeded in “writing off” – but what they tend not to publicise is [...]
This morning I received through the post a very welcome letter from Barclays Bank, or more accurately Central Debt Collection Services, on behalf of Barclays Bank.
The letter was very brief, and here is what it said:
Thank you for your payment.
Your debt is now considered to be satisfied and we can confirm that no further action [...]
I had a letter through the post today which somewhat puzzled me – it was from Barclaycard for a balance I didn’t recognise and an account number I didn’t recognise.
I promptly rang them up and spoke with them about the account, and they informed me that they had taken over my old Sky card, and [...]
