I confirmed to him that I wasn’t earning much money and that with my outgoings, I was only left with a small amount of money left over to pay my creditors. He scoffed at this somewhat and suggested that he would have to recommend to Barclaycard that they sell the debt on.

This is all idle threats as far as I can see as they have been saying similar thigns for months. He also brought up the threat of having a door step collector sent round to assess my ability to pay. I say bring it on, they can’t do a thing, they have no rights at the property I live in as it’s not my property.

I explained to him that before they do consider selling the debt on, perhaps they should reconsider my offer of full and final settlement which I made towards the end of September. I believe I then re-offered this at the end of October, somewhere in the region of 15% of the balance.

He scoffed at that amount and said the least they would accept would be 70%. I informed him that I thought he was talking complete B.S. as I have already settled one Barclaycard account through Calders Financial for around 30% of the balance outstanding, and that was October, so this is now two months further on and the value of their “so called” asset has reduced as it is further into arrears.

He seemed to get a bit annoyed at this revelation and stated that he would tell me how it works, and that the least they would be able to offer me on a full and final settlement would be 60%. I informed him that I don’t think he has any credibility considering my experience of negotiating with creditors such as Calders Financial and that if it was alright with him I would just continue to play my waiting game.

I wished the guy a happy new year and hung up…no doubt he’s a bit cheesed off that his colleagues are making him look stupid, but that’s not my problem really is it?

Related Pages

• Barclaycard Has Passed Credit Cards To Mercers Debt Collections
• Almost Settled Another Two Debts With Barclaycard

As I’ve already stated to Barclaycard in writing, I cannot afford to make the minimum payments on my cards as I’m not earning much money, so instead am paying a small amount each month so that they always receive some form of payment.

As a result of my not having responded to these various text messages, I got a phone call on Thursday evening from Mercers Debt Collections, who are dealing with my accounts on behalf of Barclaycard. I spoke to a very nice woman who was quite sympathetic to my reasons why I couldn’t afford the normal payments on my cards and she said they may be able to offer me a settlement figure.

Now given that last month (October) I had already settled one of my Barclaycard accounts for around 30% of the balance, I was expecting this lady from Mercers to be aware of that figure, and come up with something similar for the accounts she was dealing with – I have two remaining Barclaycard accounts, one was a Sky card that was transferred to Barclaycard.

After discussing with her manager for five minutes, she came back with figures for each account. I wasn’t massively impressed – she was only offering a 20% discount on each account – this would still leave me needing to find 80% of the balance, a figure I just don’t have access to.

I explained that I would politely decline the offer, and she then stated that I should try and get onto a professionally managed debt management plan, and she gave me a number for a company.

I asked her then when the accounts would be passed to Calders Financial, as they were the debt collections agency I dealt with on the settlement last month. She stated that as the account was only three months in arrears, it would be another three months before it was passed to Calders, and so the waiting begins…

If you would like some professional advice about your debts, I can recommend using one of these guys. They will give you a FREE no obligation consultation which should give you an insight into what solutions are available to you and what it will cost.

Related Pages

• Phone Call From Calders Financial
• Debt Collection Agencies Are Buying Up Remaining Balances Of Full And Final Settlements
• How Long Does It Take To Reach A Full And Final Settlement
• Almost Settled Another Two Debts With Barclaycard
• Barclaycard Are Also Known As Mercers And Calders Financial

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 issued me with a new number, which was why I didn’t recognise it.

I spoke with them about the balance and the account, explained that I couldn’t afford to make anywhere near the agreed payments, explained all I could afford was a token payment etc etc.

The chap went through a budget with me, and I explained that I did have access to funds for a full and final settlement, which was to be a gift from my family, so not my funds.

We went through my offer, he didn’t accept it but agreed that he would pass the account over to the debt collection dept, and then transferred me through.

When I was transferred through, it transpired that the connection wasn’t a very good one and he hung up.

I then took the initiative and rang Calders Financial, who are the debt collection agency for Barclaycard, and spoke with them about the account. Strangely enough I spoke with the same woman I agreed my previous full and final settlement with Barclaycard, and she was very good in that she remembered me.

We came to the conclusion that as I have two remaining accounts with Barclaycard we may as well look to settle both today. She went through the figures with her computer and came back and offered exactly 30% for each balance. This was ok, but we felt we should be able to get down to nearer 20%.

We haggled a bit, she went and spoke to her manager and then came back and said that she was terribly sorry but the two accounts we had been discussing had not actually been passed through to Calders at that time, which meant they were not quite ready to be settled yet.

This I found quite interesting as it gave me some useful information, in that as soon as they do get passed to Calders, I will be in a position to start the negotiating at 30% and drive the price down.

Related Pages

• Phone Call From Calders Financial
• Barclaycard Has Passed Credit Cards To Mercers Debt Collections
• Barclaycard Are Also Known As Mercers And Calders Financial