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Hi, I have several creditors which are a couple of decades old and in a dmp. They are in my own name. My mother-in-law has recently given my husband some money which he has offered to give me (£3,500) if it will pay these creditors off as a FF settlement. The worry over these is making me ill. I also have a heart problem and several other health issues.
The debts are credit cards and one bank loan. They amount to £14,700 approx. I have one cc (now taken over by 3rd collector)) which has written to me on two occasions with a strange name though. This last letter is offering me a settlement figure of 40% They have my first name correct but it is addressed to Mrs ??(first name only) and Mr (initial & surname) ???- never heard of initial or surname. Do I send a FF offer to them with my own name or the incorrect names on the letter or send them a different letter altogether giving them my correct name? The account number is correct. Also, do I let the DMP know I am trying to finish these and continue my monthly payments (payment due this month) while trying to settle?
if you could help please
Advice would be welcome, thankyou
The debts are credit cards and one bank loan. They amount to £14,700 approx. I have one cc (now taken over by 3rd collector)) which has written to me on two occasions with a strange name though. This last letter is offering me a settlement figure of 40% They have my first name correct but it is addressed to Mrs ??(first name only) and Mr (initial & surname) ???- never heard of initial or surname. Do I send a FF offer to them with my own name or the incorrect names on the letter or send them a different letter altogether giving them my correct name? The account number is correct. Also, do I let the DMP know I am trying to finish these and continue my monthly payments (payment due this month) while trying to settle?
if you could help please
Advice would be welcome, thankyou
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