No Mediation but Settlement Offer

[Danica]

So far not much luck with receiving advice, so could be my last question. Will stick to reading other peoples stories. It was very helpful so far.

So…. Mediation had to be cancelled because I did not receive requested documents under CCA.

I’ve sent letter to Debt collector asking for requested documentation or closing my account. They sent all the informations straight away along with offer of settlement (but without giving actual number).

Obviously I don’t want to go to Court so will agree.

An here is the QUESTION:
How should I “play” it? Offer them less? Offer full amount paid in monthly plan? Any other option?

[R0b]

Hi

Can't see how there can be a valid offer of settlement if they haven't told you the amount to settle. How you pay the agreed settlement amount is entirely up to you but it should be recorded in writing to avoid any doubt or disagreement.

[Danica]

Hi

Can't see how there can be a valid offer of settlement if they haven't told you the amount to settle. How you pay the agreed settlement amount is entirely up to you but it should be recorded in writing to avoid any doubt or disagreement.

I took another look at the letter. Exact words are: “We are willing to consider an affordable repayment plant towards settlement of the claim. If you wish to put forward a proposal we ask that you please complete financial statement”.

Is the current balance of debt opened to negotiation? Or do they just ask me to pay it all by paying monthly?

This legal jargon is doing my head in.

[DE DOGS]

Personally, I would want to know first what their settlement offer is ?.I would not make an offer. negotiate from there. It is their fault that the documents were not forthcoming, so they get the case held over, and then try to get you to settle, I don't think you have to fill in a financial statement, but I stand to be corrected. Last, of all get everything in writing trust is not in your favour.

[Danica]

Personally, I would want to know first what their settlement offer is ?.I would not make an offer. negotiate from there. It is their fault that the documents were not forthcoming, so they get the case held over, and then try to get you to settle, I don't think you have to fill in a financial statement, but I stand to be corrected. Last, of all get everything in writing trust is not in your favour.

This is what I got in the letter:
”“We are willing to consider an affordable repayment plant towards settlement of the claim. If you wish to put forward a proposal we ask that you please complete financial statement”.

No idea what that means when it comes to settlement. I guess they just want me to start paying, without going to Court?

And definitely I’m sticking to old fashion letters. Can’t argue with black on white x

[Danica]

But it was naughty of them to wait for two months before they’ve sent a proof of debt, right after cancelled mediation date.

Perhaps they don’t want to go Court root either? I don’t know

[Danica]

The trouble is I’m not able to offer them any chunk of money, to settle it right now.
In fact, I’ve been off work for months due to illness and I am not able to offer them much in monthly payments, apart symbolic £1.
Don't think they will like that much but it’s a sad reality.

So no idea how to “settle” it