I defaulted on a credit card, need advice on what to do next.....

[echat11]

I know this is a long thread to go through so, just to recap……about four years ago, I defaulted on a credit card (post covid business difficulties). I made a CCA request to the creditor, never heard back. The account was passed to several DCAs in rapid succession. I sent a CCA request to one of the DCAs and was sent an unsigned template credit agreement. The account was passed back to the creditor, who made a few offers of reduced amounts to settle the account. I then heard nothing for several years until a few weeks ago - the creditor emailed me more reduced amounts to settle the account and the phone calls have started up again, several every day.

The reduced amount offers are: A one off payment of a little under a third of the balance or various monthly payments that total a little over a third to two thirds of the balance. While reassuring me they're here to help and reminding me that the default on my credit file will be marked 'partially settled' if I comply.

I have yet to engage with the creditor. Would love some advice. Should I consider the reduced settlement offer or is that some kind a trap? Should I send another CCA request to the creditor?

Grateful for any insight on this……thanks!

If you make any Offers, make sure you write 'Without Prejudice' on the offer letter.
Make your own Offer, personalize the offer letter, with you circumstances e.g. health etc
Start with 5% - 10%, they bought the debt for 'pennies'. Sounds like they are struggling
with the CCA request. Make sure you get Proof of Postage.

Remove the first line from the template below

https://nationaldebtline.org/get-inf...tlement-offer/

[Alacoque]

ECHAT11, huge thanks....will give it a try!! Am guessing you don't think i should make another CCA request or remind them they have yet to answer my original one and enclose a copy of it?

[echat11]

ECHAT11, huge thanks....will give it a try!! Am guessing you don't think i should make another CCA request or remind them they have yet to answer my original one and enclose a copy of it?

Wait to see what they come back with.

[Alacoque]

OK!! Thank you!! Again!