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Hi
This is my first post. Just wondered if anyone has been in the same position as me. I have been making minimum token payments for 3 credit cards that were purchased by the PRA Group. The credit card companies accepted minimum token payments further to advice taken from Step Change, and also the interest was frozen. I will probably never be able to afford the total debts, and I am trying to negotiate full and final settlement, so I can move on with my life and get another mortgage. What is strange is my credit file since - as of end of October 2023 - is now clear after 6 years, but of course the debt still exists and they could still take me to court. Does anyone have any advice when trying to settle? I have been told that I should also get a 3rd party to make the final payment with the loan money I am borrowing rather than me.
This is my first post. Just wondered if anyone has been in the same position as me. I have been making minimum token payments for 3 credit cards that were purchased by the PRA Group. The credit card companies accepted minimum token payments further to advice taken from Step Change, and also the interest was frozen. I will probably never be able to afford the total debts, and I am trying to negotiate full and final settlement, so I can move on with my life and get another mortgage. What is strange is my credit file since - as of end of October 2023 - is now clear after 6 years, but of course the debt still exists and they could still take me to court. Does anyone have any advice when trying to settle? I have been told that I should also get a 3rd party to make the final payment with the loan money I am borrowing rather than me.
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