Hi there,
Please help! My business went bust in '08 leaving me with several debts to HSBC which they transferred on to DG Solicitors and MCS (Metro Credit Services). I have spent the last few years building a new career and paying all bills dilligently, along with £10 per month to DG and MCS and I'm now in a position to try to pay off the original sum but I need any suggestions in the best way to approach them over this. What sort of haircut on the original debt will they be willing to take and how do I ensure that once paid, the remove the defaults from credit rating? For example they were offering 75% off all debts a few years ago... has anyone been through this final stage of getting back to credit worthiness and which tactics should I use to persuade them to accept the lowest amount possible from my original unsecured business and credit card loans?
Many thanks
T
Please help! My business went bust in '08 leaving me with several debts to HSBC which they transferred on to DG Solicitors and MCS (Metro Credit Services). I have spent the last few years building a new career and paying all bills dilligently, along with £10 per month to DG and MCS and I'm now in a position to try to pay off the original sum but I need any suggestions in the best way to approach them over this. What sort of haircut on the original debt will they be willing to take and how do I ensure that once paid, the remove the defaults from credit rating? For example they were offering 75% off all debts a few years ago... has anyone been through this final stage of getting back to credit worthiness and which tactics should I use to persuade them to accept the lowest amount possible from my original unsecured business and credit card loans?
Many thanks
T
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