Hi Everyone
New to this so bear with me. My husband has received a letter threatening legal action for a debt that has been with Cabot siince 2011. We have not been in any position to pay it and has therefore nothing has been paid to the best of our knowledge since 2009. The letter sent is very similar to a letter ive seen on here asking for the full amount by mon 15th feb or they will issue a claim against him for the full amount plus interest and costs. So my question is does anyone know if we were to offer a full and final settlement figure what percentage they are likely to accept?
Thank you for your time to read this
New to this so bear with me. My husband has received a letter threatening legal action for a debt that has been with Cabot siince 2011. We have not been in any position to pay it and has therefore nothing has been paid to the best of our knowledge since 2009. The letter sent is very similar to a letter ive seen on here asking for the full amount by mon 15th feb or they will issue a claim against him for the full amount plus interest and costs. So my question is does anyone know if we were to offer a full and final settlement figure what percentage they are likely to accept?
Thank you for your time to read this