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How to create a Settlement request letter

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  • How to create a Settlement request letter

    Hi guys, I have had letters sent from Cohen Craven Solictors acting on behalf of Lowell, the original creditor. I sent all the original cca and requesting information, credit agreement etc. This took about 5 months to arrive. Iím not disputing the claim as Iím now willing to pay it.

    They would rather come to an agreement instead of going through the courts. I did post this in my original post but I donít know if itís active anymore as itís over 6 months old and I hadnít heard back from anyone for near on a week. I was just getting worried as they sent me a letter with 30 days to response and Iíve got about 12 days remaining to send a settlement request claim offer to them. I would rather send them this via a letter as I donít feel confident enough to speak to them over the phone.

    would someone be able to help me creating a template or a letter for full settlement claim with both options of installments or in full. This is all new to me so Iím unsure how I go about doing this letter and I donít want to get to last few days, especially as it will take a good two days to arrive.

    Thank you as always for all your time.

    Dan
    Tags: None

  • #2
    If nobody else comments, comment to bump me a notification in the morning and I'll help you tomorrow. I'm just about to leave for the evening.

    Whatever you do in the meantime don't contact them or admit anything.
    COMPLETING AN N180 DIRECTIONS QUESTIONNAIRE (SMALL CLAIMS TRACK) GUIDE

    My posts here are based on my experience of a variety of life events. I have no formal legal training & if in doubt take professional legal advice or contact CAB. If you follow anything I write here you do so at your own risk & I accept no liability for any loss, costs or other outcomes.

    Private messages are disabled as help is only offered publicly. I do not come on here in the evening, at weekends or on public holidays.

    Comment


    • #3
      Originally posted by jaguarsuk View Post
      If nobody else comments, comment to bump me a notification in the morning and I'll help you tomorrow. I'm just about to leave for the evening.

      Whatever you do in the meantime don't contact them or admit anything.
      Thank you. i will do tomorrow. I was just worried as I hadn't heard back from anyone in my original post and I was getting worried as I have to respond to the letter they sent by the 5th of june 2018, or they will apply for a ccj and court action.

      Comment


      • #4
        Okay, so the main thing to note is that you don't admit anything and all letters/emails need to have "Without Prejudice" as a heading.

        You need to remember that Lowell have paid about 1p in the £1 for this dept (£1 per £100) and therefore make them an offer of 30% of the debt, they'll probably work you up to around the 50% mark in negotiations. Only pay the full amount if they refuse to budge.

        In requesting the settlement ask them to confirm in writing that the figure is acceptable, represents "Full and Final Settlement" of the matter and how the payment should be made.

        Only once you have all that confirmed do you make a payment.
        COMPLETING AN N180 DIRECTIONS QUESTIONNAIRE (SMALL CLAIMS TRACK) GUIDE

        My posts here are based on my experience of a variety of life events. I have no formal legal training & if in doubt take professional legal advice or contact CAB. If you follow anything I write here you do so at your own risk & I accept no liability for any loss, costs or other outcomes.

        Private messages are disabled as help is only offered publicly. I do not come on here in the evening, at weekends or on public holidays.

        Comment


        • #5
          Originally posted by jaguarsuk View Post
          Okay, so the main thing to note is that you don't admit anything and all letters/emails need to have "Without Prejudice" as a heading.

          You need to remember that Lowell have paid about 1p in the £1 for this dept (£1 per £100) and therefore make them an offer of 30% of the debt, they'll probably work you up to around the 50% mark in negotiations. Only pay the full amount if they refuse to budge.

          In requesting the settlement ask them to confirm in writing that the figure is acceptable, represents "Full and Final Settlement" of the matter and how the payment should be made.

          Only once you have all that confirmed do you make a payment.
          Dubbers' main thread is here -> http://legalbeagles.info/forums/foru...g-legal-action

          I replied yesterday with a quick example of a settlement letter
          Check out some useful guides below

          A guide to voluntary termination
          Seting aside a CCJ
          Completing an N180 Form (Courtesy of Jaguarsuk)

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          LEGAL DISCLAIMER
          Please be aware that this is a public forum and is therefore accessible to anyone. The content I post on this forum is not intended to be legal advice nor does it establish any client-lawyer type relationship between you and me. Some of the content I post may include example wording, letters, or other similar responses but they are intended purely for informational and educational purposes. Using some or all of the content I post may fail to meet your needs that is specific to your situation. Therefore any use of my content is at your own risk and I cannot be held responsible in any way. It is always recommended that you seek independent legal advice and you can do this through the Law Society's Find a Solicitor database, by contacting your local Citizen's Advice Bureau or legal advice centres such as LawWorks. You may also be able to seek legal advice from your local university who may run a free (but limited) legal advice clinic to members of the public.

          Comment


          • #6
            Originally posted by R0b View Post

            Dubbers' main thread is here -> http://legalbeagles.info/forums/foru...g-legal-action

            I replied yesterday with a quick example of a settlement letter
            Ah, great stuff.
            COMPLETING AN N180 DIRECTIONS QUESTIONNAIRE (SMALL CLAIMS TRACK) GUIDE

            My posts here are based on my experience of a variety of life events. I have no formal legal training & if in doubt take professional legal advice or contact CAB. If you follow anything I write here you do so at your own risk & I accept no liability for any loss, costs or other outcomes.

            Private messages are disabled as help is only offered publicly. I do not come on here in the evening, at weekends or on public holidays.

            Comment


            • #7
              Originally posted by jaguarsuk View Post
              Okay, so the main thing to note is that you don't admit anything and all letters/emails need to have "Without Prejudice" as a heading.

              You need to remember that Lowell have paid about 1p in the £1 for this dept (£1 per £100) and therefore make them an offer of 30% of the debt, they'll probably work you up to around the 50% mark in negotiations. Only pay the full amount if they refuse to budge.

              In requesting the settlement ask them to confirm in writing that the figure is acceptable, represents "Full and Final Settlement" of the matter and how the payment should be made.

              Only once you have all that confirmed do you make a payment.
              Thank you for your help. I wonít admit to anything. There other debts are owe have now came through from Lowell but I will ignore them as I believe the 50% offer they made on those two are just a way to get me to reply but I will deal with those if they ever send me a letter before action and hope that I can get close to the 6 year mark but Iím over two years I think to achieving that, so I will deal with those when that time comes.

              i will proceed with getting this letter out without admitting anything and I will send recorded delivery, next day post signed for. Is 30% you feel the lowest I should offer?

              Thank you

              Comment


              • #8
                Originally posted by R0b View Post

                Dubbers' main thread is here -> http://legalbeagles.info/forums/foru...g-legal-action

                I replied yesterday with a quick example of a settlement letter
                Thank you Rob, Iíve seen your post you posted in the main thread, so I will respond in there now but it seem so Lowell have got two of my bigger debts but they are offer letters which I will not respond to until I have a letter of before action, so I will deal with those at the time when that comes to that. I wonít admit to owing the debt which Iíve never done as Iím trying to delay this as much as possible in the hope to get to the 6 year mark but Iíve got s good 18 months or so to go. Is there a way I can find when my debts would hit the 6 year mark?

                How much do you feel I should offer them? 25/30% of the original debt?

                Comment


                • #9
                  nice

                  Comment

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