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Hi all,
Maybe you already know this, but i thought id try to make my first post a useful one.
Currently if your WFS account is with a certain DCA, they are able to take as low as 35% to clear your account in full. Im sure this is recorded as a partial settlement and as such no other DCA nor WFS themselves would have the right to collect on the bad debt, although would remain unpaid but settled on CRA files.
This figure is before the DCA's commisions.
Something worth thinking about, WFS are not currently issueing new loans due to there financial harship, push them hard enough you could get back a large amount of interest on settlement, making the loan overal cost similar to high street lenders.
Maybe you already know this, but i thought id try to make my first post a useful one.
Currently if your WFS account is with a certain DCA, they are able to take as low as 35% to clear your account in full. Im sure this is recorded as a partial settlement and as such no other DCA nor WFS themselves would have the right to collect on the bad debt, although would remain unpaid but settled on CRA files.
This figure is before the DCA's commisions.
Something worth thinking about, WFS are not currently issueing new loans due to there financial harship, push them hard enough you could get back a large amount of interest on settlement, making the loan overal cost similar to high street lenders.
