Arrow / Freds and F&F

Anyone any experience of making a F&F to Arrow or their knobjockey DCA sidekicks Fredricksons?

I'd be interested to know if anyone has made a F&F of 10% which has been accepted by them.

[SpringerSpaniel]

Re: Arrow / Freds and F&F

I haven't dealt with this particular bundle of joy, but from my law centre experience I would expect F and F of 10% to be accepted by most creditors if the debtor is not working eg retired/sick/disabled/redundant/full time carer.

If they don't accept this, I would let them go to court if they think they can prove a claim.

[The Debt Star]

Re: Arrow / Freds and F&F

I don't fit those categories but am only paying low sum of £20 pm

[SpringerSpaniel]

Re: Arrow / Freds and F&F

You might be better to keep on with that as it's a low amount ?

[Caspar]

Re: Arrow / Freds and F&F

I'd have thought 10% was low unless there was a VERY good over-riding reason for them to accept -ie- they might otherwise get nothing.

[The Debt Star]

Re: Arrow / Freds and F&F

Hi guys. Thx for your posts.

What I'm after is a rough idea of what sort of F&F would be accepted by Freds / Arrow when they take over my Egg loan. If not 10%, then are we looking at 25% or 75%?

I would like to keep paying 'em £20 pcm forever especially as the Default drops off next year, its just th hassle and aggravation of being pestered by DCAs - I want to be free of that.

[SpringerSpaniel]

Re: Arrow / Freds and F&F

It is regarded as a rule of thumb that F and F might be 40% if the debtor is working, and 10% if they are not.

[The Debt Star]

Re: Arrow / Freds and F&F

It is regarded as a rule of thumb that F and F might be 40% if the debtor is working, and 10% if they are not.

Just what I was looking for! Cheers m8.

DS

[SpringerSpaniel]

Re: Arrow / Freds and F&F

I wouldn't offer more than 40% as F and F, depending on your circumstances and the nature of the case, you might offer less eg 30%, one-third if on low income, contributory negligence by the creditor eg misselling - and expect to negotiate upwards from the first offer (which can be relatively derisory), so expect to end up at 40 - 50% unless you're lucky.

[The Debt Star]

Re: Arrow / Freds and F&F

I wouldn't offer more than 40% as F and F, depending on your circumstances and the nature of the case, you might offer less eg 30%, one-third if on low income, contributory negligence by the creditor eg misselling - and expect to negotiate upwards from the first offer (which can be relatively derisory), so expect to end up at 40 - 50% unless you're lucky.

Great advice. Thanks again.

[SpringerSpaniel]

Re: Arrow / Freds and F&F

Good luck with it.

[The Debt Star]

Re: Arrow / Freds and F&F

Indeed. At the moment I am awaiting my Hello letter from Arrow Global, having just received my Goodbye letter from Egg. I believe that the AP amount I was paying Egg should continue for a while but I am open to a F&F offer from Arrow (or Freds in due course) and wanted to respond with my own pitch. Your posts have been useful in this regard. Cheers.

[Caspar]

Re: Arrow / Freds and F&F

Hi DS,

I think you might be waiting a long time for a hello letter from AG. The law changed on April 1st and as long as you have the NOA, that will suffice. It doesn't even matter now whether it's from the OC or (I believe your assignment is Absolute) the new owner of your debt.