CL Finance/Howard Cohen Solicitors

[boz99]

Hi, my daughter had a CCJ against her in November 2006 for £976.50 and an agreed payment schedule of £5 per month. She has maintained these payments to Cohen on behalf of CL Finance without missing any and the debt balance is now around £500.

As there would still be 8+ years at the current rate of payment, should she ask CL Finance to accept an offer in full and final payment and if so, what would be a realistic amount?

Also, as she has been repaying the debt, what would be her status on the credit reference files as the CCJ was over 8 years ago?

Any advice much appreciated.

[des8]

Re: CL Finance/Howard Cohen Solicitors

The CCJ will have dropped of her credit files after 6 years.

Regarding making an offer, try as small as you think fit.

I have been paying off a ccj since 1990 at £5 pm and still have several years to go. I've only ever been able to get a 10% discount for early repayment (probably lousy at negotiating lol)
and decided that taking inflation into account I'm better off paying them monthly.

[boz99]

Re: CL Finance/Howard Cohen Solicitors

The CCJ will have dropped of her credit files after 6 years.

Regarding making an offer, try as small as you think fit.

I have been paying off a ccj since 1990 at £5 pm and still have several years to go. I've only ever been able to get a 10% discount for early repayment (probably lousy at negotiating lol)
and decided that taking inflation into account I'm better off paying them monthly.

Thanks Des,

I wasn't sure about the CCJ dropping off her credit file if she was repaying the debt.

I agree with your thinking about letting the small repayment continue, but she'd like to get rid of it if she could, but it would have to be well short of the £500.

Thanks again.

[des8]

Re: CL Finance/Howard Cohen Solicitors

It certainly drops off!
I've had no problem getting credit............. just repaying it

[boz99]

Re: CL Finance/Howard Cohen Solicitors

It certainly drops off!
I've had no problem getting credit............. just repaying it

Don't we all, but good to know there's credit available