Hi guys, simply put as below:
Debt for :£21,000
Paid £199 for 42 months (should of been 48months)
(Had time off for heartattack)
Just received amount due of £3642 for overtime etc for the 4th year owed!
Last year left so estimating around £14,000
If I want to offer a full and final settlement before paying the £3642 what is the best offer I should make in order to get it accepted in everyone's opinion?
Sorry to hear of your health problems and hope you are fully recovered now.
Normally you would be expected to offer the remaining payments and make sure that the company knows the money is only available for that.
Where would the money be coming from?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
If 5 year term I presume you have 18 months left at £200 = £3,600. If year extension due re equity in property then you have c30 months to go totaling c£6k.
F&F offer should be based on what you have left - the closer to the mark the more attractive the offer and more likely to be accepted.
Does your agreement state you get to keep 50% of the overtime and pay the rest over? If so is the £3,642 50% or the full net amount?