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Settling a DMP
Posted: Wed Apr 19, 2017 4:01 pm
by aidan
I am in a debt management plan with Angel Advance and have a creditor called Halifax Retail Recoveries, if i wanted to settle the balance what is the least amount that they would take?
Re: Settling a DMP
Posted: Wed Apr 19, 2017 4:07 pm
by Foggy
This would be a matter that you would need to discuss with them -- there is no formula or precedent to follow.
Re: Settling a DMP
Posted: Thu Apr 20, 2017 1:44 pm
by Lisa Thomas
You need to ask them - some creditors will accept a small payment rather than have the debt continue on for years and years.