what percentage of my debt will a creditor except

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colin12

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Post by colin12 » Thu Feb 14, 2008 10:52 pm
what percentage of my debt will a creditor except as a 1 off payment
 
 

Lisa2009

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Post by Lisa2009 » Thu Feb 14, 2008 10:59 pm
Hi and welcome.
They will consider your very best offer but beware that some creditors have certain hurdle rates.

Perhaps you could post a few more details, creditors and ammounts so one of the forum experts can advise further.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


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carlmcmullen

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Post by carlmcmullen » Thu Feb 14, 2008 11:00 pm
This really depends on your creditors.

They would expect you to make your best endeavours to repay as much as you possibley can. The majority of creditors would accept the your best offer but can you tell us a little more about your circumstances ?
 
 

MelanieGiles

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Post by MelanieGiles » Thu Feb 14, 2008 11:06 pm
You should turn the question around and say how much can I possibly offer. Where would you be getting the money from to make your offer with?
Regards, Melanie Giles, Insolvency Practitioner
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