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Clearing a Cabot 'loan'

  • 21-10-2017 4:10pm
    #1
    kilman
    Closed Accounts Posts: 108 ✭✭


    Hi,
    I had an MBNA loan which was transferred to Cabot back in 2013/2014 for 15k.
    I've been in a payment plan for the last 3 years and have paid approx 40%.
    At the current rate its a number of years before it will be cleared.

    If I could get the money does anybody have a ballpark figure for what they may accept as a final figure to clear? I was thinking another 3k or 20% (so 60% paid).

    Any thoughts?


Comments

  • #2
    kilman
    Closed Accounts Posts: 108 ✭✭kilman


    Apologies I've placed this in the wrong forum, if a mod could move I'd appreciate it.
    Thanks


  • #3
    wordofwarning
    Closed Accounts Posts: 697 ✭✭✭wordofwarning


    I can't see them being in a hurry to write it off, as you have already paid off a chunk of it. You would have made more negotiating power, if you didn't pay anything off it.

    A Debt Relief Notice (DRN) might be an option for you. It is also a negotiation option for you. Get them to write off a part of the loan or you will use a DRN to get it written off


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