Response to About to settle but want guarantee first

That looks good enough to me Melody. It may well be the case that the lender has only notified the CML repossession list about you and not 'blacklisted' you with Experian, Equifax, and other databases. I have read some postings here that argue for a 'Deed of Satisfaction' similar to that which a County Court would provide on satisfactory payment of a debt judgement. I doubt if you will get a lender to issue such a document because it would require a lot more legal input from their end. To have in your possession a letter from your lender stating that they acknowledge receipt of a payment from you in Full and Final Settlement of their claim, and that of any subrogated rights (MIG) claimant, or other third party, should be good enough. Although some have suggested that such a letter is not legally binding, it is hard to contemplate a lender wishing to court the bad publicity that publication of such a promise they were welching on would bring, apart from potential court action you could bring.

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