FULL & FINALgreenspun.com : LUSENET : Repossession : One Thread
Just to let you know that Drydens, on behalf of B&B have accepted a settlement of £5,000, full and final for all parties on their side, better than £38,000 they were demanding. We were stuck in that my husband's ex was paying £10 a month every month, therefore re-acknowledging the debt!! However, IBAS negotiated the settlement on our behalf, we are very relieved to see the light at the end of the tunnel at last.
-- Chris (email@example.com), October 21, 2004
Thats great for you, just a word of advice though get the company to issue you with a letter showing that the account has been officially closed. Incase the old debt decides to rear its ugly head in the future, trust me it can and does happen more often than people think
-- julianne (firstname.lastname@example.org), October 27, 2004.
I know what you mean. Have received a copy of letter from Drydens via IBAS which states this will end all liability on my husband's side. He has also asked for a certificate of satisfaction - thanks to all the great advice on this site especially Mark Amos who I have thanked separately as well. I won't desert the site will try and help if I can.
-- Chris (email@example.com), October 28, 2004.