However:(posted 8350 days ago)Everytime someone settles, the lenders think it's OK to keep behaving like this. So why don't I just settle for - what's the 'going rate' according to this post? - 750 quid? Because IMHO Abbey and Eversheds are *wrong*, and we're starting to make them nervous enough to suspect that themselves, and for some MPs to begin to voice that opinion in Parliament and in the media.
OK, a settlement of around 5% is a good figure, but only if it's an undisputed debt. I don't want to be (in my opinion) 'blackmailed' into 'getting my life back', given that the lender's basically taking the piss. Where's the concrete evidence of these 'debts'? Where's the evidence that (a) we weren't mis-sold MIGs and (b) that the lender can chase for MIG money after 6 years? Where's the evidence that my flat was really worth £1,300 when it was sold by the lender?
No-one has the right to harass and intimidate people over disputed civil debts.