Response to Household Mortgage Corporation - What is a Full and Final Settlement?

Many thanks for the replies.

Some more facts:

I was sold a MIG; HMC have always said they are pursuing the debt on behalf of the insurers (who they refuse to name of course).

I have a document from HMC saying that they accept my offer in full and final settlement of my liability, and they only reserve the right to pursue the full debt in the event of my not maintaining the agreement.

Citizen's Advice Bureau and Money Advice Bureau advised me on this matter, they told me to make a full and final settlement offer, and also when I received the acceptance letter from HMC they told me that it wasn't a trick.

I'm thinking now of writing to HMC to ask them what was meant by that solicitors letter asking for another 12K in full and final settlement, because if they intend asking for more money, then I shall certainly stop paying the monthly payments immediately. Is this a good idea?

What is a SARN?

TIA

avril

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