letter from Abbey National

A letter has been received for my boyfriend from Eversheds (Abbey National)regarding the repossession of his flat in 1996. This is the first contact he has had. The letter says contact us and make a lump sum offer and we shall substantially reduce the amount owed. I discovered his flat was sold for #18 000 leaving a short fall of #14 000. He could make an offer of # 5 000 and would like to but is scared to contact with this offer in case it is refused and recognition of his debt is set in motion.If we could establish that this would be acceptable before contact this would be very advantageous. What should he do? HELP is greatly, greatly appreciated.

[ Previous | Next ]