Response to Settlement with the Halifax - After 4 long years

In reply to all the posts.

Firstly this is not a load of bollocks. I work for local government and therefore do not want to use my work email address for fear of breaching their Internet and email usage policy. I do not spend hours on the Internet and therefore do not have a seperate email account

We have had Halifax put in writing that we will pay £10 a month for four years and then £50 a month after this providing we can afford it until £3,500 is reached and we are liable for no further action from them.

I am not that stupid to allow Halifax to go back on their word without getting evidence in writing.

I agreed to payments as the ongoing battle with the Halifax led to health problems and we wanted to move forward and start a new life with a new house. Having a £17,000 debt and repossession over your head is a bit of a struggle so we have got this down to £3,500 with no legal costs and no more credit blacklisting.

So I basically lowered the debt by £13,500 which in my books is a success. We will easily be able to afford the £50 payments in four years as we are both earning decent wages.

Some people may thing I sold out but in my books the Halifax are only getting what we want to give them. They fought for £17,000 and lost

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