If you decide to settle with Avant, offer them 20% of the debt which is probably what they paid MBNA for your debt.
I can tell you for a fact that the entire handover from MBNA to Avant has been a mess. I have clients, who have had interest frozen, been on repayment arrangements, etc, who are now receiving letters saying they missed their last minimum payment. It's been years since they met that repayment. If you are looking for a settlement, you have to show inability to pay first of all, and then look at 30-35% as your starting figure. You wont get much better then that though.
www.frost.ie
Has Ireland begun licensing Insolvency Practices yet - I thought they were still trying to sort out the arrangements and criteria for this ?Frost Debt Solutions Ltd is a part of the Frost Group, Licensed Insolvency Practitioners who like to focus on the positive. Whether you’re a business or an individual, no matter how great your debt or how heavy the burden feels, there’s always something that can be done. And it’s our job, as licensed Insolvency Practitioners in the UK and Ireland, to find the best possible outcome for you.
I am in discussion with them now after a fee was fixed with MBNA please feel free to contact me
Hello,
I was looking at your website with interest and noticed on the About Us section, the following:
Has Ireland begun licensing Insolvency Practices yet - I thought they were still trying to sort out the arrangements and criteria for this ?
Many thanks
Mr. Earl.
johnnyman, nice answer.
Have one he got 20% from Friends 1st.
Have one Mbna 1,800 on 15,000.
On both i (prompted) customers as though they were negotiating and everything in writing but it took 3 months. In both cases though they were unsueable,we could show that and further chasing was no help to anyone, in fairness Friends and Mbna were pragmatic.On Mbna it was a collection agency but we insisted contract was with Mbna and we stayed staunchly with that until (someone) got tired.is that settlement with MBNA or the collection agency?
20% on Friends first is a good deal. Halifax will deal at 15% I have on good authority for anyone thinking of doing a settlement.
€1800 on a €15k balance is first rate work, well done on that one!!
..............................So are MBNA really gone then. ?
Good ridance to them in my opinion.
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