Hi Folks,
Was laid off a few weeks ago and with the redundancy payment i can pay all my outstanding debts bar one.
I contacted the lender(unsecured loan) with a view to settling for less than was owed to them.
The answer I got was that any settlement less than 95% of the amount owed would be registered with ICB.
My question is, if they did settle for less than what is owed,would that stay on my ICB record indefinitely or for a certain amount of time?
Thanks in advance
Was laid off a few weeks ago and with the redundancy payment i can pay all my outstanding debts bar one.
I contacted the lender(unsecured loan) with a view to settling for less than was owed to them.
The answer I got was that any settlement less than 95% of the amount owed would be registered with ICB.
My question is, if they did settle for less than what is owed,would that stay on my ICB record indefinitely or for a certain amount of time?
Thanks in advance