Full and Final
Full and Final Write off fund
A Full and Final Write Off Fund is unique to Action Today, it allows you to put aside any additional available money each month, to accrue whilst your Debt Management PLUS+ Plan is running. Once these funds have accumulated to a sufficient amount we can then approach your creditors seeking a full and final settlement.
The bonus of a Full and Final Write Off Fund is to save money to complete full and final settlements on your accounts, getting a discount of up to 70%. It is also possible to use the Full and Final Write Off Fund as a fallback option on your Debt Management PLUS+ Plan, so if you are having problems making a monthly payment due to unforeseen circumstances (such as the washing machine needs replacing), as long as you have the funds available in your FAF we can move those funds to pay your Debt Management PLUS+ Plan for as long as necessary.
If you have a lump sum or could save towards this then we can work with you to identify potential creditors that may accept a one off payment. We will then negotiate on your behalf with those creditors to get you the very best settlement.
Advantages of a FAF:
- You only need to save as little as £20 per month (depending on amounts outstanding)
- Perhaps you have come in to a small sum of money, then let us clear you debts at a reduced rate
- FAF to be used to complete full and final settlements, clearing debts quicker (writing off up to 70%)
- FAF can be used as a fallback option in harder times to repay the Debt Management PLUS+ Plan
Not sure which solution is right for you?
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What's the cost?
We make it plain and simple so you can be confident
Your first monthly payment covers our implementation costs. After that, our ongoing administration charge is 15%. This is included in your monthly payments - not added on.
