Link Financial payment plans and settlement offers
Independent guidance on Link Financial payment plans, settlement offers and affordability checks before agreeing repayments.
Link Financial says it may arrange regular payment plans where a customer cannot repay the full balance immediately and may also consider realistic final settlement offers. Any arrangement should reflect your actual financial circumstances and should not compromise priority household bills.
Regular payment plans
Link says a regular plan can allow a debt to be repaid over time and will usually be considered where a customer cannot pay the whole balance immediately. It asks customers to explain their circumstances so affordability can be considered.
Settlement offers
Link also says it may consider a realistic lump-sum settlement offer. If an offer is accepted, get the terms in writing and retain confirmation of how the remaining balance will be treated before sending payment.
Check the debt first
Before entering either arrangement, verify the account, original creditor, current owner and balance. If anything is disputed, raise that before negotiating payment.