just received a ppi settlement from mbna for £9000!!!
mbna sold my debt to equidebt, who went into admin. cabot now own my debt of £13,400. im on a dmp with payplan.
in my letter from mbna it says if my debt has been sold on, they may try to buy the debt back and use some or all of the ppi payout towards the existing debt. my question is, would it pay me to make a f&f offer to cabot at a low rate, before mbna try to buy it back?