Debt Settlement is often the quickest and cheapest way of becoming debt free. There are no expensive monthly debt management fees . We offer a money back guarantee that states, ‘if we cannot negotiate a saving for you, we do not charge you for our work’. We only charge an administration fee for setting up your plan which is equivalent, to the first 2 months of your payments or £300, whichever is the greater. This is the very common, as the work involved in setting up the plan and reaching agreements with your creditors, over the first 8 weeks can be high. On average, our customers will become debt free for around 60% of what they owe. That is far quicker and cheaper that other debt management companies.
What is a debt settlement company?
Debt Settlement is the process by which creditors accept a lump sum payment and in return offer you a discount on the total owed. It is therefore widely regarded as the quickest and cheapest way of becoming debt free. Once the plan is set up, there are no expensive monthly fees which keep you in debt. There is no need to enter into an IVA which is often regarded as ‘one step closer to bankruptcy’ and secures debts against your home. Unlike an IVA, debt settlement is totally flexible, payments can increase or decrease according to your circumstances. This means should you find yourself out of work or perhaps your car breaks down, you can change what you pay into the debt settlement plan by a positive or negative amount, dependent upon your financial situation. Unlike other debt companies, we want you to become debt free quickly, with nothing secured against your name or any assets. Settle-My-Debt is the only debt settlement company that actually wants to help you pay off your debt and offers the cheapest way to become debt free in the shortest time possibly, so you can start rebuilding your credit rating sooner!
How does Settle-My-Debt work?
During the Debt Settlement process, we will seek to negotiate on your behalf to obtain a discount of circa 45% on your debt, without adding costly monthly fees. We only get paid on the results we achieve for our customers, when we successfully set up a negotiated plan which works for both you and your creditors. This means, no more late payments, no more high interest charges and a settlement that saves you money.
View More Videos
Who is debt settlement for?
Debt Settlement is is the only truly viable route to becomming debt free, with flexible plans so your payments can be tailored to meet your circumstances. It’s suitable for anyone, there are no age restrictions and you will become debt free quickly and cheaply, with no risk to your home – unlike an IVA.
Timescales and Fees?
Our average customers who settle their debt are debt free in 36 months. Our guarantee is that if we don’t save you money on your debt, we won’t charge you! We also offer a Guarantee, that if after 12 months you are not completely satisfied with our service, you can have your last nine months of payments back – without charge. Rest assured that we only take a fee, when we make a settlement that saves you money. If we cannot negotiate a saving for you, we do not charge you. We only charge an administration fee for setting up your plan which is equivalent, to the first 2 months of your payments. This is the very common, as the costs in setting up the plan over the first 8 weeks can be high. On average, our customers will save 65% on their debt. With NO MONTHLY FEES, you will often be much better off than any debt management plan or IVA.