Settle-My-Debt:
Experts at Consolidating Debts

UK lenders have been hit almost as hard as UK consumers in the recent credit crunch. During the last decade, the banks made lots of profit by lending large amounts without giving full consideration to who they were lending to, and how much they were lending. Since the financial crisis occurred, the banks have found that many of these debts have remained unpaid. They are now trying to get back as much, and as quickly, as possible. This means that they are open to considering lump sum payments.

Our staff are experts at consolidating debts for debt settlement plans - a complex field which requires practitioners to be well versed in the very latest developments. We are incredibly well-equipped to work on your behalf and negotiate a deal that works for you. If you take up our services we will take over dealing with your creditors until you are free of debt, taking some of the pressure off you at a difficult time. Our excellent reputation in the industry, along with our large client list, means that the lenders trust us and are happy to deal with us.

We will draw up a monthly payment plan that you can afford by working as the negotiator between you and your creditors. Debt settlement helps you with consolidating debts by using part of your monthly repayment to service the debt, while using the remainder to build a lump sum which we then use to reach an agreed settlement with your creditors - typically around 25% to 50% of the original sum owed.

All you have to do is pay the affordable monthly payment that you have agreed with us and we will take care of the rest on your behalf.

Your existing debt will likely have affected your credit rating, especially if you have a history of missed payments or loan applications. When they reach a settlement with us, your creditors will have accepted a reduced repayment. As a result of this, they will want to prevent you from borrowing any more money and will issue a default notice letting other lenders know that you are currently making use of a debt settlement plan.

We like to advise our clients that the best way to achieve a better credit rating is to quickly and cheaply get rid of existing debt. Once you've dealt with your debt you can start to rebuild your credit rating.

We can save our clients around half of what they owe, and sometimes more. This will depend on the age and employment status of the client, as well as who money is owed to.

With a debt of £10,000 we can get you free of debt for £5,000

With a debt of £40,000 we can get you free of debt for £20,000

Our fees are included in the payment plan - we earn our money by settling your debt, so no fee is taken until that is achieved. We take an initial fee to set up your account but there are then no extra costs.

For example:
If a client is on a 36 month plan, the first two payments will be used to set up the account. After this we won't take the fee until we have agreed a settlement that saves our client money.

If you owe £10,000 and we can settle the debt for £4,000, then we will take our fee from the figure given to the creditor. In effect they pay - this is what makes us different to other debt consolidation companies - we deal in debt settlement. We operate a no win, no fee service.