Settle-My-Debt:
The Credit Card Consolidation Experts

During the recent credit crunch consumers weren't the only ones to feel the strain; lenders have been hit too. Over the last ten years the banks made big profits by lending money with less discrimination than they might, meaning that a lot of the money lent has remained unpaid. The lenders are now doing what they can to get as much of the money back as quickly as possible. This is why they are willing to accept lump sum repayments.

Settle-My-Debt are experts in credit card consolidation, a complicated area of the industry requiring expertise and knowledge of the latest developments. We are ideally equipped for consolidating credit card debts, working on your behalf to negotiate a deal that gets you out of debt. We will even deal with creditors directly on your behalf, helping to take some of the pressure off. We have a great reputation within the industry and a large client base, allowing us to work from a position of trust with the lenders.

We will create a bespoke monthly payment plan that you can afford by negotiating between you and your creditors. Our plans for consolidating credit cards work by using part of your monthly payment to service the existing debt, while using the rest to feed a lump sum that we can then use to negotiate a reduced settlement. This final settlement is typically somewhere between 25% to 50% of the amount originally owed.

All you need to do is make sure that you pay the pre-arranged affordable monthly amount and we will deal with the rest.

Your credit rating may well already be in pretty bad shape if you have a history of missed payments or loan applications. If we agree a settlement with your creditors they will have accepted a reduced repayment, consolidating credit card debt owed to them. This means they will want to prevent you from borrowing any more money and will issue a default notice letting other lenders know that you are making use of a credit card consolidation plan.

Our advice to our clients is that the quickest and best way for them to improve their credit rating is to sort out their existing debt. Once the debt is repaid they can start to rebuild their credit rating.

Generally, we can save our clients half or more of what they owe, depending on their age, employment status and who the lenders are.

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

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

We include the fees in the payment plan. Our money is earned by agreeing a settlement that gets you out of debt - we take no fee until this is achieved. An initial payment is taken to set up the account, but after this there are no extra costs.

For example:
On a 36 month plan, the two initial payments will be used to set up the account. After this we won't take anything until we have agreed a settlement with your creditors that saves you money.

If you owe £10,000 and we agree a settlement of £4,000, then we will take our fee from the money that the creditor gets. Effectively, they pay for you. Settle-My-Debt operate a no win, no fee service.