Settle-My-Debt:
The Credit Card Debt Consolidation Experts

Consumers weren't the only ones to feel the pinch during the recent credit crunch; lenders have taken a hit as well. During the past decade the banks made huge profits by lending money without properly considering how much or to whom, meaning that much of the money has remained unpaid. The lenders are now doing all they can to retrieve as much of the money as quickly as possible. For this reason they are open to considering lump sum repayments.

We are experts in credit card debt consolidation, a complex industry that requires practitioners with expertise and knowledge of cutting-edge developments. We are in the perfect position for consolidating credit card debts, working on your behalf to negotiate a deal to help you get out of debt. Going even further, we will deal with creditors directly. We have a large client base and a great reputation within the industry, allowing us to work from a position of trust with the lenders, making them happy to work with us.

We will create a tailored monthly payment plan that you can afford by negotiating between you and your creditors. Our plans for consolidating credit card debts work by taking part of your monthly repayment to service the existing debt, and using the remainder to grow a lump sum that we then use to negotiate the total amount. Typically, the final settlement is somewhere between 25% and 50% of the original amount owed.

All we need from you is to make sure that you pay the pre-arranged monthly amount and we will deal with everything else.

It is likely that your credit rating will already have been badly affected if you have a history of missed payments or loan applications. When we agree a settlement with your creditors they accept a reduced repayment, consolidating credit card debt owed to them. This means they will want to stop you borrowing any more money. To do this they will issue a default notice letting potential lenders know that you are making use of a credit card debt consolidation plan.

Our advice is that the quickest and most sensible way for you to rebuild your credit rating is to take care of your existing debt. As soon as the debt is repaid you can start to improve your credit rating.

As a rule, we can save you half of what you owe, and sometimes more, depending on your age, employment status and who the lenders are.

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

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

Our fees are included in your payment plan - we earn our money by settling your credit card debt, and don't take a fee until that is achieved. There is an initial set up fee, but no hidden costs.

For example:
On a 36 month plan, the first two payments are used to set up the account. After this we won't take the fee until we have agreed a settlement that saves you money.

If you owe £10,000 and we settle the debt for £4,000, then we will take our fee from the amount given to the creditor. In effect they pay. We operate a no win, no fee service.