Settle-My-Debt:
The Credit Consolidation Experts

The recent credit crunch has hit UK lenders almost as hard as UK consumers. A lot of profit was made by the banks in the past decade by lending large amounts without fully considering who they were lending to, or how much. Since the credit crunch occurred, the banks have seen many of these debts remain unpaid. They are now trying to get back as much as they can, as quickly as possible. Because of this they will consider lump sum payments.

Our staff are experts in consolidating credit for debt settlement plans - the area is highly complex and requires expertly-trained staff who keep abreast of the latest developments. Settle-My-Debt are in the perfect position to work on your behalf and negotiate a deal with your creditors. If you take on our credit consolidation services we will deal with your creditors until you are debt-free, helping to take some of the pressure off. Our excellent reputation in the industry and our large client list mean that lenders are happy to deal with us, and trust us.

We will arrange an affordable monthly payment plan and negotiate between you and your creditors. Debt settlement will help you with consolidating credit by using part of your monthly sum to service the debt, while the rest will be used to build up a lump sum which we will then use to agree a settlement with your creditors - this will typically be around 25% - 50% of the original sum owed.

All we ask of you is to pay the affordable monthly payment that you have agreed. We'll take care of the rest.

Your credit rating will probably have already been affected, especially if you have a history of missed payments or loan applications. Your creditors will have accepted a reduced payment when they agree a settlement with us; as a result, they will want to prevent you from borrowing any more money and will issue a default notice to other lenders, letting them know that you are making use of a debt management plan.

We advise our clients that the best way for them to achieve a better credit rating is to quickly and cheaply get rid of their debt. Once this has happened they can start to build their credit rating again.

We can save you around half of what you owe, and sometimes more. This will depend on your age and employment status as well as whom money is owed to.

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

Fees are included in the payment plan - we earn our money by settling your debt, so we don't deserve our cut until we've achieved this. We take an initial fee from the first two payments to set up the account but there are no extra costs after this.

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 can settle the debt for £4,000, we will take our fee from the figure passed on to the creditor - meaning that in effect, they pay! We operate a no win, no fee service.