Settle-My-Debt:
The Debt Consolidation Advice Experts

During the credit crunch it's not just UK borrowers who have felt the pinch - UK lenders have also suffered. During the past decade the banks made large profits by lending large amounts without paying enough attention to who they were lending to, and how much. Many of these debts have remained unpaid and creditors are looking to recoup as much as they can, as quickly as they can. This has created an environment where they are more likely to accept a reduced lump sum.

Our staff are experts in providing debt consolidation help. Debt consolidation is a very complex industry and our staff take pride in being fully up-to-date with the latest developments, meaning they can provide the best level of debt consolidation advice. We have a great reputation within the industry, along with a large client list, and lenders are always happy to deal with us. We are perfectly placed to work on your behalf, and if you take us on we will deal directly with your creditors until you have made it out of debt, taking off some of the pressure while you sort yourself out.

We will create a debt consolidation program that you can afford by negotiating with your creditors. We will use part of your single monthly sum to service the debt, then use the rest to grow a lump sum that we will then use to negotiate a settlement with your creditors which is typically between 25% and 50% of the amount owed.

All we require you to do is to pay the manageable monthly payment that we have pre-agreed and we will take care of everything else on your behalf.

If you have missed payments or made loan applications then it is likely that your credit rating will already have been affected. Once we have agreed a reduced settlement with your creditors they will want to prevent you from borrowing any more money. In order to do this they will issue a default notice, informing other lenders that you are making use of a debt settlement program. Our debt consolidation advice to our clients is that the best way to improve your credit rating is to get out of debt as quickly and as cheaply as possible. Once the debt has been paid off, then you can get on with rebuilding your credit rating.

Our aim is to save you at least half of what you owe. Sometimes it can be more, but this depends on your age, employment status and who you owe money to.

With a debt of £10,000 we would aim to get you debt-free for £5,000

With a debt of £40,000 we would aim to get you debt-free for £20,000

Our fees are included in the payment plan. Because settling your debt is our aim, we don't take a fee until we've done so. We take an initial fee to set up the account but after this there are no extra costs.

As an example:
If we take you on with a 36 month plan, the first two months' payments will be used to set up the account. After this, Settle-My-Debt won't take a fee until we have agreed a settlement that saves you money.

f the amount you owe is £10,000 and we reach a settlement for £4,000, then our fee will come from the amount that is given to the creditor. In effect, this means they pay! We operate a no win, no fee service.