Settle-My-Debt:
The Debt Consolidation Program Experts

In the recent credit crunch, UK lenders have been hit just as hard as borrowers. Over the last ten years, the banks made a lot of profit by lending large amounts without giving full consideration to who they were lending to, and how much they were prepared to lend. Since the credit crunch, the banks have seen many of these debts remain unpaid. For this reason, they are trying to get back as much of the money as they can, as quickly as possible, making them far more open to considering reduced lump sum repayments.

At Settle-My-Debt, our staff are experts in creating debt consolidation programs - a complex and constantly changing part of the industry which requires staff to be up-to-date with the very latest developments. We have a great reputation in the industry, and a large client list, meaning that lenders are happy to negotiate with us. We are incredibly well-equipped to work on your behalf, and if you take up our services we will take over dealing with your creditors until you are free of debt, helping to take some of the pressure off you while you get back on your feet.

We will create a debt consolidation program that you can afford, by negotiating between you and your creditors. Our programs will help by using part of the monthly repayment to service the debt, then using the remainder to build up a lump sum which is used to reach a negotiated settlement with the creditors - typically in the region of 25% and 50% of the amount owed.

All we need from you is to pay the pre-agreed affordable monthly payment and we will take care of the rest on your behalf.

If you already have a history of missed payments or loan applications, then the chances are that your credit rating will have been affected. When your creditors reach an agreement with us, they will have accepted a reduced payment and will want to prevent you from borrowing any more money. In order to do this they will issue a default notice letting other lenders know that you are making use of a debt consolidation program.

We believe that the best way for our clients to achieve a better credit rating is to get free of debt as quickly and as cheaply as they can. Once the debt has been repaid then you can start to rebuild your credit rating again.

We aim to save you half of what you owe, sometimes more, depending on your age, employment status and to whom the money is owed.

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

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

We include our fees in the payment plan. It's our job to settle your debt, so we don't take a fee until this is achieved. There is an initial fee to set up the account but there are then no extra costs.

For example:
For a client on a 36 month plan, the first two 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 our client money.

If you owe £10,000 and we can settle the debt for £4,000, then our fee will come from the figure that is given to the creditor. Basically this means, they pay! Settle-My-Debt operate a no win, no fee service.