Settle-My-Debt:
The UK Debt Management Experts

In the recent credit crunch it's not just UK borrowers who have had problems with debt management, UK lenders have also suffered. Over the last ten years, the banks saw big profit potential in lending large amounts without giving full consideration to who they were lending to, and how much. Since the credit crunch, the banks have seen many of these debts go unpaid. For this reason they are trying to get back as much of the money as quickly as possible, and are far more open to considering reduced lump sum repayments.

Our staff are UK debt management experts. Debt management is a 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 management. UK customers understand that we have a great reputation within the industry, and our extensive client list means that lenders are always happy to deal with Settle-My-Debt. We are ideally placed to work on your behalf, and if you use our services we will deal directly with your creditors until you have paid off your debt, removing some of the pressure while you get back on your feet.

We will draw up a debt consolidation plan that you can afford by negotiating directly with your creditors. We will use part of your monthly single payment to service the debt and the rest to build-up a lump sum that we then use to negotiate a settlement with the creditors - typically between 25% and 50% of the total amount owed.

All you must do is pay us the affordable monthly payment. We'll take care of the rest.

Your credit rating may well already be affected 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 of the 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 UK debt management plan.

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

As a rule, we can save you 50% of what you owe, sometimes more depending on your age, employment status and who the lenders are.

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

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

Our fees are included in the payment plan - our money is earned by settling your debt, so we don't take a fee until we've done just that. There is an initial cost for setting up the account but after this there are no extra costs.

For example:
If you are on a 36 month plan, we will take the first two months of payment as costs for setting up the account, but then we will only take a fee when we have agreed a settlement that saves you money.

If the amount owed is £10,000 and we manage to settle the debt for £4,000, then we will take our fee from the amount paid to the creditor as a settlement. We operate a no win, no fee method for our services in debt management. UK consumers will know how reassuring this system is.