Settle-My-Debt:
The Expert Debt Management Company

UK consumers aren't the only ones to have been hit by the recent credit crunch; UK lenders have also been burnt. During the past decade, many of the banks pursued large profits, and lent without giving proper thought to who they were lending to and how much was being lent. Since the credit crunch, the lenders have found much of the debt has remained unpaid. In this climate, the banks are eager to get back as much of the money as quickly as they can. This is why they are willing to consider reduced lump sum payments.

At Settle-My-Debt, we are experts in debt management - a complex and rapidly developing industry where it is essential to be up-to-date with the latest developments. This dedication means that we are ideally placed to negotiate on behalf of our customers. If you make us your debt management company we will deal directly with your creditors until your debt is repaid. Because we have developed a large client list and an excellent reputation within the industry, lenders are happy to deal with us and trust us.

What makes our service different to many other debt management companies is that we will take part of your monthly repayment and use it to service the existing debt, but we will use the remainder to create a lump sum which we can then use to agree a reduced settlement with your creditors. Typically, this final reduced settlement will be between 25% and 50% of the amount owed.

All you have to do is to make sure that you pay the pre-agreed monthly payment and we will take care of everything else.

It is likely that your credit rating will already have been affected, especially if you have a recent history of missed repayments or loan applications. By using the services offered by debt management companies you will have agreed with your creditors for them to accept a reduced repayment for the debt owed. For this reason, they will want to prevent you from borrowing any further and will issue a default notice informing other lenders that you are using the services of a debt management company.

Our clients know that the quickest way for them to get on with rebuilding their credit rating is to get out of debt as quickly and cheaply as possible by using our services.

Typically we can save our clients around half of what they owe, sometimes more, depending on the age of the client, their employment status and who the money is owed to.

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

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

We include the fees in the payment plan. Settle-My-Debt make our money by settling the debt you owe, so we don't take a fee until that is done. There is an initial cost to set up the account, but after this there are no hidden costs.

As an example:
If you take up a 36 month plan, we will use the first two payments to set up the account but after this we will only take a fee when we have agreed a deal that will save you money.

If you owe £10,000 and we manage to settle that debt for £4,000, then our fee will come from the money paid to the creditor. Unlike many debt management companies, we operate a no win, no fee service.