Over the last 20 years, Debt Management Plans have helped many people deal with their debts in a more manageable way. However, because most Debt Management Companies actually charge their customers a monthly fee, it can often leave the customer paying MORE money than they started off owing!

On a Debt Management Plan you will pay back 100% of the money you borrowed. You are also very likely to be paying a high fee each month to the Debt Management Company. Joining a Debt Management Company that charges a monthly fee is like adding another debt to your current debts.

For example, if you pay £200 a month, you will usually pay 20% in monthly fees or £40. This will mean your creditors only get £160.00. You now pay £160 for 62 months and each month you pay £40 to the debt management company. That means you pay £2,500 in monthly fees.

The total you will payback if you have £10,000 worth of debt will be £12,500, and you will be debt free in 5 years and 2 months.

With a managed settlement of your debt you will become debt free quicker at a much lower cost. Debt settlement gives a fair outcome to your creditors, allows you to pay a reasonable percentage of your debts with greater flexibility and become debt free sooner.

If you have £10,000, worth of debt, the total our average customer will pay back (including any fees) will be £5,500. You will be debt free in 2 years and 6 months.

We can set up a plan for anyone who is struggling to pay back their debts, regardless of age or employment status. We will help take away the pressure and obtain an outcome which means you will be debt free quicker than any other method.

Call us or fill out our contact form and our Debt Advisors will provide you with the best strategy to suit your personal situation.

‘I highly recommend Settle My Debt to anyone having financial difficulty. Now I am on the road to a debt free future, one where I will always be grateful for the help and advice your company has given.’ - Simon

‘...all my creditors have accepted lower money payments and frozen my interest and charges. This has been a big help and I’m now confident that I can become debt free in a short amount of time. Their service is fast and my creditors stopped hassling me immediately, resulting in the peace of mind I now have as a result.’ - Phil

‘It is a great weight off my mind to know that the financial situation has been finally resolved and I am extremely fortunate to have been the recipient of your professional expertise, advice and assistance.’ - Tom

‘THANK YOU! You ‘don't realise’ how much the ‘stress levels’ have gone down and the ‘weight’ that has been lifted, just by not getting those calls! Again thank you for your help. I am eternally grateful!!’ - Margaret