Settle-My-Debt:
The Debt Reduction Experts

Following the credit crunch it isn't just UK borrowers who have felt the strain; UK lenders have suffered as well. Over the past ten years the banks saw large profits without paying enough attention to who they were lending to, and how much they lent. 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 the lenders are more open to accepting a reduced lump sum repayment.

Our staff are experts in debt reduction - the area is complex and requires highly trained staff who keep abreast of the latest news. We are in the ideal position to work on your behalf to negotiate a deal with your creditors. If you take up our debt reduction services we will deal with your creditors until you are free of debt, reducing some of the pressure on top of the help reducing monthly debt. Our excellent reputation in the industry and large client list mean that lenders are happy to deal with us, and trust us.

We will organise an affordable monthly payment plan and negotiate with your creditors. Debt reduction will help you by using part of your monthly sum to service the debt, while the rest will be used to grow a lump sum which we will use to agree a settlement with your creditors - this will typically be between 25% and 50% of the original sum owed.

All you need to do is make sure that you pay the affordable monthly amount and we will deal with everything else.

It is likely that your credit rating will already have been adversely affected, especially if you have a history of missed payments or loan applications. When we agree a settlement with your creditors, they will accept a reduced repayment of the money owed to them. This means they will want to stop you borrowing any more money and will issue a default notice letting potential lenders know that you are making use of a debt reduction plan.

We advise our customers that the quickest and most sensible way to rebuild a credit rating is to take care of existing debt. As soon as the debt is repaid you can start to improve your credit rating.

We can typically save you 50% of what you owe, sometimes more, depending on age, employment status and who the money is owed to.

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

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

The fees are included in the payment plan. We make our money by settling the debt you owe, so we don't take a fee until we've achieved that. There is an initial cost to set up the account, but after this there are no extra costs.

For 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, our fee will come from the money settled with the creditor. Unlike many debt reduction companies, we operate a no win, no fee service.