Settle-My-Debt:
The Debt Restructuring Experts

The recent economic problems have also hit UK lenders relatively hard. A lot of profit was made by the banks in the past decade by lending large amounts without fully considering who they were lending to. Since the credit crunch, the lenders have seen many of these debts go unpaid. They are now trying to get back as much as they can, and as quickly as they can. Because of this they will often negotiate reduced lump sum payments.

Settle-My-Debt are experts in what is required for a debt restructure. This is a complicated area of the industry requiring knowledge of the latest developments. We are ideally equipped for debt restructuring, working on your behalf to negotiate a deal to reduce your debt. We will even deal directly with creditors on your behalf, helping to remove some of the pressure. We have a large client base and a great reputation within the industry, allowing us to work from a position of trust with the lenders.

We will create a tailored monthly payment plan that you can afford by negotiating between you and your creditors. Our plans for debt restructuring work by using part of your monthly payment to service the existing debt, and the rest to feed a lump sum that we can then use to negotiate a reduced settlement. This final settlement is typically somewhere between 25% to 50% of the amount owed.

All we need from you is to make sure that you pay the monthly amount and we will deal with the rest.

If you have a recent history of missed payments or loan applications, your debts will already have affected your credit rating. By using our services and taking up a debt restructuring plan with us, your creditors will have accepted a reduced repayment from you. Because of this, they will want to prevent you from borrowing any more money and will issue a default notice telling other lenders that you are currently using a debt restructuring plan.

We advise our clients that the quickest way for them to improve their credit rating is to pay-off their debt. Once the money is repaid you can rebuild your credit rating.

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

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

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

The fees are included in the payment plan - we earn our money by settling your debt, so we don't take a fee until we've done just that. After the initial costs for setting up the account there are no extra costs.

For example:
If a client is on a 36 month plan, we will take the first two months of payment towards the costs of setting up the account; after this we will only take a fee when we have agreed a settlement that saves our client money.

If you owe £10,000 and we manage to get an agreement to settle the debt for £4,000, then we will take our fee from the figure given to the creditor. In essence they pay! We operate a no win, no fee service for debt restructuring.