Settle-My-Debt:
The Debt Settlement Experts

UK consumers haven't been the only people hit by the recent credit crunch; UK lenders have also been punished. Over the past decade, much of the banks' business has involved pursuing large profits by lending without giving proper consideration to who, and how much, they lend. Since the credit crunch occurred, they have found themselves burdened with huge amounts of unpaid debt, running into billions for many institutions. The banks are now trying to recoup as much of the debt in as short a time as possible - making them amenable to accepting a reduced lump sum payment.

Settle-My-Debt's staff are experts in the settlement of debt, a complex and rapidly changing field where it's vital to be up-to-date with the latest legal developments. Because of this, we are perfectly equipped to negotiate on your behalf. If you decide to use our services we will take over dealing with your creditors until your settlement of debt is complete. Our large list of clients and excellent reputation mean that the lenders know us and trust us.

We create an affordable monthly payment plan for you by working with both you and your creditors. Our repayment plan works by using part of your monthly payment to service the debt while the rest is used to build up a lump sum, which Settle-My-Debt will then use to agree a final settlement figure with your creditors - typically 25% - 50% of the amount owed.

All you are required to do is pay the agreed affordable monthly payment and we will do the rest on your behalf.

If you have a recent history of missed payments or loan applications, both will appear on your credit history and make it very likely that your debts will already have affected your credit rating. By using our services and taking up one of our debt settlement plans, your creditors will have accepted a reduced repayment. This means they will want to prevent you from borrowing more and will issue a default notice warning other lenders that you are on currently making use of a debt management plan.

Our usual advice is that the best way for you to regain your credit rating is to get rid of your debt as quickly and cheaply as you can. Once you've taken care of your debt, you can return to building your credit rating.

We can save you around half of what you owe, sometimes even more, depending on your age, employment status and who you owe money 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 haven't earned our money until we've settled your debt, so we don't take a fee until we've done so. After the initial costs for setting up the account there are no extra costs or surprises.

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

If the amount you owe is £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 as a settlement. In essence they pay! We operate a no win, no fee service for the settlement of debt.