Settle-My-Debt:
The IVA Debt Experts

UK consumers aren't the only ones to have been hit by the recent credit crunch; UK lenders have also been stung. 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 recession, the lenders have found much of the debt has remained unpaid. 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 for IVA debts.

Settle-My-Debt's staff are experts in IVA debt, a complex and rapidly changing field where it's vital to be up-to-date with the latest legal developments. This is why 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 the settlement 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 by working with you and your creditors. Our repayment plan works by using part of your monthly payment to service the IVA 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 - this is typically 25% to 50% of the amount owed.

All you need to do is pay the pre-arranged affordable monthly amount and we will deal with everything else.

Your existing IVA debts will likely have affected your credit rating, especially if you have a history of missed payments or loan applications. When they reach a settlement with us, your creditors will have accepted a reduced repayment. As a result of this they will want to prevent you from borrowing any more money and will issue a default notice letting other lenders know that you are currently making use of a debt settlement plan.

We like to advise our clients that the best way to achieve a better credit rating is to quickly and cheaply get rid of your existing IVA debt. Once you've dealt with your debt you can start to build your credit rating again.

We aim to save you half of what you owe, sometimes more, depending on your age, employment status and who the money is owed to.

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

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

Our fees are included in the payment plan. Because settling your IVA debt is our aim, we don't take a fee until we've done so. We take an initial fee to set up the account but after that there are no extra costs.

For example:
If we take you on with a 36 month plan, the first two months' payments will be used to set up the account. After this we won't take a fee until we have agreed a settlement that saves you money.

If the amount you owe is £10,000 and we reach a settlement for £4,000, then our fee will come from the amount that is given to the creditor. In effect, this means, they pay! We operate a no win, no fee service.