Settle-My-Debt:
Paying Off Debt with our Expertise

UK consumers haven't been the only people hit by the recent credit crunch; UK lenders have also felt the pinch. Over the past ten years, much of the banks' business involved pursuing large profits by lending without due care. Since the current economic problems occurred, they have found themselves burdened with large amounts of unpaid debt. The lenders are now trying to get as much of the money back as quickly as possible. For this reason they are willing to accept reduced lump sum settlements when customers pay off debt.

At Settle-My-Debt, we are experts in debt management - a complex and rapidly developing industry where it is essential to be abreast of the latest developments. This dedication means that we are ideally placed to negotiate on your behalf. If you make us your debt settlement company we will deal directly with your creditors while you are paying off debt. Because we have developed a large client list and an excellent reputation within the industry, lenders are happy to deal with us and they trust us.

What makes our service different from many other companies is that we will take part of your monthly repayment and use it to service the existing debt, but we will use the remainder to create a lump sum which we can then use to agree a reduced settlement with your creditors. Typically, this final reduced settlement will be between 25% and 50% of the amount owed.

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

If you have a history of missed payments or loan applications then your existing debt will already have affected your credit rating. When we agree a settlement with your creditors they will have accepted a reduced repayment for your debts. Because of this, they will prevent you from borrowing any more money by issuing a default notice letting other lenders know that you are making use of a settlement plan while paying off debt.

We advise our clients that the quickest and best way for them to improve their credit rating is to pay off debt - it's that simple. Once this has been done then they can rebuild their credit rating.

We can save our clients around 50% of what they owe, sometimes more. This will depend on the age and employment status of the client as well as who money is owed to.

For a debt of £10,000 you could pay off debt for £5,000

For a debt of £40,000 you could pay off debt for £20,000

We include our fees in the payment plan. It's our job to settle your debt, so we don't take a fee until this is done. There is an initial fee to set up the account but there are then no extra costs.

For example:
On a 36 month plan, the first two 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 our client money.

If you owe £10,000 and we can settle for £4,000, then our fee will come from the figure given to the creditor. Basically this means, they pay! Settle-My-Debt operate a no win, no fee service.