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PERSONAL DEBT [Debt Settlements]

Debt settlements are commonly known in the industry as “Full and Final” settlements.

What are Full and Final Settlements?

A “Full and final settlement” in financial terms relates to an offer to a repay a percentage of the total debt owing your creditor. The key condition in a “full and final” settlement is that a Creditor has to agree to write off the remaining amount of debt. The decision rests entirely with the Creditor whether to accept or reject this settlement offer.

How does a “Full and Final” settlement work?

Our debt settlement team will work closely with you to draft a detailed “Full and Final” settlement proposal. We will then contact your individual creditors and negotiate on your behalf the proposed settlement on offer. The Creditors may choose to accept the proposal that we presented to them. If so, once a lump sum payment is made to them in line with the agreement, the debt will then be settled.

How do I enquire about a full and final settlement?

Firstly, we would recommend that you would contact our vastly experienced debt settlement team. They will independently and professional assess whether the settlement option is the best course of action for you to adopt. Our experience has shown that creditors are willing to negotiate and deal with clients more favourably with a settlement proposal that is presented in a professional manner by our firm.

Don’t delay; call one of our consultants today on ,. Alternatively, email us on info@debtConsultants.ie for further information.

Please note: that there is no guarantee that any proposed settlement offer will be accepted by your creditors. We will always endeavour to secure successful outcomes on behalf of our clients. However, the discretion to accept these settlement offers rests with the creditors.