What is Debt Settlement?

Debt settlement, also called “debt relief” or “debt adjustment” is the process of resolving delinquent debt for far less than the amount you owe by promising the lender a substantial lump-sum payment. Depending on the situation, debt settlement offers might range from 10% to 50% of what you owe. The creditor then has to decide which offer, if any, to accept.

How do we assist client who are having Debt Settlement issues?

If you are in a position where you haven’t paid back your loan on time and now you owe the bank or you have fallen into arrears, the first thing you should look to do is if you have the ability to raise the monies to repay your debt you should negotiate with the bank a settlement fee or pay the monies in full. Negotiating with the bank can be a very difficult task as many banks will play hard ball and will not accept anything less than the monies you originally owe.

However if you are in a position where you are unable to raise the monies yourself to repay your debt, we at immediate Bank Claims have a solution for you! We have dealt with over hundreds of cases over the last 15+ years of working in this industry with assisting clients in either

• raising commercial lending to pay off their debt through our extensive panel of lenders

There are lots of alternative ways of getting funding. If you can’t get it from a regulated lender so you can get access to personal loans or business loans, you can get first charge loans on assets you’ve got money in, and you haven’t got to have good credit and you can also get second charge loans on your house if you’re putting the money into a business. So there’s a lot of commercial unregulated lending that you can pull into the equation and you can actually get the funding. We specialize in raising commercial lending for individuals with poor credit or individuals who are asset rich, cash poor. We can also assist individuals who need to raise monies fast as we have quick bridging lenders who can raise finance in 5 days!

Even if you’ve got bad credit, there are a lot of adverse lenders out there that cater for this market. And I assume one of the main purposes of raising money, especially after the loan is debt settlement.

Or

• Negotiating the debt down to a number that is more viable for our clients. When it comes to our negotiations with lender banks we ensure we understand what the ideal outcome you want to attain is and we also ensure we go through all paper work before providing a solution to ensure we maximize the likelihood of an ideal outcome for our clients.

Debt settlement also is an area where you can consolidate your debts and come up with a payment plan with lenders. Although it does actually bring your credit rating down, there are quite a lot of debt settlement type solutions out there. So if anybody needs assistance in any of these areas, we’ve got whole Swedes of different types of teams that can help in different areas of debt and raising money.