Full & Final Settlement
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The opportunity to offer a full and final settlement
Should
a client during the term of the agreement be able to raise a lump
sum of money through Family & Friends, Secured
Loan or a Remortgage
etc even if the amount does not fully satisfy those debts, it
can still be offered to creditors as a full and final settlement.
Acting on your instructions, Bespoke Debt Solutions will make contact with your creditors, negotiate a lump sum payment offer which will be distributed equally to all your creditors, we will deal with all aspects of the full and final settlement and will keep you informed of progress through to completion. a settlement can be made via an IVA or an informal agreement with your creditors.
How you would benefit with a full and final settlement?
- Quite often creditors are prepared to settle for a good deal, less than the amount outstanding.
- A step closer to becoming debt free.
- With a reduced number of creditors to pay, your pro-rata monthly payments to creditors will increase therefore; it will reduce the time it will take to pay your debts off.