Debt Settlement Negotiations

Full and Final Settlement Negotiations can be an effective debt management tool that can be used when an individual has a 'lump sum' that can be used to negotiate a single bulk payment in return for any remaining debt to be cancelled or 'written off' by an individuals creditors.

The rationale for creditors agreeing to write off often large amounts of debt in exchange for a single lump sum payment is that creditors often feel that this may be the best commercial deal they are likely to recive in reality as often the alternative option for them may be to receive smaller regular payments towards the debt over a much longer period of time.

Typical Full & Final Settlement Scenarios

There are many circumstances when a person may be able to take advantage of the Full and Final Settlement service that we offer however typical circumstances are as follows:

* Money Raised From Remortgaging A Property
* Money Raised From The Sale Of A Property
* Cash Inheritance Awards
* Cash Donation By Family Members
* Redundancy Payment Award
* Legal Compensation Award
* Money Raised Via Sale of Share Ownership

Were a lump sum is available to offer to our clients creditors the Debt Advice Team will typically negotiate with creditors based on the fair and equitable distribution of the available money based on a pro-rata caluculation. This simply means that we will negotiate a full and final settlement payment with creditors by ofering the equitable disbursement of available funds relative to the size of a creditors debts in relation to the size of the debts owed to our clients other creditors.

This negotiation strategy is widely acknowledged to be the fairest way of reasonably dealing with unsecured credit debts and it is th method typically used by courts in Ireland and other countries.

For more information about our Full and Final Debt Settlement Service and to to discuss your debt options in more detail please feel free to chat with the Debt Advice Team by calling us free of charge on 1-800-550-330 and we will be happy to examine all of the debt solutions and options available to you.

Alternatively, you are welcome to start a secure online chat with one of our advisors by clicking on the 'Live Help' button at the top right of this page.

You can of course simply complete our quick contact form by clicking here and an advisor wil contact you at the time and method that you specify.