Full and Final Settlement
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What are Full and Final Settlements?
Your customer may have received a lump sum and want to use it to clear their debts. Promise will negotiate on behalf of your customer and obtain the creditors agreement to accept the 'part' payment in full and final settlement of the debt.
Full and final settlements could result in part of the debt being written off and your customer being able to rid themselves of unwanted debt.
How will it help my customer?
If a full and final settlement is accepted, your customer could be debt free or have cleared a large part of their debt – always leaving the customer in a better position.
Our experienced full and final settlement team will be able to help your customer understand the process and keep them informed throughout.
What do you charge?
We charge up to 20% of the negotiable amount.
What's in it for me?
You will receive 50% of final fee we receive.