We've put together a list of questions we frequently get asked by intermediaries about full & final settlements. If you can't find the answer you're looking for, please give us a call on
0845 60 60 661.
What is a full & final settlement?
A full & final settlement means that we approach your client's creditors to agree that they let your client pay a lump sum which is less than the full balance they owe on their unsecured debts. In return for receiving a lump sum payment from your client, the creditor agrees to write off the rest of their debt.
Is there a guarantee my client's creditor will accept a full & final settlement?
No, there is no guarantee that all your client's creditors will accept a full & final settlement agreement. However, at Invocas Financial, we are experienced in negotiating with creditors and will try our best to get a positive outcome for your client should a full & final settlement be the best debt solution for them.
What are my next steps?
If you think your client may benefit from full and final settlement, call our team on 0845 60 60 661 who would be happy to discuss any cases with you.
