News and tips on tackling debt, living on a debt plan and other debt matters
Can you settle your debts and pay less?
Posted 14 June 2017 by Christine Walsh
It’s sometimes possible to clear your debts with a lump sum of money, even if you don’t have enough to repay everything you owe. If your lenders agree to accept the lower amount, this is known as a ‘partial’ or ‘full and final’ settlement.
To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.