A settlement is an option we at WL Recoveries may be able to offer you, it will involve understanding your financial situation and circumstances to determine this option is for you.
A settlement is a reduced amount applied to the overall outstanding balance which you can either pay the amount in full or in instalments.
This option will typically be marked on your credit file as “Partially Settled”, “Settled”, or “Satisfied” depending on the credit reference agency used. It may impact your ability to obtain credit in the future and will remain on your credit file for a period of 6 years from the date of the original default date.
Please visit our contact page HERE to request a settlement.