You could write off up to 85% of your unaffordable debt
Catalogue Debts Written Off,Catalogue Debt,What is Catalogue Debt?
Catalogue Debts Written Off,Catalogue Debt,What is Catalogue Debt?

Can You Settle a Secured Loan?

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Why are we asking this question?
By knowing how much debt you owe, we can ensure we are able to offer you the most appropriate debt solution for your needs. Some debt solutions, like an IVA, require you to owe more than £5,000.

If your financial situation improves significantly, then you may want to settle some or all of your debts earlier than planned. You should be able to do this, as long as your lender agrees.

Most, if not all lenders will agree to this, but many will require an early repayment penalty charge. This makes up for some or all of the interest that they would go onto to lose.

 

Check the terms of the agreement you signed, as that should contain details as to how much you will need to repay.

 

To find out more about this, take a look at out Secured Loan Debt page.

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