What is a Full and Final Settlement


A full and final settlement is appropriate
when a client has either some savings or has recently come into an inheritance and will
make an offer to repay part of their debt. The process of delivering a full and final
settlement can take anywhere between three to five weeks depending on how quickly the
creditors respond. As part of the full and final settlement process,
Consolidated Credit will negotiate with the creditors on their behalf. A full and final
settlement will cover most unsecured debts so things like credit cards, store cards,
short term loans and utility bills.

Leave a Reply

Your email address will not be published. Required fields are marked *