Debt Settlement Support

Debt Settlement Support

Use a lump sum wisely and settle debt with written confirmation.

If you receive a bonus, pension payout, sale proceeds or other lump sum, settling debt may reduce the amount you owe and shorten your path to financial stability. We help you understand which accounts to address first and seek written settlement figures from the relevant creditors.

Debt settlement support

How settlement support works

A careful process for assessing options, obtaining written terms, making verified payments and keeping proper records.

Settlement stageWhat happens
Account review
Review the accounts, legal status, balances and available lump sum.
Opportunity assessment
Identify priority accounts and possible settlement opportunities.
Written quotations
Request or help obtain written settlement quotations from creditors.
Offer comparison
Compare proposed settlements, expiry dates and payment instructions.
Settlement understanding
Confirm that the consumer understands the effect of a partial or full-and-final settlement.
Payment records
Retain proof of payment and request paid-up or settlement confirmation.
Credit-report follow-up
Check subsequent credit-report updates and dispute inaccuracies where necessary.