Traditional debt collection methods can be slow, expensive, and damaging to customer relationships. Even “no win, no fee” collection agencies can leave your client unwilling to do business with you again.
Settl.it offers a smarter, hassle-free alternative that preserves relationships while maximizing your chances of a fair settlement. Our no win, no fee model ensures minimal cost.
How It Works:
- You Stay in Control – Set a confidential minimum amount you’re willing to accept.
- They Get 3 Chances – The debtor submits up to three bids to settle the debt.
- Fair & Secure Payments – If a bid meets or exceeds your minimum, they pay through our Settl.it trust account, and we transfer the amount (minus our fee) directly to you.
It’s that simple! If no settlement is reached, you can still explore traditional collection methods—you have nothing to lose.
Start resolving debts the smart way with Settl.it today!
Collecting a debt of £5,000 using traditional methods could mean you only recover
£1,351*
or
%
An amicable settlement on settl.it of £3,500 will save you
£1,949
Plus you’ll retain the relationship of valued customers.
Collecting a debt of £15,000 using traditional methods could mean you only recover
£6,001*
or
%
An amicable settlement on settl.it of £13,000 will save you
£5,699
Plus you’ll retain the relationship of valued customers.
* after estimated costs of litigation, and your own time costs
Create a claim
1. Create a claim
Enter claims individually, upload a spreadsheet containing multiple claims, or arrange secure file transfer from your data center. Once the claim is created, attach invoices and other relevant data.
Invite to settle
2. Invite to settle
settl.it emails the parties owing you money and invites them to settle or negotiate online.
Negotiate
3. Negotiate
The other party has 3 chances to bid online and meet or exceed the minimum amount that you have set in advance. Your minimum will be kept a secret from the other party.
Settlement
4. Receive payment
settl.it arranges a secure online payment to complete the settlement. This amount is then transferred directly to your personal / business bank account.
Fees
5. Fees
The service fee for using settl.it is only 10% of the amount paid by your debtor.
No settlement no fee.