Out-of-court debt settlement

Negotiation

Debt-free without insolvency proceedings? Through individual negotiations with your creditors, we reduce your debts without going through the courts. Another way out of your debts is to try to reach an out-of-court settlement with your creditors. Put simply, this is a contract with the creditors in which we try to negotiate the debt amount down as far as possible and thus negotiate acceptable conditions for you. We start with the lowest possible offer and gradually increase this in several rounds of negotiations until all creditors have agreed to the out-of-court settlement. It is possible to agree a one-off payment with the creditors or a monthly installment payment, usually over three years. If you meet the agreed payments in accordance with the contract, you will then be debt-free.

Prerequisites

Important information

All creditors are known:

You must be absolutely sure that you know all your creditors, as only those creditors who agree to the proposal will become part of the out-of-court settlement. Otherwise, unknown creditors can seize your assets again, which can lead to the settlement failing.

Financial stability:

You must be sure that you will be able to pay the agreed installments over the entire term, as the out-of-court settlement can be terminated by the creditor concerned if two installments are not paid.

Running time:

The term is individually negotiable. This can be individually adapted to your financial situation, but is generally no longer than three years. Of course, it is also possible to become debt-free immediately by making a one-off payment.

How much do I have to pay?

By negotiating with your creditors, we try to achieve monthly installments - or a one-off payment - that you can afford and that is as far below your original payment obligations as possible. The extent to which we can reduce your debt depends on the nature of your debt, your personal situation and the respective creditors.

No account and salary garnishments!

As seizures are suspended during the term of an out-of-court settlement attempt, you can freely dispose of your income apart from the agreed repayment installment to the creditors.

Schufa:

Unfortunately, in contrast to insolvency proceedings, your Schufa is only positive again three years after payment of the last installment.

These are further steps

Further steps

1. contact

Contact us today and arrange an individual consultation appointment as soon as possible!

3. contacting the creditors

If you decide on debt relief with SchuldenfreiBerlin, we will first contact your creditors and request the current status of all your debts on presentation of your power of attorney. From this point on, we are your sole point of contact in order to relieve you as much as possible.

5. negotiations with your creditors

After submitting an initial offer that is as low as possible, this will be continuously increased until all your creditors have agreed in order to achieve the best possible result for you.

2. free initial consultation

In the free and non-binding first meeting, you will get to know us and the debt advisor responsible for you personally. Please bring all existing creditor documents with you to the meeting so that we can get an overview of your financial situation. Your advisor will then show you the best way out of debt and explain the costs you will incur.

4. list of all liabilities

Once we have contacted your creditors, we use this information to draw up a list of your debts. We need these for further negotiations.

6. agreement with all creditors

Once all creditors have agreed, you will receive a repayment plan. This shows the monthly installment payments you have to make to the individual creditors and is the basis for creating standing orders. You can also see from the plan how much you have saved in total.

1. contact

Contact us today and arrange an individual consultation appointment as soon as possible!

2. free initial consultation

In the free and non-binding first meeting, you will get to know us and the debt advisor responsible for you personally. Please bring all existing creditor documents with you to the meeting so that we can get an overview of your financial situation. Your advisor will then show you the best way out of debt and explain the costs you will incur.

3. contacting the creditors

If you decide on debt relief with SchuldenfreiBerlin, we will first contact your creditors and request the current status of all your debts on presentation of your power of attorney. From this point on, we are your sole point of contact in order to relieve you as much as possible.

4. list of all liabilities

Once we have contacted your creditors, we use this information to draw up a list of your debts. We need these for further negotiations.

5. negotiations with your creditors

After submitting an initial offer that is as low as possible, this will be continuously increased until all your creditors have agreed in order to achieve the best possible result for you.

6. agreement with all creditors

Once all creditors have agreed, you will receive a repayment plan. This shows the monthly installment payments you have to make to the individual creditors and is the basis for creating standing orders. You can also see from the plan how much you have saved in total.

If you would like more detailed information on out-of-court settlement attempts, you can find it here.

FURTHER INFORMATION