Your data is safe — and we never hold your money.
Debt is personal. So Settle is built to keep the absolute minimum, encrypt what it keeps, and hand the riskiest details to vetted, regulated partners — never a database we sit on.
We never hold your money
When you fund a settlement, the money is held in a dedicated escrow account by a licensed escrow and banking partner and released to your creditor only on your authorization. Settle never takes custody of your funds, never moves money on its own books, and never charges a percentage of your debt or your savings.
We never store your secrets
The most sensitive things stay with the regulated providers that need them — we keep a secure token, not the secret:
- Your full Social Security number — we keep only the last 4, encrypted, for matching. Never the full number.
- Your bank account & routing numbers — you connect your bank through Plaid; we hold a token, not the numbers.
- Your card number — billing is handled by our payment processor; your card never reaches Settle.
- Your bank login — you sign in to your bank through Plaid, not through us. We never see your password.
- Your ID documents — identity checks are run by a verification partner; we keep the result, not the documents.
What we keep, and how we protect it
We keep what we need to do the job you asked for — your contact and identity details, your debts and the offers you make, your SSN last-4 and date of birth (for identity and the credit pulls you authorize), and a record of your consents. That information is encrypted at rest and in transit, access-controlled so only the right parts of the system can read it, and logged so access is accountable. We collect the minimum, not the maximum.
You're in control
- You authorize every offer and every payment — nothing moves without you.
- Your consents are recorded and revocable; you can request a copy of your data or ask us to delete it.
- Reply STOP to any text to opt out of messages at any time.
Who we work with
Settle relies on a small set of vetted partners for specific jobs — connecting your bank (Plaid), processing your subscription, holding settlement funds in trust, pulling credit under your authorization, verifying identity, and sending messages. Each receives only the minimum it needs for its function. Details are in our Privacy Policy.
Working with Settle as a partner?
Creditors, debt-resolution firms, and partners can review our technical security whitepaper and request a security questionnaire or data-processing agreement at [email protected].
The full terms are in our Terms and Privacy Policy. Last updated June 2026.