Debt Case Studies 

Below are some typical examples of how we have helped our clients deal with their debt. To see if we can help you in the same way, contact us direct on 0808 131 9112.

Debt Management Case Studies

Mr K. Debt    £20,000      Was paying: £650/month
                                   Now paying: £250/month
 
Mr K. has an income £1180 per month, and was managing payments until he split up from his girlfriend and had to move into new accommodation. This increase in living expenses meant that he has not struggling to payback his debt. He came to Debts Management who recommended a Debt Management Plan for him, as he didn't have enough creditors to get accepted for an IVA. But now his payments are reduced to a manageable monthly amount he no longer has to worry about missing payments to his mortgage or secured loan.

 

 

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)