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Debt Management Plan Example – Customer in Birmingham

By December 8, 2011 No Comments

When Mr ****** contacted us back in September, it was clear that he needed urgent advice as he was in facing debt crisis and was unsure what to do. He thought his only option was bankruptcy. People must remember that bankruptcy is not the only option.

He had £31,ooo of Debt and was paying £1200 per month before contacting us, this was covering the interest and only a minimal amount of the capital debt as most debts where credit card debts.

With a Debt Management Plan, he now pays £704 per month. His creditors have agreed to freeze interest and charges on all of the debts whilst he is on the Debt Management Plan and he will be debt free in just over 4 years.

If you are facing trouble with your debts and would like confidential and professional advice contact us today.

Our offices are based in Hull but we help people across the whole of the UK. Our full contact details are below.