Debt Management - Case Studies
Jeff and Amelia Case Study
Jeff is a social worker and Talia is a full-time cleaner. They have three grown up children who have recently left home and got married.
Jeff and Talia have had debt problems for years. Once the credit card bills became too much, they settled for a consolidation loan. However, the loan did not solve the problem and further loans and credit cards were sought, in the hope that Jeff could increase his hours and Talia could find better paid work. Unfortunately this did not happen.
The strain of managing their financial situation became great, and both Jeff and Talia suffered from diagnosed stress and health problems and their marriage also suffered. By this time, they owed in total over £35,000.
With their marriage on the verge of breakdown, Jeff and Talia finally confronted their problems and sought financial help, even speaking with the Citizens advice bureau. The solution to there problem was a Debt Management program where we worked out how much they could afford to pay and applied for all interest and charges to be frozen. Their Surplus income was below £200 so they didn’t qualify for an IVA.
They have now taken control of their Debt through Debt Movers and are paying back what they can comfortably afford, in one affordable monthly repayments. They also recently celebrated their 30th wedding anniversary and are looking forward to many more years together.
