Here at Debt Solution Experts, we are well aware that everyone's personal circumstances differ greatly. But all of our clients have one thing in common: the desire and need to more easily manage their monthly financial arrangements.
Here is an example of how our services can work, and how we can make a real difference to your life;
Example:
Chris and Julie have been married for nearly 30 years. They have 2 grown up children who have now left home.
Despite both Chris and Julie working full-time, they have still accrued a large amount of debt during the course of their married life.
After amassing a number of credit card bills which they found increasingly difficult to manage, they decided to take out a consolidation loan to try to alleviate the pressure of their mounting debts. Unfortunately, the loan didn't offer the relief they had expected, so in time they turned to further loans and more credit cards.
Having anticipated an increase in Chris's working hours and hoping that Julie could find work with better pay, they thought that they would finally be able to turn their finances around. Unfortunately, these expectations did not come to fruition, and the strain soon started to create health and stress-related problems for both of them. Realising the extent of their debt, which was now in excess of £70,000, their marriage came under a massive amount of strain.
On the verge of complete financial and emotional collapse, Chris and Julie came to realise that they had no choice but to seek advice. Upon speaking to debtsolutionexperts.co.uk, they saw that an Individual Voluntary Arrangement presented a sensible solution to enable them to pay back their debts and avoid the threat of bankruptcy.
Chris and Julie's debts are now being paid off in single monthly repayments. And not only are these instalments easily manageable, but by resolving their financial problems with an IVA, their total debt has been reduced by a massive 50%.
Chris and Julie are now looking to the future - to finally being debt free and to many more years of happy marriage.
To see how a Debt Management Plan or IVA could help you, please contact us.
