Debt Management Case Study

Client A owned £143,630 in unsecured borrowing with 19 different creditors. Monthly contractual payments were £2,419.20. We arranged an IVA which results in the monthly payments being reduced to an affordable £725.70. At the end of the 5 years Client A will have repaid £43,542 and will have seen £100,080 of debt written off.

Client B owned £73,000 and had received threats of bankruptcy. His contractual payments were £1,700 per month. We managed to arrange an IVA which resulted in monthly payments of £622. After 5 years he will have written off £32,000 of debts.