Pete, Cumbria

“I had debts totaling £36,000 that I had built up gradually over a few years. During this time I had taken out loans to consolidate and buy a car but was finding it hard to make the full payments on my net income of £1,150 a month.

When I realised I was using my credit cards to pay my other debts I decided to seek help.

I was advised to try for an Individual Voluntary Arrangement. A proposal was put together for me, based on an offer of £260 a month which was accepted by my creditors.

This meant over 60 months I would pay back a total of £15,600 and the rest of my debt of £20,400 was completely written off!!”

Sarah, Gwynedd

“I have been living with my partner for six years and we have a daughter together. We had combined debts totaling £18,000, the worst thing about our debts was that we didn’t notice them creeping up, we didn’t have fancy cars or enjoy holidays abroad.

When I was made redundant from work, it dawned upon us how much in debt we really were and that we couldn’t afford to keep up with our repayments as I would struggle to get a job with the same salary as before. It was at this point we decided to seek help.

A monthly payment of £180 was agreed with our creditors, a total payment of £10,800 for our debts of £18,000. The best thing we have ever done, now we have total peace of mind.”