Debt Management Examples

Debt Management Plans

Mr L. had debts of over £12,500 and was paying £500 a month which he couldn’t afford. He was getting deeper into debt and had no one to turn to or help him. After a meeting and financial review a Debt Management Plan was arranged. All of his Creditors were contacted and a budget was drawn up.

He is now paying £236 a month to his Creditors. It will now take him a little longer to pay off his debts but his finances are more manageable, allowing him to better plan and budget for his family.