Homeowner Testimonial

I.T. Professional - Surrey

"I couldn't believe it; I cannot express how I felt. I had a way forward, which included keeping my house, incredible."

I was made redundant after 25 years service as an IT professional at 55 years of age, I had a wife, children and a large mortgage. The payout didn't last but unfortunately my "very good" credit rating kept things afloat for probably too long, allowing the credit card debts and associated interest to build up to a massive level.

I kept putting things off hoping I would get employment, whilst the debts mounted. Finally I reached the credit limits on all my credit cards and bank balances. I felt sick; my world was about to crash in around me and I fully expected to lose my house.

The Government's National Debt Web-site was unclear and did nothing to allay my fears, but did refer to IVA's.

I searched the internet for companies that helped people to manage debts (not debt consolidation companies as I was not in a position to borrow anymore).

At last I got help when I found The Debt Advisor. Actually that is a gross under statement. I can't remember how long I was on the phone to The Debt Advisor for, but they listened to my situation and explained possible options. I couldn't believe it; I cannot express how I felt. I had a way forward, which included keeping my house, incredible.

I managed to get a job, albeit low paid, but enough to enable me to put a proposal to my creditors, to pay off a percentage of an agreed settlement figure for my debts over a five year period.

From this point The Debt Advisor dealt with my creditors on my behalf and the creditor's continual phone calls to my house day and night eased, until they ceased completely.

The Debt Advisor team has been marvellous, not only finding a solution, but also being highly professional, understanding and approachable in all my dealings with them. I cannot recommend them highly enough.

Whilst things will still be tight, my family and I can continue to live in our house; my children will be able to complete their studies and will hopefully be in employment in the next couple of years. Things should become easier.

 

 

The Next Step

All debt solutions should be very carefully considered; we will always provide you with the best advice to ensure you get a soft landing away from the burden of debt. Simply forward your details on our Contact Form and we will contact you. Alternatively ring us on our FREEPHONE ADVICE LINE 0800 085 1825 to have a full consultation with our specially trained advisors.

The Insolvency Service has produced a guide: In Debt - Dealing with your creditors, to support those who find themselves in financial difficulty during the recession.

 

Financial Information

All debt solutions should be very carefully considered. Fees will be charged if a solution is taken in order for us to set up and maintain your plan - all fees will be outlined during your consultation. For further information on fees, please see the FAQ section of the different solutions available. Retained payment may place you further into arrears. The Debt Advisor complies with the Consumer Credit Act and you have a right to a cooling off period of 7 days. It is likely that your ability to obtain further credit in the short term will be affected and this may also be the case over the medium to long term. 

 

All debt solutions should be very carefully considered. Fees will be charged if a solution is taken in order for us to set up your plan and maintain it - all fees will be outlined during your consultation. For further information on fees, please see the FAQ section of the different solutions available. Retained payment may place you further into arrears. The Debt Advisor complies with the Consumer Credit Act and you have the right to a cooling off period of 7 days. It is likely that your ability to obtain further credit in the short term will be affected and this may also be the case over the medium to long term