Debt help


The Debt Advisor were able to quickly assess his situation and created a bespoke Debt Management Plan

Customer Background

Abbas was referred to TDA after he had found himself without work. Previously working as a Chartered Accountant, Abbas could afford his credit commitments and had a debt level of just under £17,000. After losing his job, Abbas could not afford his credit card repayments, and with charges accruing, his minimum repayments over £650 per month. As Abbas was looking to find a new employer, is income was erratic, and found he only had £200 available at the end of the month after budgeting for everyday living expenses.

The Debt Advisor were able to quickly assess his situation and created a bespoke Debt Management Plan taking into account Abbas’ specific circumstances, and his creditors accepted his offer of repayment through the plan.

Abbas’ creditors were very supportive and all agreed to freeze interest and charges. After reviewing his income and expenditure The Debt Advisor found Abbas could afford contributions of £250 per month, this meant Abbas would be able to clear his debts in 6 years and 1 month. Following Abbas’ second annual review, he told us he had found a new job with a much better salary, this meant he could increase his contributions to £450, which meant he was finally able to completely clear his debts in less than 5 years, over 13 months quicker than predicted.  Abbas now debt free and is able to look forward to managing his monthly budgets without having to worry about historic debt. 

Situation before

Total unsecured debt: £14,977
Surplus income: £250
Approximate monthly commitment to creditors: £650
Monthly shortfall: £400

Situation after

New monthly payment: £250

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There is an alternative free-to-consumer debt services from the Money Helper.

The Debt Advisor Accreditations

There are alternative free-to-consumer debt services from the Money Helper.

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Customer Support

18-22 Lloyd Street, Manchester, M2 5WA

Monday to Thursday: 9:00 am – 7:30 pm
Friday: 9:00 am – 3:30 pm

Company Registration: 06248441 | The Debt Advisor Limited is Authorised and regulated by the Financial Conduct Authority Reg No: 659920.

All debt solutions should be very carefully considered. Please note, if you are struggling with debt issues and need advice on your options, we’ll take a look at your financial situation and explain the available options. If it is appropriate to refer you to one of our trusted providers for a solution, we may get a fee for introducing you, or for the preparatory work we complete. Fees are payable if ongoing services are provided.

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