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Experience of a debt management plan Debt Management Plan 

Repaid Debt Over 6 Years

I entered a debt management plan after i fell behind on my repayments to credit cards and a loan, due to an illness which stopped me working. My illness meant i was unfit to work for at least 6 months, even though I received some health benefits they weren’t enough to cover my expenses. My debts gradually got larger and larger until my creditors were threatening to take legal action against me and even sent bailiffs to my door. I tried to negotiate with them and explained my situation however…

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Mortgage debt experience Mortgage 

Drowning In Mortgage Arrears

I spent all my life avoiding debt by always paying for things like my mortgage with money I saved or had earned, however that all changed My husband became ill and was no longer able to work full time, this meant we were £1500 per month worse off each month and debt built up. My husband was receiving some disability benefits but it still left us short and I couldn’t do any more hours at work to make ends meet. Our mortgage was our biggest expenditure but we couldn’t reduce…

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