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My friend’s debt problem

My friend recently came to me and expressed her concerns about the state of her finances.

The thing is, she’s got 3 different debts, to 3 different creditors – totalling over £15,000. She told me how every month, she struggles to afford even the most basic costs – just because her debt repayments cost so much. I had to do something to help her, I couldn’t just sit there and ignore the fact that she was struggling.

So we both sat down and did some research. We looked into what help was available to her. The results were promising. In fact, there was so much choice, she was now faced with a new dilemma!

We narrowed her options down to just two – seek professional debt advice, or manage her debts on her own.

She chose the first one – and phoned up a debt adviser the next day. She told them exactly what she told me, and within 3 months she was back on the road to financial safety. She can now afford her repayments and her debts are slowly (but surely) getting smaller. Speak to a professional debt adviser here

I can’t express how happy I am that she has found a solution. There must be so many people out there who are struggling with their debts and just don’t know what to do. The debt advice my friend received really sorted her finances out. If things go to plan, she will be debt free in less than 4 years – which suits her just fine!

Wednesday, July 14th, 2010 General