Case Study 1
Personal Finance

Friends referred Mr and Mrs Y. They in turn had had first hand experience of our service.

Overwhelmed by the burden of debt they were slowly sinking. A first and second mortgage on their house, personal loans and credit cards meant that they had £800 per month more going out than coming in! They even had to draw cash off the cards to then make the minimum payment – but the debt was always escalating. The positive point was that they always kept the payments up to date, but at the rate things were going that couldn’t last.

We took a schedule of all their outgoings, total debt and repayments. We spoke then to a number of lenders and agreed in principle that we could reschedule their existing mortgage and incorporate all their debt within one scheme.

Result is now that Mr & Mrs Y, are still in the house, have an impeccable credit history, and are £1000 per month better off per month. A full degree of protection has been created around the new debt to make sure nothing could go wrong, in the event of Accident, Sickness, redundancy, critical illness or death.

Think carefully before securing other debts against your home. Your home may repossessed if you do not keep up repayments on your mortgage.

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