Case Studies / Testimonials

"Stephen, 64, owed more than £60,000 in unsecured debts and being retired struggled to make the monthly payments of £770 each month. After reviewing his situation and negotiating with his creditors his monthly payments were rescheduled to £445, a payment that he could afford. With use of government legislation enabling debt write off at the end of 60 monthly payments, his IVA will be complete and he will be debt free and able to enjoy his retirement.

This is Stephens's story: I was forced into retirement after being made redundant and this is where my financial difficulties began. I already had various loans and credit cards and further borrowing seemed the only way to keep up re-payments. My pension only just covered the re-payments and I was in a perilous position, a situation seemingly endless and I felt hapless.

I would like to take this opportunity to thank all the staff and nominees, involved with my IVA proposal, for the professional, caring and understanding way in which you placed my case forward to my creditors. On contacting Debt Solution I found them to be very professional and feel they should be congratulated in the manner in which they conduct the dealing with their clients - with such sensitivity!

I'm extremely grateful that they were able to bring my case to a successful conclusion and it is personally a huge weight off my shoulders! The debt had been a constant worry for a good number of years! The successful outcome has brought "peace of mind".