IVA Case Studies
When you get in contact with us, our advisors will help you decide on the best debt solution for you, based on your personal circumstances.
Here are some fictional case studies to illustrate how we could help you
Ross and Becky are parents with two boys. They own a house in Tyne and Wear, worth £90,000 with a £75,000 mortgage.
Reg and John are living together in rented accommodation. Reg used to be a busker with irregular income and John is in full-time employment as a fireman.
Amy is single and works as a clothes designer for Primark. She is in debt from her student days where she managed to run up £12,300 on various credit cards, store cards and overdrafts. Amy is only on £16,500 per year and is struggling to pay her creditors...
Bob is a self-employed builder, who trades under his own name. He is well respected and has a steady flow of income. Bob's money worries began when he first became self-employed.
Alan is a company director of a successful French food import business that he has been running for the past ten years (specialising in the various types of mange tout that are available). This company always has been successful and the cause of the problem was due to a second import business that Alan tried to set up.
Hilda is 82, and has been retired for a number of years. Hilda has devoted her life as a poorly paid anti-war campaigner, meaning that the only income she has now is from a state pension. She owns a home but is now in negative equity.
Eddie has just finished university and has been let loose on the real world. While at university Eddie managed to rack up £12,000 on his credit cards and a further £16,000 in Student Loans. Eddie studied Fashion Design at Brighton University for three years. His course is notoriously expensive and he had to buy all the materials for his projects, which ran into thousands of pounds over the years.
Paul is solely on benefits - he receives Income Support and Disability living allowance only. He has a full time carer and is unable to work. Paul's money troubles began soon after he was involved in an accident, resulting in his inability to continue working.
Whatever your circumstances, for personal advice, call us on 0800 16 999 46 or simply fill in the application form on the right. Our advice is free and completely confidential.