Case Studies
Mr W joined The Financial Helpline in October 2006 with over £42,000 of debt;
Mr W was offered a Debt Management Plan with a monthly payment of £200.00 to be paid to his 5 creditors.
Mr W was able to offer full and final settlement on a number of his creditors through The Financial Helpline, reducing the debt owed to three of his creditors to just over £14,000 from an original debt of over £25,000 saving Mr W over £11,000 from his original debt of £42,000.
Mr W became debt free on the 16th February 2009 and is now rebuilding his life without the stress of debt.
Click here to read Mr W's Testimonial.
Mr & Mrs H from London had accumulated £75,000 in debt and were in danger of defaulting on their mortgage.
We were able to:
Reduce payments by 34%
Freeze interest
Eliminate all debt in 4 1/2 years
Mr N came to us with crippling debts in excess of £115,000 caused through his gambling addiction.
First of all we tackled the root problem and counselled him into seeking help with his addiction. Subsequently, he joined Gamblers Anonymous and has now even become a volunteer helpline others.
We advised Mr N to take out a Debt Management Plan with Financial Helpline, which he started at the beginning of 2005. Mr N now owes £61,000 and is well on the way to clearing his debts, thus saving his marriage and sanity.
Mr W was a professional sports journalist who also operated a freelance business within the travel industry. After a number of years enjoying a good lifestyle the journalism started to dry up. This left him with increasing debt problems as he tried to make his travel business meet the demands of his existing committments.
Mr W contacted the Financial Helpline out of sheer desperation after his debts had spiralled out of control. His debt had now reached a staggering sum of £290,000. After negotiations with his creditors we reached a settlement figure of £77,500. We arranged for Mr W to remortgage his property to raise the money, thus safeguarding his home and business.
Mr H is a pensioner who came to Financial Helpline in 2005 with debts that were escalating out of control. Mr H had tried to help his family financially and had raised money to put his grandchildren through further education.
Mr H being typically proud did not confide in anyone until he could not reach the minimum payments on his debts and started to fall behind with payments. Mr H contacted us out of desperation and felt embarassed and ashamed.
We reassured him and went through his income and expenses and worked out what he could afford to pay back to his creditors on a monthly basis. We negotiated with his creditors to freeze all interest and charges and reduced his monthly payments down to £200 per month. His debts are also reducing at a faster rate as no interest is being charged.
Call Us Today on 0800 389 6339 for Free Advice
 
|