Debt Management Case Study
Separation and pregancy make repayments unaffordable.
| Debt: £19,139 | Was paying: £534/month |
| Now paying: £200/month | |
| Client had separated from her partner and then found out she was pregnant. She was working but was still in her probation period so was not entitled to full maternity pay. Due to the two large changes in her circumstances coupled with the increase of expense of being a single parent with a new born meant that her finances went out of control. She knows this can't continue and this is a realistic option for clearing her debts. A consolidation loan is not an option as she has nothing to secure it against and the debt is too large for an unsecured loan. |
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