Debt Management Case Study
Increased mortgage payments make unsecured debts unaffordable.
| Debt: £5,667 | Was paying: £225/month |
| Now paying: £140/month | |
| Client had completed the fixed rate introduction period to his mortgage and has been hit by larger than expected interest rates. He has equity in the property, but opted for debt management as he does not want to remortgage nor take out a secured loan as this would increase the risk of repossession if he could not maintain those payments. |
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