Full and final IVA - case study
Post Lady - Kent
Since the age of 18 I have always had credit card, loans
and overdrafts. My debts gradually increased over the
years, using 'cash advances' for nights out and spending
sprees.
Credit card companies just kept on increasing my limits,
which I did not refuse. As there was more money
available I used it and then only paid the minimum
amount required each month.
All this resulted in me owing more than £28,000 with
nothing to show for it, no car, no house deposit, etc. In
December 2002, I finally realised I had a problem; I
couldn't afford the minimum payments each month, so I
did the best thing I have done for a long time, I took
advice from The Debt Advisor.
I entered into an Individual Voluntary Arrangement which provided for a lump sump of
£15,000 to be paid into the arrangement to settle my debts in full. Creditors received a
dividend of 41p in the £.
To find the best solution for you Contact Simply Debt Solutions or Send Your Details to
The Debt Advisor today.
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