Case Study: Jane

Jane got out of a violent relationship 5 years ago. In the process she lost just about all she had, which included her job. Throughout her marriage her husband had been accumulating debts many of which were also in her name. Jane’s total indebtedness amounted to £124,000. She managed to get a new job but shortly afterwards she became pregnant from the new partner. Once the baby had been born she returned to work part time, but then her partner was made redundant. He was 58 at the time an in receipt of a military pension though he has not worked since.

Between them their income was quite low and Jane still owed around £66,000. She became clinically depressed and defaulted on her debts.

She came across an advertisement for Gregory Pennington Debt Management and contacted the organisation. They contacted all of Jane’s creditors and persuaded all of them to freeze interest and to accept reduced payments. In total her repayments were reduced to £234 a month.

For a while Jane was able to maintain these payments, but over time her circumstances worsened and even the £234 a month became unaffordable. Again Gregory Pennington Debt Management contacted he creditors and negotiated a reduced payment to only £90 a month until her circumstances improve.

There are many people in circumstances similar to Jane and who desperately need help in sorting out their debt problems. Gregory Pennington Debt Management provides debt solutions to people with unaffordable debt. Only be talking to them can you discover what is the best solution for your particular circumstances. Perhaps an IVA would be suitable if your debt cannot be paid off in a reasonable time frame, perhaps you need a personal debt management plan to reduce and reschedule your payments, or perhaps debt consolidation it your best option.

Gregory Pennington Debt management understands the importance of personal help and advice and has to hand the necessary tools that can make you debt free.