Testimonies - People we have helped with their debt issues

Mrs B (Middlesex)

“I would Like to take this opportunity to thank you for your support and offering me a user friendly service, that was unbiased but informative and helpful……. There is now light at the end of the tunnel”.

Mrs B came to Ramsey Lomax when she began to struggle with her debts. Her creditors had been calling her and writing to her and demanding final settlement of her debts as she had been missing her payments.

She owed £33,435 to nine different companies and was paying out £906 a month. This was mainly interest on her credit cards meaning she was likely to be in debt for another ten to twelve years.

Having spoken with one of our friendly advisors Mrs B is now paying only £404 a month. This meant she will have £9,159 written off from her debt and she will be completely debt free in 60 months. Mrs B is no longer scared to answer the phone or open her mail.

Mr & Mrs H (Manchester)

“Since having our first child we have struggled to provide the things he needs, but now we can start family life in the way we imagined it to be and in the knowledge that we won’t have to sell our home”

Mr. and Mrs. H had debts of £20,670. Their debt was shared between them and was made up of credit cards, unsecured loans, store cards and overdrafts. They were making monthly payments of £506 and were struggling with their debts. Their joint incomes were just enough to cover their household bills and their debt repayments. However, in 2004 Mr. and Mrs. H had their first child.

The increased cost of their new family member meant that they began to fall behind with their payments and their creditors had starting contacting them regularly to demand payments.

They had also started to fall behind with their mortgage payments and faced an uncertain future.

Mr. and Mrs. H went ahead with an IVA to help them become debt free. Their monthly repayments fell to just £253 a month and their creditors had completely stopped contacting them. Having reduced the payments to their debts they can comfortably pay their mortgage. In late 2009 once Mr. and Mrs. H have successfully completed their IVA, the remaining £5490 of debt that they owe will be completely written off and they can continue family life free of debt worries.