Mike had a great job and was earning a large salary. He set his life out according to how much he was earning. He built up substantial debts on loans and credit cards and none of these caused him any great concern. After all, why should they when he was taking home a lot of money?

Sadly for Mike his life took a turn for the worse. He suffered personal difficulties which meant he could no longer hold down his old job. He had to give the job up but he was left with the debts.

Mike was really at his wits end until he called The Debt People. When we processed Mike’s details we found that he owed ¬¨¬£104,000. Even Mike couldn’t believe it and he thought his debt problems were worse than ever. However we advised Mike that the way forward would be an IVA. He accepted the advice and we were able to negotiate the debt down to ¬¨¬£42,000, writing off over ¬¨¬£60,000.