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Client Case Studies
Client Case Studies
Mrs B, of Co Wexford
Mrs B was self employed and has been a client with The Debt Advice Team since April 2009.
Mrs B contacted The Debt Advice Team after giving up work due to ill health. She has land that is waterlogged and waiting to dry so that the land can be sold, which will give her enough money to clear her debts. She started the debt re-payment programme with a total of €108,000, owing to four seperate creditors;
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AIB - €7,500
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TSB - €13,100
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Bank Of Scotland - €23,100
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Revenue (VAT & Tax Since 2005) - €63,900
The Debt Advice Team have successfully negotiated with all four creditors to freeze a fair amount of interest on the debts and reduce her monthly payments to an affordable €115 a month until she is able to sell her land. She is no longer being bombarded with phone calls, letters or visits from her creditors.
Mr M, of Dublin
Mr M is a Duty Hotel Manager and has been a client with The Debt Advice Team since March 2008.
Mr M contacted The Debt Advice Team and explained that he was struggling to keep up with the re-payments on his debt. He started the debt re-payment Programme with a total of €26,000, owing to 6 seperate creditors;
The Debt Advice Team have successfully negotiated with all six creditors to freeze the majority of interest on the debts and reduce his monthly payments to an affordable €689 a month and has successfully paid a considerable €10,190 of that debt with only €15,900 left to pay. He is no longer being bombarded with phone calls, letters or visits from his creditors.
Mr L, of Co Tipperary
Mr L is a McDonalds employee and has been a client with The Debt Advice Team since December 2008.
Mr L was unemployed when he contacted The Debt Advice Team and explained that he was struggling to keep up with the re-payments on his debt. He started the debt re-payment Programme with a total of €17,000, owing to 5 seperate creditors;
The Debt Advice Team have successfully negotiated with all five creditors to freeze the majority of interest on the debts and reduce his monthly payments to an affordable €56 a month, due to the nature of his debts and his low income The debt Advice Team have intoduced Mr L to the token payment plan making his monthly payments small and affordable. He is no longer being bombarded with phone calls, letters or visits from his creditors.
Ms B, of Merseyside UK
Ms B is 27 years old and used to live in Ireland when she borrowed money from Irish creditors and has been a client with The Debt Advice Team since May 2009.
Ms B contacted The Debt Advice Team and explained that she was struggling to keep up with the re-payments on his debt. She started the debt re-payment Programme with a total of €17,200, owing to 3 seperate creditors;
The Debt Advice Team have successfully negotiated with all three creditors to freeze the majority of interest on the debts and reduce her monthly payments to an affordable €279 a month, which she pays in sterling and The Debt Advice Team converts the payments to Euros for the creditors. She is no longer being bombarded with phone calls, letters or visits from her creditors.
Mrs C, of Dublin
Mrs C is an unemployed single mother with 4 children, her partner knows nothing about her debts and is a new client with The Debt Advice Team.
Mrs C contacted The Debt Advice Team and explained that she was struggling to keep up with the re-payments on her debts whilst trying to provide for her 4 children. She started the debt re-payment Programme with a total of €18,000, owing to 5 seperate creditors;
The Debt Advice Team are currently negotiating with all five creditors to freeze the majority of interest on the debts and have reduced her monthly payments to an affordable €171.24 a month until an agreement with her creditors has been reached. Her partner is unaware of her debts and The Debt Advice Team is helping with her finances and giving her support is this difficult time. She is no longer being bombarded with phone calls, letters or visits from his creditors.
Mr & Mrs P, of Dublin
Mr & Mrs P are 24 & 28 years old with 2 children and has been a client with The Debt Advice Team since October 2008.
Mr & Mrs P contacted The Debt Advice Team and explained that they were struggling to keep up with the re-payments on their debt. They started the debt re-payment Programme with a total of €19,000, owing to 3 seperate creditors;
The Debt Advice Team have successfully negotiated with all three creditors to freeze the majority of interest on the debts and reduce their monthly payments to an affordable €231 a month, They both made a successful insurance claim against one of their loans and used the settlement to pay off the debt owing to Perm TSB, The debt Advice Team successfully negotiated a lower settlement fee of €1000 of the original €1500 and has written the rest off. They have already paid €3,500 of debt through The Debt Advice Team resulting in their total balance of debt of €15,400. Mr & Mrs P are no longer being bombarded with phone calls, letters or visits from his creditors.
Mrs W, of Co Offaly
Mrs W has been a client with The Debt Advice Team since November 2008.
Mrs W contacted The Debt Advice Team as she was struggling to keep up with the repayments on her debts. She started the debt re-payment programme with a total of €164,262, owing to five seperate creditors;
The Debt Advice Team have successfully negotiated with all five creditors to freeze a fair amount of interest on the debts and reduce her monthly payments to an affordable €323.70 a month from the original €2,100 contractual payments she was previously paying. With our help she has payed off €2,571 off her total balance. Mrs W is no longer being bombarded with phone calls, letters or visits from her creditors.