Mr & Mrs P, of Co Dublin - Debt Help Case Study

Mr & Mrs P have 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.

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