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Mr M, of Co Dublin
Mr M, of Co Dublin - Debt Help Case Study
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;
- G.E.Money - €1,000
- Bank of Ireland - €2,300
- Allied International Credit - €2,600
- MBNA Loan - €4,500
- MBNA Credit Card - €1,000
- Ulster Bank - €4,200
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.
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