Case Studies: Some of the 100,000 people we have helped reduce their debts!

Was paying £574 a month reduced to £356 with a debt management plan and debts written off!

Living on 'credit' had become a way of life for me. Swift IVA...quickly, confidentially and professionally stepped in to help me regain control of both my finances and my life. All interest and charges were stopped. All collection and legal action was stopped. A large percentage of my debt was also written off and suddenly my life improved and I felt I had taken the first steps to regaining control of my finances.

Was paying £996 a month reduced to £334 with an IVA with debt written off!

My financial problems started approximately six years ago when the company I worked for was taken over by a major competitor. During the cross over period, there was a mix up with pay roll and I was removed from the system. This meant I received no payment for 2 months and I had no savings. The problem was rectified and I was reinstated but I was paying emergency tax, which reduced my monthly income. This was when I fell into arrears and struggled to keep up with my monthly payments. I managed to get back on track, but was still struggling and couldn't meet all my payments each month.

Since taking out my initial credit, my debts have steadily increased as I have had to obtain further credit to cover my living expenditure for food and rent. I was refused loans because of my late payments and arrears. When I got paid I was paying out all of my wages on my debts and was relying on credit facilities to supplement my income each month. I was always worrying and counting what money I had left each month. I looked into other debt repayment options to try and help myself, but felt an IVA would enable me to control my repayments and pay a realistic amount back to my creditors each month. Bankruptcy was not an option as I wanted to pay my debts back and buy a house in the future. My parents found out about my debts and told me to get some professional help. It was hard to admit I needed help, but looking back, there was no other way I could have got back on my feet without it.

Were paying £710 a month reduced to £415 with an IVA and debts written off!

We had both known that our debts had been slowly building for a couple of years. I had taken out some credit cards when I was in a better paid job and credit had been easy to obtain. We started to accrue debts when our son and his wife were experiencing difficulties. We took out credit to help them pay for a family holiday to try and save their marriage, however in 1996 I was made redundant and was out of work for 2 years. I have never really 'caught up' with the arrears. I had to use my redundancy payment to live on, rather than pay off our debts, and I started to miss payments. Things then seemed to quickly spiral out of control and we started to receive letters and phone calls from debt collectors - something that had never happened to us before. We felt our lives were changing and we were losing control. We did not know who to turn to for advice and tried to pretend it wasn't happening to us. Swift IVA has helped transform our lives. Making that first call was hard but looking back it was the day we started to turn things around.