Comparing the cost
Johnny owes a lot! He’s receiving lots of phone calls and letters about his debt. Since his hours were cut at work things have been really difficult. There just doesn’t seem to be enough money to keep everyone happy.
He needs to think smarter about his debts.
He needs a smart solution!!!
He needs a short term debt reduction and someone to help him regain control of his finances in the long term.
He came to us with £15k worth of debt from loans, credit cards and store cards.
The smart solution is – We reduced his debt by £2,700 by reclaiming £2,200 of mis sold payment protection insurance on his loans and £500 of unfair charges on his credit cards.
We reduced his debt by £2,700, froze his interest and charges and helped him reduce the rest by identifying what he can afford to repay his creditors. He went from paying £600 a month to £320 a month. Now he pays one monthly payment he can actually afford.
By thinking smarter – He got Debtsmart
Think smart it can also save you money
Consolidating loans may seem like the answer to your debt problems, but you could be making your situation far worse!
Interest rates on loans and credit cards have been rising steeply – even though bank base rates are at an all time low of 0.05%. The average interest rate on a credit card is 18% and many are as high as 35% making it a very expensive form of debt. Think carefully before you take on more debt, especially loans secured against your home which may be at risk if you cannot keep up the repayments
Think Smarter!
See how we can reduce your debt significantly by claiming back unfair bank and credit card charges and mis-sold Payment Protection Insurance on your behalf. On average we claim back £2200 for a loan insurance claim and £800 for a credit card insurance claim.
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