Debt management payments can be flexible

September 12, 2012

Mr L was referred to InControl by a friend. He had accrued several Payday Loan accounts over the years, using debt to pay debt until he reached a point where he decided to confront his financial problems.

We successfully arranged reduced payments with his payday lenders with the interest and charges frozen.

During the plan, Mr L fell into further financial hardship. Due to the flexible nature of a Debt Management Plan, we were able to carry out an immediate review and adjust his payment to fit his budget.

After a few months of reduced payments the client’s father and friend helped him out with some money and now all the accounts are settled and Mr L is now debt free.