UK Debt Management

Kevin and Kiara had stable income and had been using credit and store cards responsibly for years. As a result, they had good credit scores when they got married. So, they financed their wedding on credit and completely strained the limits of their credit cards for their honeymoon. In short, they financed the wedding and honeymoon of their dreams for nearly £60,000, putting a significant stress on their creditworthiness and income. The wedding and honeymoon went off well but they returned home to their new life with a heavy debt.

Soon after their return, the economy in the UK took a dive and Kiara lost her job. Eventually, Kevin and Kiara started feeling the debt trap – their minimum payments began to rise and to make the situation worse, their debt repayments were scattered among different creditors. They decided to look for the best UK debt management service and contacted RedHouse Debt to get their debt problem resolved. After evaluating their situation, the expert debt counselor from RedHouse Debt suggested them for Debt Settlement.

“While we may be able to negotiate your debt down, your credit score may suffer as a result of debt settlement,” the debt counselor told them upfront. The debt counselor also explained them the process of debt settlement and suggested them to take some time to think over it. Since Kevin and Kiara had no house for equity and they were maxed out on their credit limits, the only alternative they had was Bankruptcy, which they knew would be worse. Hence, they decided for debt settlement. After much negotiation with the creditors, RedHouse Debt was able to bring down the £60,000 to £38,000, resulting in low and affordable monthly payments.

Kevin and Kiara continued to seek counseling from RedHouse Debt even after their negotiations were complete. The debt counselor from RedHouse Debt advised them on how to stay within a well-defined budget so as to avoid such financial crunch situations in future. Now Kevin and Kiara evaluate every single purchase beforehand in order to determine whether it's really necessary or not. They prefer cash-only purchases and use their credit cards only when their budget allows or there is an emergency.

Kevin and Kiara feel, “RedHouse Debt is the best UK debt management firm. Being able to make one monthly payment to all the creditors at once is a huge relief from the worry of managing debt. Thanks to the reduced rates, we are making progress on our debt and have begun the process of rebuilding our credit scores, repairing the damages that debt settlement had caused. We advise you to take control of your debt with best UK debt management firm – RedHouse Debt.”