Married couple, James, a department manager, and Julie, an accounts administrator were struggling with debt.
They have 2 grown-up children who have been through University and who have now left the family home which the couple jointly own.
James and Julie’s debt problems started years ago with a large amount of credit card debt which they cleared over the years through debt consolidation loans and equity they released from their property one year ago. Currently, they have equity left in their property of £4,500.
Julie has been on sick leave for 9 months and the loss of her wage into the home has led to an increasing debt problem. To save any embarrassment, Julie and James took out additional credit cards to make ends meet.
Unfortunately, the stress began to affect their marriage and they decided they had to face up to their debt problem. By this time they owed just under £100,000 to various creditors.