At 29 years old and married, Scott lived in a house that he owned jointly with his wife.
Taking advantage of a number of credit cards and loans, he lived significantly beyond his means for a number of years, enjoying 2 holidays a year and owning 2 £14,000 cars.
He realised he had a real debt problem when he had to take out a personal loan to meet the minimum payments on all of his credit card debts. At debts totalling £30,000 and an income of £980 per month, letters and telephone calls from creditors requesting payment were sent but Scott ignored them.
The turning point was when Scott turned 30 and realised that he couldn’t sustain the situation with his creditors.