Kate’s story

Our customer Kate

Achieving Financial Stability: The Power of Clear Advice

Kate, initially confronting a substantial £29,900 debt, found themselves in an unsteady financial situation. Compared to their Standard Financial Statement (SFS) total household income of £2,760, the debt was imposing a significant strain on their finances.

During this time of uncertainty, they had the good fortune of connecting with James from The Debt Advice Service, who provided much-needed guidance and support. Speaking about this interaction, they shared, “If you are having financial difficulties I highly recommend speaking to these people.” They further praised James saying, “I spoke to a guy called James Varley and he made things so clear and understandable.”

James’ patient assistance and valuable time made the complex situation easier to navigate. The individual recounted, “It was not difficult and he helped me with all my questions.” They added, “He gave me so much of his time so that I could make a positive decision for my financial future.”

The individual then took a significant step towards financial stability by implementing an effective debt solution. This solution reduced their contractual monthly payments to £291, a manageable amount in light of their income.

Having faced their financial struggles head-on, the individual experienced a sense of relief and satisfaction. Expressing their gratitude, they stated, “I am so glad I made the decision to get my finances sorted.”

The individual’s experience serves as a powerful testament to the transformative impact of seeking professional help when dealing with financial difficulties. They encourage others in similar situations to take the same step, stating, “If you are having financial difficulties I highly recommend speaking to these people.” This recommendation shines a light on the path towards financial stability for others facing similar financial challenges.

*For the protection of our customers’ privacy, names and images have been altered.

The authors
Scott Nelson Profile Picture
Author
MoneyNerd’s founder, Scott Nelson, has a decade of financial industry experience, including 6 years in FCA regulated loan and credit card companies. Troubled by a lack of conscience in the industry, he founded MoneyNerd to give genuine advice to those in debt and struggling financially.