Melissa’s Story: Finding the Right Debt Solution
How we helped Melissa
- Credit cards
- Payday loans
- Catalogues
- By now, pay later
Rising living costs led Melissa to use credit cards and payday loans for everyday essentials. Over time, she had 10 debts with monthly payments of more than £730.
After getting debt advice from MoneyPlus, Melissa set up a Debt Management Plan. Her monthly payment reduced to £133, based on what she could afford. This includes a management fee.
MoneyPlus asked her creditors to consider freezing interest and charges. This helped stop her debts from increasing. Melissa now has one affordable monthly payment and a clear plan in place.
£22,000
Total debt
£730
Old payment
£133
New payment
Read video transcript
Melissa: I didn’t really know what to expect, but the online tool made it simple.
It just asked what I might earn, what I spend, and what I owe.
Once I filled it in, it showed me what kind of help might suit me best.
Then someone at Money Plus talked me through my options, like a debt management plan or an IVA and what they’d actually mean for me.