David was a self-confessed ‘shopaholic’. He had more debts than he could afford and was trying unsuccessfully to meet his home loan and credit card payments.
He had collection agencies and the banks chasing him for money.
David wanted us to manage his money so he decided to use the Financial Management service. We negotiated with his creditors and arranged some easy payment plans. David sent his pay to our non interest bearing account account and we sent him the money he needed for food, spending and petrol every week. The remainder of his pay was put towards his regular bill and loan repayments.
At the end of the third month we had successfully repaid all outstanding loan arrears and he had surplus funds which he could spend. He is now stress free!