James has Credit Card and Personal Debt, but works in the banking Industry. If James was to do a Part IX Debt Agreement his employment may be terminated as he works in a credit sensitive part of the bank. However his debts have got out of control. He had a car accident in his wife's car, who hadn't paid the insurance. Now he has a major Insurance claim against him and the budget is already tight.
James also has a new mortgage to pay at $3200 per month plus rates and maintenance costs.
He has very little equity in the Home
His wife works and their Joint Income is $7960 per month. She also has her own small credit card Debt and they have two children to support.
Fast Debt Help prepared a budget for James and Jean and put the Credit Cards and the Insurance claim with our Negotiating Administrator. We were able to negotiate a deal where most of the interest was frozen and the payments on Credit Cards and the Insurance claim added up to $770 per week in total. The Budget is still tight, but everything is now manageable and less stressful.
There was nothing put on James Credit File
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