September 01, 2010 05:30 ET

ClearDebt Client Speaks Out About Debt and IVAs

MANCHESTER, UNITED KINGDOM--(Marketwire - Sept. 1, 2010) -

  • ClearDebt client, Struggling63, writes blog giving first hand detail of debt and IVA solution
  • Struggling63 confirms he had credit cards from age of 18
  • At age 42, Struggling63 was almost £42,000 in debt
  • In August 2010, age 47, he started a debt free life

Leading UK debt solution company, ClearDebt, publishes a blog written by one of their own clients which details his first hand experience of getting out of £41,982 of debt.

The blogger, using the pseudonym, Struggling63, talks about why he went into debt. Struggling63 also explains the process he experienced throughout the duration of the IVA and the emotions this created as well as the financial restrictions during the five year period.

Struggling63 is now debt free - having paid back £28,758 over 60 months and completed his IVA in August 2010. Like many, he found the hardest step to be seeking help in the first place: He completes his blog by saying:

"Please, from someone who's been there and got to the other end of the tunnel, if you can recognise any of your situation in the above, you should seek help before debt swallows you up."

ClearDebt CEO, David Mond, comments:

"As professionals in an industry which is often tainted by less ethical companies, it's sometimes difficult to communicate effectively with people in debt and help them realise they need help. Having someone who has been there and who is willing to make their own story public is a huge contribution to helping others. Srtruggling63's story will encourage people in similar situations to take stock and start thinking about moving forward with their lives in a more positive way."

ClearDebt recently released statistics confirming the average debt level for women in debt was £33,885 whilst men on average owed £42,741.

Contact Information

  • ClearDebt
    Jacqueline Cohen
    DDI: +44 (0)161 968 6823 or Tel: +44 (0)161 969 2030
    Nelson House, Park Road, Timperley
    WA14 5BZ