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A total debt write-off of £95,500 and another debt matter successfully resolved!

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Another day and another debt related matter successfully resolved. It makes us happy to have a client happy as they can now get on with the rest of their lives safe in the notion that this matter is behind them. We, at GDP Equity Experts, pride ourselves on being the client’s vehicle for this journey on finally breaking free from a debt burden. Over the past 8 years, we have helped hundreds of individuals, families and businesses successfully resolve debt related issues so why not let us help you also? 

The case that we got resolved only last week involved a client who came to see us with an Investment Property that had become too difficult to manage and subsequently sustain. As a result, this property was repossessed by the mortgage company, who was a leading UK Bank, and sold at a loss. The loss from the sale of this property totalled approximately £104,000. As our client had no means of repaying this debt, this was understandably a very anxious and stressful time for not just the client but also for their family.

However, our first aim during our initial free consultation meeting was to give reassurances to the client that solutions could be easily achieved to settle this matter. Our client was actually unaware that by simply attending this meeting they had already taken the first step on the path to debt recovery. This first step is simply to ASK FOR HELP! 

During our meeting, we worked with the client and devised a workable strategy. Once agreed, we started to put the wheels in place to transport our strategy into a solution. As there was no disposable income available, our overall strategy was to offer the Mortgage Company a lump-sum settlement.  This was very generously being provided by family members.

After several months of mediation with the Mortgage Company, a lump-sum settlement figure of £8,500 was finally accepted. Overall, this resulted in a total debt write off of approximately £95,500. This was a truly wonderful outcome for us, at GDP Equity Experts, but more importantly for our client. Therefore, this clearly shows that solutions can be achieved so why wait any longer in taking that first step?

What can I do now?
Always remember that debt is not something that you should be ashamed about. The first step on the journey to debt recovery is to simply ASK FOR HELP! If this is having a negative and adverse effect on both your physical and mental wellbeing that why wait any longer? A debt issue can always have a workable solution to enable you to get on with the rest of your life.

However, if you continue to bury your head in the sand then this issue will only get worse and worse and it will continue to snowball out of control. We really can’t emphasise enough the importance of acting now to prevent serious repercussions from occurring such as your property being repossessed. 

You need a plan of action in place for how you are going to approach your creditors in an attempt to come to an arrangement to settle this matter once and for all.

What we can do to help? 
Since 2010, GDP Equity Experts have helped hundreds of families, individuals and businesses deal with debt related issues.  We have been leading the way in this regulated area over the last 8 years and have particular expertise in helping people deal with crippling debt related issues.

Since 2013, we have helped write off over £180 million worth of debt. This debt has included various debt related areas such as loan sales to Private Equity Firms, debt shortfalls following the sale of a property and general unsecured debt such as credit cards and loans.

We would like the opportunity to share this with you. As a result, our team are more than ready to engage and assist if you have been affected by this or you have any other property debt related issues.

GDP Equity Experts know what is expected and how to get you to where you want to go.  We WANT to hear from you today because we WANT to help you today.

If you would also like to download a copy of our 7 step guide to our eBook, then please hit the button below.

Darwin AllenComment