I went to Turnbull, a debt consolidation firm, since I owed a lot of money, and they helped me consolidate my debt, which was around $70,00. I now pay Turnbull on a monthly basis. I had to cease paying my credit card payments, therefore it’s evident that my credit went bad. I make a respectable wage now, but I’m steadily sinking because of my two mortgage payments, rent, and debt payments. I worry that I won’t have enough money in the end. What would happen if I didn’t pay Turnbull? It will become a matter of either paying off my debt or keeping a roof over my head while skipping rent.
Debt management businesses and debt advisors in the UK have an obligation to ensure that your repayment plan is feasible and sustainable for you, and that you are not being harmed. Your plan isn’t feasible or sustainable if you have to choose between paying the debt management firm and your essential obligations in order to maintain a roof over your head.
I’m not sure how things operate where you are, but in the UK, we would check your budget to make sure you’re not having trouble; if you are, nobody wins. Can you discuss your budget and potential payment reductions with your debt management business or case officer?