Leading women’s magazine Glamour features a ClearDebt client who shares her IVA story with the Glamour readers.
“I’m Not Coming Out ‘Til Payday” is a 4-page debt and budgeting guide that features in the October issue of Glamour. The feature talks about women’s finances with comments from financial advisor and misslolly.com founder Lisa Conway-Hughes.
The feature is a useful guide and looks to help break down the stigma of debt and encourage its readers to take control of their finances.
IVA solution to debt problems
Covering ways to seize control of your finances, the feature also provides tips about how to spot money leaks in your bank statements and explains money terms, such as annual percentage rate (APR) and insolvency.
We are also exposed to the real life story of 37 year old Carolyn Cox who shares her IVA story with the Glamour readers.
When Paul and I met at 20, we never thought about budgeting or saving.
After years of enjoying life, racking up credit card debts and using loans to pay them off, Carolyn and her partner Paul soon realised something needed to change. With the mortgage and loan repayments, Carolyn found there wasn’t anything left for food.
I was dreading what the future might hold if we didn’t get it sorted.
ClearDebt was recommended to Carolyn by a friend to help her take control of her £50,000 worth of debt. She is currently in an IVA , which is an agreement between you and your creditors to pay back an affordable and manageable monthly amount, usually over five years.
Our house is no longer in danger and, at last, I’ve gained control of my finances – and my life.
With the IVA in place Carolyn pays an affordable amount each month and is able to budget and spend carefully.
Good money habits
Getting on top of your finances and your debts is the first step but knowing what to do next is key, and getting the help to do so. Features like Glamour’s are a great way of building awareness and it is great to see how we have positively helped Carolyn and many other clients.
Does Carolyn’s story sound familiar? Has this made you want to get on top of your finances? Please share your comments below or get in touch on @ClearDebt" href="https://twitter.com/ClearDebt" target="_blank">Twitter or Facebook.