Mrs A, aged 60, is supporting a husband with ill health and has been the sole income earner for more than 20 years. She got her ClearDebt IVA in May, slashing her monthly payments by nearly two-thirds.

Trying to make ends meet, she took out a personal loan. She found getting credit was easy and soon had £53,000 debt spread over 10 credit cards, a bank loan, three store cards and council tax. She got her ClearDebt IVA in late May. Interest was frozen and we persuaded creditors to accept £350 per month over 60 months. They agreed to write off £32,000 of her debt, dropping her monthly payment by more than £600.

To find out if an IVA is right for you, take the ClearDebt online debt test – it takes a few minutes to complete and you’ll get an on-screen result showing the best debt solution for you: