Financial hardship can befall anyone. Although her finances had been stable in the past, and she had a relatively well-paid job as a buyer at a joinery company, 40-year-old Anne Rendle’s fortunes turned after her marriage broke down.
She started to borrow for a variety of reasons and, including her mortgage, now has debts of almost £90,000. This is made up of a repayment mortgage on her shared ownership property, a personal loan, a credit card, overdraft and money owed to family and friends.
Currently, after all her expenses and repayments are taken into account, she has just £33 left at the end of the month. She knows it will take time to clear her debts, but what is the best strategy to get...
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