Reduced Working Hours

I'm 25, in a good job, and my finances have never been a big problem for me. But when the credit crunch caused difficulties for my company, things started to drift

Firstly, my working hours were cut by a fifth.

That didn’t seem like a disaster at first, but a lot of my outgoings were unavoidable and existing debts grew quite quickly, especially because of the interest that was building up.

I finally decided serious action was needed when I realised that I owed £19,000. I talked through the options with a counsellor and worked out what I could realistically afford to pay each month. He suggested a debt management plan, which is an informal agreement with my creditors.

After he negotiated things for me, interest on half of my debts was frozen. It’s made a huge difference. I will be able to pay everything back within four years, even at my reduced income. It has been a relief having someone to talk to who can help keep me on track and get the money to my creditors every month.

If you’re unable to call our free debt helpline number, 0800 043 40 50, right now, you can fill in the form below and one of our advisers will call you back at a time of your choosing.

This form collects your name, telephone number and email address so that we can call you back at the time you've requested. Please visit our privacy notice for more information about how we manage and protect your data.

First name: *

Surname: *

Email: *

Telephone number: *

Time of call: *

CAPTCHA

This helps us make sure the submission isn't automated.

Math question: * 2 + 1 =

Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.