Often working in finance, people can think it is all about money, it’s not. There are human aspects that not everyone is aware of.

Last month Mr Jones came to us with £000’s of debt and was behind with his mortgage payments. We looked at his finance and realised that he was paying fortunes in unsecured loans (car loans; extra loans; credit cards; bank charges) and had been with the same mortgage provider for years. Mr Jones was inexperienced regarding financial matters, he had built up some equity (the difference between your property value and the amount you owe on your mortgage) in his property.

When we discussed this with Mr Jones, we were able to move his mortgage to a new lender and pay off some of his unsecured debt (those credit cards and car loans that cost a fortune), and put those into his mortgage payments. Mr Jones went from not being able to make all of his monthly debt payments, to be able to make one payment and be left with a little extra each month. He will still pay off his mortgage in the same time but this way he will have more to spend each month. Stories such as this give satisfaction that many can’t see. The story of Mr Jones has been changed and his name is for convenience, but the facts are common to many. By consolidating debt, many reduce their payments and save hundreds of pounds.