How to get on top of debtHaving trouble juggling your finances or worried about a credit card bill or a mortgage payment? Meet the residents of Comeback Crescent: they know what it's like to face difficulties, look for support and find answers to the problems so many of us share. They have dealt with problem debt and come out the other side – and they want you to know that you can too.
A lot of people are worried about debt right now. Our research at Compare the Market has shown that the majority of households believe it could take, on average, three years for their cash to recover to the levels they enjoyed before Covid hit.
For many households, the money coming in just doesn't seem to be as much as the cash that's going out.
What’s more, the financial impact will be felt long after we are well out of lockdown.
Meet the residents of Comeback Crescent: they know what it's like to struggle with problem debt and come out the other side – and they want you to know that you can too.
Each of them wants to share their detailed, deeply honest stories of dealing with their debt to let you know that you're not alone and there is a light at the end of the tunnel.
The families of
The families of Comeback Crescent
The families of Comeback Crescent have more in common than just their address – they’ve all struggled with debt but managed to turn it all around. What’s more, they want to share their story so that you know that you can too.
For Ricky and Naomi Willis, it was when they found themselves without food in the cupboard that they knew that they had to change the way they were living.
The couple had £43,000 worth of debt from credit cards, catalogues, utility bills and pay day loans and were unable to afford the monthly repayments.
While John and Bea Thombs found their debt became problematic when they realised that they weren't borrowing as a way to improve their lifestyle, but rather as a way to make ends meet.
For Nicola Cromwell, it was COVID-19 that pushed her into the red and she borrowed money to keep her family afloat, but the stress of being unable to pay it back soon became too much to handle.
But each of these families brought themselves back from the brink of a financial disaster – and they want to help you to do the same.