Case Study – Secured loan with a debt management plan

At Central Trust, we pride ourselves on providing practical solutions for clients facing unique financial challenges. Here’s a recent case where we helped a client with a debt management plan complete much-needed home improvements.
Why the client needed help
A family in need of essential home improvements reached out to us for support. They had experienced a tough few years after the pandemic, losing one income and entering a debt management plan.
Their boiler was unreliable, cutting out during showers, and a leak had caused significant damage to their bathroom. Fixing these problems was urgent to make their home safe and comfortable again.
The solution: a secured loan
Their financial history, including a debt management plan, made it unlikely they could get an unsecured loan from other lenders. However, understanding the family’s financial situation, we recommended a secured loan. By securing the funds against their home, they were able to borrow £10,000 to replace the faulty boiler and renovate their damaged bathroom.
The clients did not want to repay the debt management plan urgently, as the debt was on 0% and not causing additional financial strain.
Our secured loan gave them the means to replace the boiler and renovate their bathroom. The process was also quick—from enquiry to completion, it took just 8 days, which meant the family could start the urgent repairs without delay.
The outcome
With the loan in place, the family was able to install a reliable new boiler and renovate their damaged bathroom. This not only made their home more liveable but also improved its value, giving the family peace of mind and a fresh start.
Why Central Trust was the right choice
Our approach stood out because we took the time to understand the family’s situation. We offered a second charge mortgage that worked around the constraints of the debt management plan, showing that even with financial challenges, solutions were available.
This case study highlights our ability to offer personalised solutions quickly and effectively, even for clients facing financial hurdles. With our expert guidance, families like this one can regain control and improve their homes and lives.
How Central Trust can help you
We have nearly 40 years of experience in helping people find the right type of loan for their circumstances, specialising in secured lending for those who have a poor credit score that had previously been turned down by highstreets lenders.
If you are considering taking out a secured loan to consolidate debts, make home improvements or to simply raise funds for another purpose and would like to discuss your options with a qualified advisor, call us free on 0800 980 6273, or complete our enquiry form and we will call you back at a convenient time for you.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
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