Rebecca faces divorce then debt problems

First Divorce, Then Debt

How to recover from a bad marriage and bad debts

Rebecca’s divorce cost her $10,000, but she’s been paying for it ever since – in the massive debt she racked up afterward. After 21 years of marriage, Rebecca split with her husband. It wasn’t pretty. “That divorce cost me almost $10,000. He’s still trying to get me back and it’s like no thank you – he can’t keep a job. I’ve had my job for 35 years.”

How divorce led to debt

After losing money in the divorce, Rebecca had to move.

“I had originally moved to a place where I thought I could afford the rent but after a year I realize I couldn’t, it was putting me in a hole.  My rent was over $1,000.”

That was a lot of money where Rebecca lived, in a rural area outside Trenton, New Jersey. She also had a long commute from her new place, which added to her bills.

“Because of the type of car I have and how far I live from work now, I bought an SUV and that’s been killing me. I drive 52 miles back and forth to work.”

She succumbed to payday loans

Rebecca used payday loans to get by

Rebecca has worked for the state of New Jersey for 35 years as a senior technician. While her salary is steady, there’s no way to work overtime and make up the difference she needed. So she turned to payday loans.

“They weren’t a lot at first, but every time I paid off one, I’d take another.  I was doing it for a year. The money would come out of my paycheck before I even get it. It was a pain.”

The pain grew as the payments did. Soon she couldn’t juggle the interest rates and her living expenses.

“I couldn’t afford food and other things. Paying for the payday loans plus the bills plus my truck and my rent and cable and gas and electric, it just killed me. I couldn’t afford anything and I was very unhappy and depressed.”

A TV commercial changed her life

She never even saw it. “My boyfriend saw the commercial told me about it.” It was for Consolidated Credit. She had $8,000 in payday loans she couldn’t pay off, so she signed up for a debt management program.

Rebecca found debt relief with Consolidated Credit

“Let me tell you I feel so much better now and I will never, never, never again get the kinds of loan I had. I’m much happier.”

Even just signing up for the debt management program was a relief…

“I was less depressed and I had nothing else to worry about so it really, really helped me. “

Rebecca has learned how to stay out of debt

Not only has she paid off her payday loans and saved on interest and fees, but Consolidated Credit’s certified credit counselors taught her how to stay out of debt.

“If you know you can’t afford something just don’t get it. If you don’t want to be unhappy, don’t do it. I also recommend nobody to get payday loans. At the moment, it’s quick. But the interests are ridiculous and it’s not worth it.” 

She retired her debt and is ready to retire herself/from the workforce

While she might get another job during retirement, it won’t be because she needs to pay off debt.

“I will relax first in retirement and try to enjoy my five grandchildren. I might get another job to keep me busy. I can’t stand to be bored. I’m not a couch potato.”

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
Click here to learn more.

Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

You can save!

With this amount of debt, you'd pay around $xx.xx on a DMP.

FREE Debt Consultation
VE Interactive