Elaine decided to retire during the pandemic lockdown, but there was a problem: “I didn’t substantially change my spending habits. I thought I would return to work eventually.”
It wasn’t just a financial problem…
I didn’t make the necessary adjustment emotionally to the reduction in my income,” she recalls. “My anxiety level had been building the last few months before I began researching the options for getting out of the debt, which I created with my charge cards.”
Her anxiety didn’t last long. She did some quick online research, and she called Consolidated Credit. Thing is, she doesn’t remember the details.
“I believe I made the call. I don’t think anyone was bugging me,” she says.
Elaine’s memory isn’t hazy about her debt details.
“I was paying close to 30% interest rates on most of my five credit cards,” she says. “The credit card companies were reducing my credit score because of my income-to-debt ratio. I was barely making minimum payments. What I owed was not decreasing. Since by then I was using credit cards to meet some of my basic needs, the situation couldn’t go on.”
With her usual determination, she decided to end the situation by enrolling in a debt management program.
“I had to find a way to get out of debt that felt honest to me. Fortunately, I found Consolidated Credit,” she says. “As soon as I started the application process, my anxiety level decreased. I didn’t have to think about money the first thing when I woke up every morning, and it was no longer the last thing I worried about before going to sleep. I could see a way forward that I fully understood and felt good about.”
To Elaine, one important consideration was her credit score. Another was personal responsibility.
“What I like best about this program is that my credit rating won’t be ruined, the interest rates I now pay are reasonable, and I am repaying all my debt,” she says. “That last part is especially important to me. I am owning up to my responsibility, not taking shortcuts, and am not ashamed to tell anyone else about it.”
Now she’s telling everyone about Consolidated Credit.
It’s all possible because of the relationships Consolidated Credit has built with these companies and their ability to provide me with reduced interest rates. It will take time, but I will eventually be debt free.”
Take control of your debt like Elaine and find peace of mind – contact Consolidated Credit today to start your journey to financial stability.
