Debt Consolidation Articles and News
Sep 5
Debt Consolidation for Fred and Leanne of Melbourne.
Filed Under Debt Consolidation Case Studies
Leanne and Fred (not their real names) approached Debt Control for debt consolidation help after finding themselves in serious financial trouble with debts of over $39,000 and payment arrangements of $438 a week to Collection Agencies. They were managing their debt repayments until Fred had an accident and was off work for 8 months then had to wait nearly 2 months before Workcover payments started.
They found themselves using their credit cards for everyday purchases like groceries and utilities bills while they were waiting for their Workcover payments to start. Their debts included phone bills, personal loans and three credit cards which had all been sent to collection agencies who were demanding immediate payment of the full amount.
Fred and Leanne had applied to their bank for a debt consolidation loan before Fred had had his work accident but they were unsuccessful so they felt they had no chance now that Fred was on Workcover payments. One of Debt Controls highly trained debt consolidation professionals discussed Leanne and Fred’s situation with them and were then able to help them to consolidate all their debts into a weekly repayment of $155.
With this reduced weekly repayment Leanne and Fred were able to get their finances back on track and become debt free within four years which was beyond their wildest dreams.
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