Debt Consolidation Articles and News
Sep 12
Debt Consolidation for Craig of Perth.
Filed Under Debt Consolidation Case Studies
Craig (not his real name) approached Debt Control for debt consolidation help. Craig found himself in financial difficulty after taking a year off without pay to work overseas.
When Craig arrived in Europe the job he was promised was not there and he was living off his credit cards while searching for another job. By the time Craig arrived back in Australia he had debts totaling over $42,000 all with collection agencies who were demanding immediate payment in full.
Craig had a good job back in Australia and felt that if he could consolidate his debts into one loan with repayments of around $200 to $250 per week he could pay all his debts off easily. Craig was very despondent when he contacted Debt Control as every bank and lender he had approached for a debt consolidation loan rejected his application.
One of Debt Control’s consolidation specialists discussed his situation with him and was able to help him consolidate his debts into one affordable repayment of $205 per week which enabled Craig to pay off his debts and still have money to live on.
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