Cara (not her real name) was employed in the same job for over 7 years, and in the last 5 years she managed to accumulate over $53,000 in Credit card, store card and personal loan debt.

Cara had accepted every credit card offer that came through the post and whenever the banks offered to increase her limits she accepted.  Cara realized she was in big trouble with the amount of debt she had and approached her bank and Credit Union for a debt consolidation loan because she felt that if she could consolidate all her debts into one monthly repayment she would be able to manage much better, but they could not help her.

Then Cara was made redundant and was having trouble getting another job so the only income she had was a Centerlink payment.  The interest and late payment fees were killing her and all her credit cards were over the limit and in the hands of collection agents.  Creditors were phoning her every week asking for full payment or trying to pressure her into unrealistic payment plans that she just could not afford.

Cara tried explaining her situation to creditors with no satisfaction, and was on her way to a nervous breakdown due to all the financial stress when a good friend told her about the services of Debt Control. Cara contacted Debt Control to see if they were able to assist her and in the same week she was successful in getting another job.  Debt Control’s friendly, highly skilled debt consolidation specialist discussed Cara’s situation with her, helped her prepare a budget to see how much she could really afford and was able to help her consolidate her debts into one affordable repayment of $210 per week.