Hope has been trying to desperately get on top of her credit cards that she has acquired over the last few years.
Having been diagnosed with breast cancer few years ago and consequently incurring ongoing medical expenses, her credit card debts unfortunately amplified. On top of this large debt, she also had a previous paid default on her credit file as a result of her ex-partner using her cards to gamble without her knowledge nor consent. Due to this paid default on her credit file, she was struggling acquire finance through the banks.
Hope approaches us with the anticipation of obtaining a loan that will pay off her large debt. Due to the large debt load, we wanted to ensure that we were able to minimise the debt load as much as we possibly can. The debt load can be minimised through the negotiation of the debts and that was exactly what we did for Hope. All her credit card creditors were contacted to negotiate the final payout and ultimately attained settlement discounts.
In due course, Hope’s credit cards were consolidated and her overall monthly repayments were decreased by 60% and thus, placing her in a better financial position than what she was in previously. The loan also allowed Hope to have a definite end to her repayments as she is informed of the loan term and can keep up with the monthly repayments.
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