Sue – Learns how to conquer the cost of tuition

Sue P. Client Profile Graphic

Sue P.

Sues heart was in the right place when she decided to help her daughters with the cost of post-secondary education. When student loans couldnt cover the bill, they had to look elsewhere for funding. Unfortunately, credit cards were the answer. Heres her story, in her own words…

Student loans falling short…

Both of my girls applied for student loans and held down part-time jobs – sometimes more than one. But you never get what you need from student loans. If youre making money, your eligible funds go down. In the end, it wasnt enough.

Finding other ways to pay…

We had to find money elsewhere and needless to say, our credit cards took the brunt. The balance got up so high that we could only really afford the minimum payments. We were basically only paying the interest and never getting ahead. Before we knew it, the debt had climbed to $23,000.

Then, a TV ad changed everything…

We saw an ad on TV for Consolidated Credit and decided to give it a try. They were able to get rid of my interest charges, which allowed me to get down to paying back my loans. Now Im not worried every time the phone rings, and I am able to do things without too much worry about paying my bills.

Valuable lessons learned…

My experience with Consolidated Credit taught me to pay off my credit cards completely or dont use them at all. Its all too easy to charge, and interest rates are way too high to carry a balance. I also learned to have an actual budget, and stick to it.

The girls are doing fine…

Both of my girls graduated and have stable jobs. They are quite determined not to get into too much debt (the wrong kind, anyway). They both have student loan payments at around $500 a month. It seems high but they have budgeted accordingly. They have learned so much from my situation; I never sugar-coated it at all for them.

Gratefully debt-free…

I am and always will be thankful to your organization. Debt is a slippery slope and people need to be better educated. I believe they should teach a class in high school about finances so that people will be able to make the right steps. I know I learned a lot from the counsellors at Consolidated Credit!