Bob S.

Learn how Bob got his finances in order after losing his wife and job, and how he
fell and climbed out of a Payday Loan debt trap of $10,000

Bob S.

Like many of our clients, Bob was in control of his finances and had no need for
financial help. But not everything is within our control, and despite his financial
diligence, Bob found himself under a mountain of debt that seemed impossible
to move. Here is his story, in his own words…

Tragedy struck…

Life was going well and things were comfortable until a few years ago when my wife
passed away. I had a very hard time with it and life became very difficult. Not
long after that, my own health deteriorated and I could no longer work.

Difficulty paying the bills…

Due to my health problems, I had to stop working and go on disability. The payoff
from my insurance company was inadequate and I couldn’t cover the rent and the bills.
I felt my financial freedom slipping away from me. I was too embarrassed to go to
my family for help, and I didn’t know where to turn.

An easy but dangerous solution…

With no other options left, I turned to Payday loans. It was easy and quick and I had
my money in no time. But maybe it was too easy. I took out new loans to cover interest
and soon it turned out I was robbing Peter to pay Paul. I accumulated over $10,000 in
Payday loans.

Time to seek help…

I was living under this cloud for just over a year and I felt like there was no
way out. I was sick to my stomach. I started looking for solutions and I was lucky
to find Consolidated Credit on the internet. Speaking to your counsellors felt like
a huge relief and I knew I was getting on the right path.

Consolidated Credit helped to carry the weight…

Once I had Consolidated Credit on my side, things got better in a hurry. They helped
me lower my interest and I could finally see the light at the end of the tunnel. The best
part was letting them deal with my creditors… I couldn’t do it myself and they were a
huge help. They took a heavy load off my shoulders.

Lessons Learned

When I compare my life now to what it was before I contacted Consolidated Credit,
it feels like night and day. I learned my lesson with Payday loans and I’ll never
use them again. Through some hard work and Consolidated’s help, I was able to pay
back all of my loans. I made my final payment a few weeks ago and it feels great!