Deciding Not Live With Debt

Tanya Hayden – Deciding not to live with debt any longer

Tanya Hayden graduates from a debt management program

Tanya Hayden was a university graduate with her entire life ahead of her. But, finding success wasn’t easy and she had to deal with her student debt. After suffering in silence for years, she finally turned to Consolidated Credit for help. This is her story in her own words:

Her debt problem started when school ended

“Debt became a problem when I had graduated from university. I moved across the country and started working at a temp agency but I could only count on earning money a couple days a week. Then I started working in social services but due to budget cuts I found myself working part time. Before long, I had to start paying back my student loans without a steady income. I often had to use my credit cards to make the monthly payments.”

It took her a while before she reached out for help

“I lived with debt off and on for about 6 years before calling Consolidated Credit. It was an extremely stressful time in my life. I had to choose which bill to pay and which to ignore. And I could only afford to make the minimum payments so the interest started building up higher and higher. The worst part was that I felt like there was no escape. I didn’t know what I had to do to get back on track. Finally, I decided enough was enough and I needed to get help.”

She found Consolidated Credit and it fit what she was looking for

“I found Consolidated Credit through a Google search. It was exactly what I wanted – an organization that was non-profit and had a good reputation.”

Consolidated Credit was the last stop before bankruptcy

“I had tried to get a line of credit through my bank and was rejected. If Consolidated Credit hadn’t accepted me, I probably would have filed for bankruptcy. I thought I had no other choice. I was almost $12,000 in debt and things didn’t look good.”

Her debt management plan put her on the road to financial freedom

“After calling Consolidated Credit, everything moved very quickly. I spoke to a credit counsellor started the program right away. The payment schedule I was put on was manageable and my monthly payment was significantly less than what I was paying to my creditors when I was doing it on my own. I was actually paying down my debt and not just dealing with the interest.”

Life is much better now that the debt is gone

“This was definitely a lesson learned. I feel like a weight has been lifted off of me. Before I eliminated my debt I just buried my head in the sand and ignored collection calls and letters. I didn’t have a budget or know where I was spending my money. I was constantly borrowing from friends or family.

“When I started with Consolidated Credit, the collection phone calls and letters stopped. That was a big stress relief. I was forced to face my debt problem and make changes. After eliminating my debt, I make a conscious effort to see where my money is going. I put money away each month even if it means I need to cut back on something else that month like a dinner out. I have a budget and I stick to it.

“It took a while to break my spending habits but it gets easier each day. I’m happy that I don’t feel stressed and embarrassed like I did before calling Consolidated Credit.”

Tanya learned a lot and is focused on remaining debt free

“I am confident that I will avoid debt in the future as I have learned to spend within my needs. I don’t use my credit cards and I don’t miss them!”