Client Experience - Jennifer
“I’m a nurse and I work long hours at the hospital. I only use one credit card but over time the balance that I accumulated became higher than what I am comfortable with even though I could still afford to make the minimum payments. When I get home from work I’m exhausted and I failed to make my monthly payment on time for three consecutive payments so the bank increased my interest rate to almost 30%. My minimum payment was also increased and I was having difficulty coming up with the money each month.” - Jennifer H.
Jennifer contacted Fiscal Liberation to review options for improving her financial situation. After speaking with a Fiscal Liberation Advocate who reviewed her current financial situation and her long term objectives it was determined that her best course of action would be to proceed with the Fiscal Liberation Debt Consolidation Program through our nonprofit service partner.
Jennifer’s credit card situation was as follows before she contacted Fiscal Liberation:
|
Creditor
|
Balance
|
Minimum Payment
|
Interest Rate
|
|
Chase Credit Card
|
$10,654
|
$470
|
27.24%
|
|
Total Debt
|
$10,654
|
|
Total Minimum Monthly Payment
|
$470
|
|
Years Until Debt Free
|
4
|
|
Total Repayment
|
$21,939
|
Jennifer Qualified for the Fiscal Liberation Debt Consolidation Program which provided her with the following benefits:
|
One Monthly Payment
|
$281
|
|
Years Until Debt Free
|
5
|
|
Total Repayment
|
$17,129
|
|
Savings
|
$4,810
|
Jennifer’s benefits from the program include a new affordable monthly payment, reduced interest rate, and a savings of $4,810. This program is not a loan and does not damage her credit rating.
To find out how Fiscal Liberation can help you to reduce your debt, call 888-619-7779 today to speak with a Fiscal Liberation Advocate.
To download this client experience, please click HERE.
*Individual results may vary. Programs not available in all states. Creditor guidelines may change.