Client Experience - Ron
“I have three young children and I wanted to pay off my credit cards so I have more money to set aside for their education. My interest rates are too high and it is going to take me forever to get out of debt.” – Ron S.
After speaking with a Fiscal Liberation Advocate who reviewed his current financial situation and his long term objectives it was determined that his best course of action would be to proceed with the Fiscal Liberation Debt Consolidation Program through our nonprofit service partner.
Ron’s credit card situation was as follows before he contacted Fiscal Liberation:
|
Creditor
|
Balance
|
Minimum Payment
|
Interest Rate
|
|
First National Bank
|
$1,234
|
$52
|
15.90%
|
|
Home Depot Credit
|
$332
|
$37
|
26.99%
|
|
HSBC Credit Card
|
$5,700
|
$145
|
24.99%
|
|
Kohls Credit Card
|
$1,358
|
$55
|
21.99%
|
|
Total Debt
|
$8,624
|
|
Total Minimum Monthly Payment
|
$289
|
|
Years Until Debt Free
|
6
|
|
Total Repayment
|
$20,497
|
Ron Qualified for the Fiscal Liberation Debt Consolidation Program which provided him with the following benefits:
|
One Monthly Payment
|
$279
|
|
Years Until Debt Free
|
4
|
|
Total Repayment
|
$13,938
|
|
Savings
|
$6,560
|
Ron benefits from the program include one single monthly payment, a reduced interest rate on his credit cards, and a reduced total repayment saving $6,560. Enrolled in the Fiscal Liberation Debt Consolidation Program he will be debt free in 4 years instead of 6. 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.