Throughout Financial Literacy Month, the blog has given voice to consumers who have overcome financial challenges. Through their own words, these consumers have told you about what it was like to be in and repay unmanageable debt. They also shared inspiring words about the many ways their lives have changed as a result of their debt repayment efforts.
Following is Patsy's personal debt story.
I was drowning in calls from creditors and having the creditors make me feel guilt, worthless and inadequate because I was unable to make my required payments. My blood pressure was high for the first time in my life, I packed on pounds, and couldn't sleep. I got where I wouldn't answer my phone and didn't want to open my mail.
Over the past several years, my financial obligations increased, while my income decreased. I had lost my second job and couldn't find another, and on my full time job, they cut my salary, my vacation and my benefits.
One of my creditors told me about MMI. I called MMI, and they listened without condemnation and helped me work out a plan to pay off all of my bills in a manner I could afford and not rack up a million dollars in interest. MMI also required me to discontinue using those credit cards and this provided me with the the discipline I needed to stop living on credit.
I am now living on the cash I make and have even started using my bank's bill payment option to take care of my household and medical bills. With a few minutes a month on my computer, I can take care of myself and my obligations...there are NO harrassing phone calls, and I am feeling considerably better. Thank YOU for helping me through this difficult time.
If you liked this story, check out some of the other great consumer-submitted stories we published during the month. If you have a story to share, please do! And don't forget to visit our Financial Literacy Month section for a wealth of information about improving your own financial situation.