Debt Consolidation - Case Studies - LoanexFastCash

Total Debt: $ 92,825
Debt Types: Credit cards

Situation:
Mary split up with her boyfriend George since he had bad credit ratings and swamped by unsecured credit card debts. As he found it difficult to avail a consumer debt consolidation loan on his own, he convinced Mary to get the required credit facilities in her name, which she apparently did by getting different credit cards. In the meanwhile, George suffered from a serious accident and underwent hospitalization for a long time because of which his employer fired him. Because of the ongoing recession he found it tough to secure another job. This invariably led to a quarrel that ultimately resulted in a split up. The relationship thus, ended and Mary found herself engulfed in multiple credit card debts.

Although Mary had a good job and was earning reasonably well, the outstanding dues were pretty huge and she found it very difficult to repay the credit dues. It was not long before creditors and their recovery agents started harassing her through telephonic calls and frequent visits. The situation ultimately became highly stressful and panicky. Mary urgently needed help for consolidation of debt that would fix the problem once and for all.

Solution:
One day while browsing on the internet, Mary just happened to click on the LoanexFastCash website and availed a first free non-profit credit counseling service. LoanStore analyzed Mary’s financial situation, and later helped her formulate a budget by organizing a single affordable specially designed repayment plan to settle her debts once and for all. The repayments were 60% less than what the creditors were demanding before she called LoanexFastCash.com. The legal counsel who handled her case negotiated with each of her creditors to seek either a waiver or reduction of late payment charges and currently is successfully redeeming her outstanding dues through a consumer debt consolidation loan of $ 55,695 instead of the $92,825 that she owed and is likely to be debt-free within 5 years. LoanexFastCash.com’s net consolidation for Mary:

Loan Balance : $ 55,695.00
Interest Rate : 11.29%
Monthly Payment : $962.00
Term : 84 months