Interview with a Recent Client: Kayla
A recent client of Debt Mediators, Kayla, had a glowing testimonial after she called us to ask for help with her current debt situation.
Struggling with mountains of debt that was accumulated when she was at a younger age, along with other issues added to the mix such as job security and the financial crisis, she felt she wasn’t able to cope with her regular debt repayments.
Below is Kayla’s story and how she turned her life around with the help of Debt Mediators.
Can you tell me about your background, and how did you accumulate your debt?
I accumulated my debt through being young and naïve about the interest on hire purchase items. During the financial crisis, I was made redundant at my regular job, and then I was unable to keep up with all the repayments I had accumulated. Even though I had temp work, I wasn’t earning enough. I was okay for a while, but it just got to the point where bills were piling up and creditors were calling nonstop. It was all really overwhelming.
Was there a “light bulb” moment when you decided that you were going to be debt free?
I was watching TV one night and saw an ad for Debt Mediators, and it felt like they were talking directly to me. So I made my brave decision to call the next day, asked multiple questions, gathered all the information I needed to decide on a debt agreement that was the best option for me.
How long did it take you to get debt free? How did you stay motivated?
It only took me two years, even though my debt agreement was for three years. When I first started the agreement, I was still doing temp work, but once I got permanent work, I increased my payments and ended up paying it all off 12 months in advance.
It was easy to stay motivated because with the help of Debt Mediators, I was able to consolidate my payments into one monthly payment. It was the only creditor bill I had and I just wanted to get it over and done with; once I had reached half way, I could see the finish line so I just smashed out the rest of my payments.
What advice would you give to people with large amounts of debt who don’t see a way of becoming debt free?
I would say definitely ring Debt Mediators and have a free and easy conversation with a consultant. Ask them what they do and how they can help you. And if you feel that going into a debt agreement would be the best thing for you and your situation, then by all means go ahead with it. I, for one, have never had any regrets.
What was the most important thing you’ve learnt along the way?
The most important thing I’ve learnt is that it’s okay to make mistakes with money, and you’re not alone. That’s why there are companies like Debt Mediators who can assist you in helping to make it through that debt, and that you don’t have to let the stress take over your life. Anyone can become debt free, if you stay committed and on track with your agreement.
What goals or aspirations are you going to achieve now that you’re debt free?
A couple of weeks after becoming debt free, I applied for a mortgage and became a joint home owner with my mother and sister. So even though I’m in debt again, this time it’s good debt and I’m on the way to becoming a homeowner.
Do you have any final words of wisdom for our readers?
I’m still not that great at saving, but I now know the dangers of hire purchases. I’m a lot wiser and I make all my purchases with savings so I don’t fall into the same trap again.
You too can live like Kayla who managed to curb her debt in just over a year, following simple and easy-to-follow steps, as well as providing wisdom for us by sharing her Debt Mediators story with us. You can read more testimonials here.
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