Around 14 years ago I was told that due to my chronic pain, i would never work again. I was devastated, how were we supposed to pay for everything, we were living on 2 wages, good wages too. We had 2 kids in High School which cost us over $1000 per child plus uniforms. then there was the high rent, living on the bay straight towards Melbourne. We had credit cards, 2 each, and high bills. My goodness, I ended up in a deep depression, so we decided to move to Tasmania, the kids weren’t happy, but we had to think of us. We were too ashamed to tell them.
I went onto Disability Pension, hubby is my full time carer and we rented a house for over $200 less than what we used to pay. Watching TV we saw an ad where we could get a home loan on a pension, we could only spend a certain amount due to our ages, I think it was $55,000, but with the first home buyers scheme, we had it covered. For the deposit, we paid extra to the real estate, part rent, part deposit as we found our perfect home with almost 2 acres, one street from the main street, and a short walk to school for the kids – $50,000. We offered her $45,000 and she accepted, therefore the repayments were pretty low, only $130 a week, much less than what we paid in rent. So we went for it.
Without being able to work, we struggled, as soon as we would get the credit cards down, the bank would increase our limit. Finally we crashed, everything was too much, we were still paying our mortgage and paid extra, but with everything else we were robbing peter to pay paul.
1st step – We went to the council and filled out a form to pay our rates fortnightly, $20 a fortnight – nothing.
2nd step – We rang one of the Credit people that advertised to help. They stopped the phone calls looking for money, no more harassing phone calls. We signed a Government Debt assistance form through ‘Debt Cutters’. They did everything, all we did was had to pay an amount out of our pension. It took 5 years, but every bill, every credit card, everything we were worried about was GONE! Never to be seen again. I would never have another credit card again, just a Debit Card,
Our credit rating isn’t crash hot, but all our debts are paid off, we are much happier, not ashamed anymore for lying to anyone who asked for money, you know the answers – we sent a cheque… I thought my wife paid that… etc etc We ARE FREE!!! If you are having problems, never hide from the people you owe money to. Always be honest with them, even be cheeky and ask for some help, the credit card people have a facility for hardship, PLEASE do not be ashamed, we have all been there. Good luck and I am here if you have any questions. Thank you. xxx Dee
Posted by dee lindsay, 31st March 2014
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