Harry and Rosemarie were doing OK financially, both were working, but Rosemarie had too many credit cards. Their mortgage company started encouraging them to refinance their home and cash out the equity; she knew the money would help her pay off her cards. At the time they could afford the higher mortgage payment, but their income decreased and one of their autos was repossessed. They filed a Chapter 13 bankruptcy to protect their home and get out of debt. Over the next 60 months in the plan, Rosemarie credited Harry’s discipline in managing their money with changing their spending patterns. They ate at home more, did not drive the car unless it was necessary, and bought only clothes they needed. After their last plan payment was made, they obtained a secured credit card, charged their Christmas purchases, and paid them all off in January instead taking a year to do it. Living without credit for 5 years taught them they could live on what they made. They determined never to be in debt again, except for their mortgage.
"This course is great. I can think of 3 friends off hand that should take this course." - K. Clifton, Dallas Texas
"Wish this was taught in high school" – W. Muskgraves
"This course was well-deserved and useful. I will apply this knowledge to continue my successful financial success moving forward, better budgeting and making wise and smart decisions financially." - R&J McAnulty
"This course will help me and my husband a great deal. We are learning things from this course that we had forgotten or did not know." - K&M Jackson, VA
"Enjoyed the course and will be using the tips on the percentages for budgeting to help stay out of debt." G&C Boone, Hopewell VA
Wish I would have known this information earlier in life.
S.G., New City, NY