You Are Overloaded With Debt
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You
have five credit cards with balances totaling over $15,000.
You and your wife together earn $22,000. You have medical
expenses of $6000 (left when your insurance didn’t
cover all the medical bills after your wife’s hospitalization).
After taxes you take home almost $1500/mo. Your monthly
expenses amount to a little over $1700/mo. and there is
no more room on your credit cards.
You apply to Chimorel’s
Client Assistance Committee for a $2000 10% loan with the
following provisions: (1) You will raise $1000 and Volunteer
20 hours, $500 will be applied to your loan. (2) You will
work as a fund raiser on a 10% commission basis. (3) You
will restructure your loans through Chimorel’s credit
restructuring program. (4) You will pay $100/mo. on your
loan payment. (5) You will become a 7*3*5 PlanSM
member. |
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