This is my story
It started with being a bit excessive. The debt and the excessive spending and then the interest rate, I couldn’t catch up. It was so difficult to keep up with the monthly repayments, and then I had the interest rate hitting me from the other side.
Amir was ahead. He had saved a decent deposit for a property and was working in a job that paid well. Until the day he was approached by a family member to contribute money for a joint property. He knew he was unable to refuse.
This property became financially burdensome very quickly. He was asked by the same family member to borrow more money to contribute again to the cost of the home. This pushed Amir to the edge. He was taken out loans that he could not afford. He felt pressure to continue to contribute financially.
Amir felt controlled and unfairly treated in these family relationships. He was paying the bills on the property.
He eventually moved out of the home he was sharing with family members. He continued to pay the mortgage, but now, was also paying rent on his own place. He was forced to sell. The money he retrieved from the sale was a small portion of what he contributed to the initial deposit, additional lump sum payments and mortgage repayments.
He was also in debt from balancing these expenses that he could not afford.
“I was exhausted. I had support of friends but not of family, it was terrible.
“It started with being a bit excessive. The debt and the excessive spending and then the interest rate, I couldn’t catch up. It was so difficult to keep up with the monthly repayments, and then I had the interest rate hitting me from the other side.
“It has changed, I don’t buy anything that I don’t need not because I can’t afford it but because I have changed.”
The hardest thing for Amir was managing the interest rate and the multiple credit cards.
“It was my fault, I did take out the loan, and I wanted to deal with the issues.”
“I called Way Forward, and spoke to Paula, the angel. It wasn’t just how she helped me, it was how she spoke to me.
“She gave me the assurance that there is light at the end of the tunnel. And we can do something, and she was absolutely amazing. To hear her voice, and the comfort it gave me, I started to sleep again at night.
“I used to feel like there’s nothing left for me in this life. It was really tough.
“Way Forward has changed my life in a really positive way. I enjoy my work. I got promoted, I am doing so well in my work because my focus is on my work and not on anything else. I’ve been paying off the money each fortnight and I’m even saving some money now.”
“Don’t lose hope.
“Yes, it’s going to take me three years, but it’s already been 6 months, these three years is going to be nothing. No matter how big the debt, just approach the right people.”