Esther came to Brightside to help eliminate her debt so she could plan ahead and save up for vacations. She was working to pay down her debt but needed a more structured payoff plan. She had six credit cards and one consolidation loan totaling over $21,000. She said emotional spending had led to her credit card debt, which was causing tension in her marriage. She wanted to take the weight of debt off her shoulders and eventually be able to pay for her vacations in cash. Esther reached out to her Brightside Financial Assistant (FA) for help.
- Esther and her FA worked together to create a budget that added $200 per month in cash flow. They allocated some of that extra savings to debt payments and the rest to savings.
- Esther’s FA helped her settle on a snowball debt-payment method, which paying off smallest credit card balances first. Following this guidance, Esther paid off $13,000 of her debt in just six months! And her credit score rose from 630 to 685.
- Thanks to her new emergency savings, Esther didn’t need to user credit cards for the $800 flight home when her father died unexpectedly.
- Esther’s FA also referred her to EAP for help addressing her marital issues and emotional spending.
Brightside members save $1,200 per year on average. Really! Talk to your Financial Assistant today to see what Brightside can do for you.
Just call 855-940-1507 to get started.