The Path to Debt-Free Living: Rachel’s Triumph Over $28,000 Debt

When the insurance company refused to pay, Rachel was stuck with $35,000 in unsecured debt.

Rachel's story is not just one of financial recovery but also of dealing with life's unpredictability.

A year after a significant car accident that left her with muscle skeletal issues, Rachel was sideswiped by another car. Thinking the driver's insurance would cover everything, Rachel put all the expenses on credit cards.

Rachel to turned to MMI for help, a decision that ultimately alleviated her financial stress by consolidating her payments, reducing her interest rates, and helping her move past this horrible time in her life.

Her account highlights the importance of financial counseling, with Rachel praising the simplicity and support offered by MMI. She speaks candidly about the lessons learned through her experience, such as the significance of living within one’s means and having a robust financial plan.

Key moments:

(00:00) The plan to pay off medical debt when the insurance check came in

(03:05) But then the insurance company refused to pay, leaving Rachel with over $28,000 in unsecured debt

(07:18) Lesson learned: Avoid credit card debt; there's always a way forward despite challenges

(10:46) Rachel's recommendation: Strictly managing your finances to address thumb issues and avoid high credit card interest

(14:26) Moving forward: Being debt-free means overcoming financial challenges and breaking the stigma associated with debt

Rachel was recently married and own their home in Colorado.