Debt Consolidation Vancouver

Real people's stories about their struggle with debt. For more information go to www.debtgone.ca

Continuing a Tradition

The blogs were a nice introduction to the debt consolidation process. The variety of entries and the personal accounts helped me put together a clearer picture of the services Full Circle offered.

One interesting point I learned was that the service was not in the business to offer a consolidation loan. I would be paying my creditors, through the Full Circle Company. This was reassuring. I already had enough creditors; I didn’t need one more.

It was also nice to know, that once in the program, my creditors would not be permitted to contact me. No more voice messages, angry letters or threatening emails.

The best news was that my credit score would enter a different category. The new rating would be R7, a rating reserved for individuals who ‘voluntarily’ enter a debt consolidation process. As I continued to work on my debt, my rating would improve towards the goal: an R1 rating.

The blog was actually a really interesting read.

And now look at me. I’m writing on the very same blog that inspired me to start a repayment program.

So, if you have been enjoying my story, make sure to scroll down and read the personal debt tales from the other four writers who have produced for this blog.

Thank you Scarlett, Ben, Eve and Julia. Your work has shed light on a service that many Canadians should learn about.

Back-up Plan

It’s my second week of chronicling my journey here, and I’ve been playing around the blog a bit. I did some reading up on my predecessor Scarlett and even checked out Full Circle’s site, to see what they’re all about.

I know Scarlett had great results working with FC and everything, but I don’t know if I’m ready to take that leap yet. After all, I’m just getting comfortable with admitting the serious $H!# I’m in… You might think that it’s bull-headed stubbornness or even delusions that make me want to go it alone, but a guy’s got to try right?

I will say, though, I was glad to see that the process is pretty painless if I decide to get some professional help to manage my debt. It doesn’t leave the lazy-guy-in-me with any excuse to not sign up when all I have to do is fill out my name and contact info.

It’s just see you later…

At Full Circle, we love our clients. Helping them manage their debt is our passion, and sending them on their way to a debt-free life is what we aim for. We build such strong bonds with our clients, that it’s a bittersweet moment when they reach the point of financial freedom – and part ways with us.

Such is the case with Scarlett, who was kind enough to share her story with the world on our blog. Now that she’s got the skills she needs to manage her debt, she’s more than prepared for staying on top of her bills and payments. Although she’s parting ways with us today, we know that it’s not goodbye; rather, it’s more of a see you later. Not because she’ll fall off the wagon, but because we know she’ll be back, but with success stories to tell.

But first… A Word from our Sponsors

We hope you are enjoying Scarlett’s story so far. It is certainly told with a lot of heart.

We at Full Circle Debt Solutions thought that we would interject here for a moment to offer a bit of a reality check. As we don’t want you to get worried that debt is just doom and gloom (sorry, Scarlett).

SPOILER ALERT:

In the end, Scarlett was able to make her payments a manageable $150/month (from $300/month) – and in the end, she paid her entire debt off within a year.

Scarlett and Mark now live in a beautiful three-bedroom apartment with a sunny North-western view. They have two beautiful children – Griffin and Silvia.

Life all worked out in the end, and to her credit, Scarlett did it all on her own. After picking up the phone that day in the bath, she called us up at Full Circle Debt Solutions and were able to consolidate her debt, talk to her creditors, and negotiate payments that suited her lifestyle. In the end, we saved her thousands of dollars in bills and months of headaches.

She did write this blog, years ago, and would like to share it with you for inspiration. If you would like to follow along from the beginning, click here.

Our sponsors.

Love!!!

Sometimes life can really surprise you.

Things were looking pretty bleak for a while there.

Let’s face it. There is no way a legal assistant making $18/hour, with over $300 in monthly bills, can ever get out of a $25,000 debt.

Even paying $1000/month, for 25 months, is not sustainable. There’s rent, food, transit to pay – and not mention that $300/month bill that’s more than your rent.

It’s a nightmare.

It’s a hell that most people my age face. All your life you are told to do what you love, and when you do it, and it doesn’t work, you have to pay the rest of your life for it.

What a drag.

Either way, my debt was way out of control. I was living in a run-down house that if you slammed the basement door the entire building shook. The porch was held up by a flimsy piece of chain the size of your pinky. The back door had been broken into and there was a piece of plywood over the shattered window. Great. The whole place should have been condemned. It was a tough situation to be in, and everyone I lived with were in the same boat. Debt, gloom, desperation.

I was working as this legal assistant, which mostly meant filing papers and making photocopies and looking up stuff on the Internet. Not too bad, but I don’t think I ever saw much of a lawyer except the inside of his nose.

One day this new guy moved into our flat. I loved him right away. He was just the right combination of artistic ambition and solid grounding. He wasn’t a dime in debt and he was looking to break into architecture.

I liked him for other reasons as well, of course, he was nice enough, and he was pretty tall. Pragmatically though, he was everything I needed to make my checklist of dreams a reality. I grabbed on as hard as I could. He fought me at first, but eventually, he couldn’t help but love me. I’m good. But he kind of won me over too.

It had been a long time since I had looked at myself as wonderful. I was talented. And beautiful. And loveable. It has been a while since I had given myself so much credit.

Love!

A New Direction

Right then, that day – something magical happened to me.

There was something about writing that list that empowered me. It gave me direction. And for the first time in years, I felt that life could be full of possibilities and opportunities, and hope.

I was in legal assistant school now. I had yet another student loan under my belt, and as I couldn’t work at the restaurant or call centre as much as I would like while I was studying – my credit card bill kept getting worse and worse too.

It’s interesting how they raise your limit the further you are in the hole.

I spoke to someone, way back when, and they told me how to get my credit card bill down from 20% interest to 10% interest. That was a lifesaver. If I had only known back then what I know now, I would have use Full Circle Debt Solutions to reduce ALL of my debt in the same way.

Either way, at this point, I figure I was about $25,000 in debt. That is a ridiculous amount of money – especially for someone making $20/hour, or $3000/month after taxes.

It felt hopeless. I moved into the cheapest apartment I could find.

At this point I quit the soul-destroying, part-time call centre job and took a job at a supermarket. I hated that too. I worked with a bunch of losers.

I thought I was special. I thought I had talent. I had been selected, out of all of my classmates, as the most promising set designer… what happened!?

My monthly payments were way out of hand.

My first boss only agreed to pay me $18/hour (although the industry standard was $20), but I was desperate. I needed to get out of this debt.

I took my first legal assistant job – and to be honest – I hated it.

You see so many people that just give up. They resign themselves to paying the minimum monthly payment each month, and that’s it. You can see them sinking lower and lower. And their eyes getting more and more sad. Their vehicles going without repair and their houses without mending. It’s tragic, in a way. But debt is like a wraith that needles into your body, and latches onto your spine, and slowly, ever so slowly, sucks out your soul – until you are a shell of the person you were.

I’ll admit it. Even with this new job. I was scared.

Where do I go from here?

Six White Lies We Tell Ourselves When We Are in Debt

This story is built upon six little lies.

The first lie, was a lie to myself. I told myself at some point that I was not an artist.

Basically, I let them beat me down to think that I was stupid to think that I was special. I can’t really pinpoint ‘who’ they were. But the worst part about being in art school is that everyone judges you, especially your parents – especially your friends.

The reality of it all is pretty basic. If someone is doing something that you wish you could be doing while you’re doing something that you hate – you resent them. The more people toil away at jobs they hate, the more they think that everyone should do the same.

It’s unfortunate. It is based on envy. And it sucks.

The reality is – very few musicians get to the point that they make a living doing what they love. Same with writers. Same with directors. When you get into the finer arts like sculpting, and interior design, and concept-driven high art – it becomes even harder.

Half of my class ended up pregnant, or in a comfortable relationship with a picket-fence partner. Toiling their craft essentially as knee-jerk entitled attitude (which we were taught) to cover any absence of dedication to the craft. The other half beat their heads against the wall until opportunity arose, or like me, they came to terms with reality.

To be an interior set designer is expensive. First off, you need the clothes. It’s hard to haggle in the tens of thousands if you’re not wearing something they trust is worth the same.

My world became a world of knock-off LV purses, and hand-me-down Prada shoes and borrowed cashmere and gems.

I was faking it, alright, but I had no choice, that was the only world I knew.

Combine a Canada student loan, and then another, with a maxed out credit card and lines of credit stretched to the point that they could scream – and you have a desperate situation, with only two outs.

  1. I could find a man, or anyone, as fast as I could to support me.
  2. I could look at reality with cold, sad eyes, admit that I was no artist and give in – and take on a new profession.

I did the second.

I was no artist. And the more I told myself that, the more bitter I became.  But telling myself that was the first of six little lies.

Because it wasn’t true. I was an artist. I am. And I know this with all my heart.

It's not easy being an artist.

The Experiment


As you may have guessed by now, this is the story of a sensitive artist that got herself into too much debt and doubt.

For whatever reason, she documented her struggle, the trepidation and ups and downs, and eventually, her goal to break free.

We were fortunate enough that she chose Full Circle Debt Solutions as the company to help her consolidate her debt – because her story is a fantastic one. An avid writer, she blogged the entire process in order to keep some kind of daily focus to her task.

She came to us with over $20,000 in debt. Today, she is debt-free. In only four years she turned her life around, and she documented every second. She is very proud of her story. So are we.

We asked if we could reprint it here, as a weekly column of sorts, on this blog.

She agreed, as long as we changed a few names and details. Her biggest worry, strangely enough, was that her story would appear as a rather good, if not long, testimonial to our capabilities and services.

Please note, that none of these posts have been fact-checked by Full Circle Debt Solutions, and any data cannot be verified without talking to one of our staff.

However, in the name of artistic exploration, we present to you: Scarlett.

The Experiment Begins

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