Profiles in Success: How Magalie M. Settled $25,000 in Debt in 3 Years
The Situation
In 2006, Magalie M. of Massachusetts was facing substantial debt problems. Growing home needs and mounting credit card bills had led to nearly $25,000 in outstanding debt. Between their mortgage and the other growing debts, Magalie and her husband were finding it increasingly difficult to keep their heads above water.
The Solution
A friend recommended DMB Financial to Magalie, who called and spoke with one of the company’s program consultants. Magalie learned there was light at the end of the tunnel, and was able to structure a strategy that worked on her terms and within her budget.
The Result
With a strategy in place and funds accumulating in an F.D.I.C. insured special purpose savings account, Magalie and her husband were able to settle all their unsecured debt in 36 months.* “It was a dream come true to realize we were debt free,” says Magalie. “I’ll not hesitate to refer any member of my family or friends to DMB. If I was a teacher, I’d give them an A+.”
*Individual results may vary based on ability to save funds, amount of debt, willingness of creditors to negotiate, and the successful completion of all program terms. Program does not assume or pay any debts, nor provide legal or tax advice. Prudence should always be taken by consumers when reviewing contracts and disclosure materials. DMB’s services not available in all states.
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