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.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.