Client Dashboard

#SuccessStory: Amitabh’s journey towards a debt-free life

Problems can knock at our doors at any point in time; after all, life is uncertain. In some cases, problems can have a far reaching impact beyond the ordinary and shake up the financial stability. 

And, the debt happens

Like many of us, Amitabh’s problems started with a medical emergency when his father was hospitalized in March 2020. He had to spend more than half of his savings on medical bills. Later, in April 2020, his wife and child got COVID-19, further aggravating the hardship. He spent all his savings, took loans to pay for the medical expenses, and paid hospital bills through credit cards. When the dust settled, by the end of May 2020, he had already missed three repayments toward his credit cards and personal loans. He kept taking loans to repay his current debts until his loan applications were repeatedly turned down by banks and lenders. 

Going gets tougher

The problem was now beyond the hardship, Amitabh was slowly getting trapped in the debt cycle. Multiple harassing creditor calls added more to his problems. At that point, he knew that he was already in a financial crisis, he had to repay more than 10 Lakhs, and his debt would not resolve itself.

A helping hand

Amitabh started looking for help on his debts and he stumbled upon FREED’s website. He reached out to FREED and spoke to one of the debt counsellors and explained his situation, FREED offered him a personalised debt relief option and worked on a plan that suited Amitabh’s current situation.

Resolve, Resilience and Reliance.

By then, it was amply clear that debt settlement is a process that requires resolve and it is not going to be just a walk in the park. Amitabh remained determined and strong-willed to become debt-free. Within four months after enrolling with FREED and making regular payments, his first account was settled in October 2020. His determination to become financially independent kept him going. Recently in June 2021, his second account was also settled. Amitabh is now racing towards the completion of the program and will be debt free in the next 90 days!

To a debt-free future

Amitabh mentions that FREED’ team has been supportive and helped him deal with harassing creditors’ calls while constantly counselling to stay the course. 

See more: Siddharth’s debt-free journey

Leave a Reply

Your email address will not be published.

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound