Summit reduced her debt by challenging four prescribed loans
Before Summit, I often worried about my finances. The thought of repaying all the money I owed was extremely stressful. I felt like I was doomed and there was no way forward.
Patience saved R107,883 on her debt when Summit challenged debt collectors to write off four loans that had prescribed after being inactive for over three years. For Patience, this was a wake-up call to address her spending habits and change her approach to debt.
Patience says her lowest point came when she and her husband applied for home financing and were rejected due to their high debt levels.
Luckily, they were referred to Summit and got the help they needed. The biggest lesson was to never use debt to repay other debt. According to Patience, it’s like opening a sinkhole, and it’s a mistake she’ll never make again.
“Now we both sleep better because we have a tomorrow to look forward to.”
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