Mortgage Payment Became Unaffordable
Michele faced hardships from many different angles. Her mortgage payment became unaffordable after her initial payment skyrocketed. Her husband lost his job. She subsequently got a divorce, lost the home and filed bankruptcy. She continued to struggle to keep up with her household expenses after a consolidation loan only provided a temporary fix. She finally opened up to a friend about how it felt to be unable to afford Christmas gifts for her children.
0:36 Michele provides an update on how she is coping with income loss and a totaled car in the midst of the pandemic.
12:54 Michele discusses how her mortgage became unaffordable and how she ultimately lost her home.
23:54 Michele shares about how it felt to file bankruptcy after her divorce.
29:46 Michele takes out a consolidation loan, but quickly realizes it’s not a long term solution.
32:22 Michele confides to a friend how it felt to not be able to afford Christmas gifts for her children.
36:14 A call from her daughter’s coach causes Michele to reach her breaking point.
37:52 Michele describes her initial call to GreenPath as “hitting the lottery.”
47:50 She’s now encouraging others to reach out to GreenPath for support.
56:59 Michele explains how her entire mindset around finances has changed.
1:03:34 Our co-hosts reflect on Michele’s story and what all of us can learn from it.
Music by Hir-O