One married couple with two kids. He is an employee, she is a jobber. He was laid off 6 months ago, so the earned money is not sufficient to stay on track with the monthly mortgage payment, insurance, financing payments and other fixed costs. The danger of losing the partly paid house is huge. Also there additional problems arising, like paying the kids school trips or repairing small, but required, things in the household.
Help is required, but who can help?
The debt counselor visits the families, takes of the inventory and checks the balance of the family: What is required for live, what is unnecessary and can be avoided, where can money be saved? Is the father required to sell his beloved car? Are the kids allowed to keep their cells? What about mother’s hobbies? Painful sacrifices have to be made, in order to save the family.
The debt counselor is a financial expert, he’s a psychologist, and he is a facilitator between the family and the externalities, the trustees, the creditors. He is negotiating with them about new payment timings. He tries to put downward pressure on interest payments and align mortgage payments when debating with the banks.
The solutions have been found. Sacrifices have been made, tears were shed, but overall: the family has won the battle!
Producer: Probono
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