Dianna Schofield is unemployed, just completed a messy divorce and inherited about $23,000 in unsecured debt. As a result, she is moving back home with her son.
With no income for 6 months she has resorted to credit cards, personal loans, and pay day loans to survive.
Income: $2000 (child support only)
Total Accounts: 3
Credit Score: 610 (below poor)
Credit Utilization: 93% (almost maxed out and paying high interests on debt)
Debt to Income: 100% (not enough income to pay off debt; client is considered a credit risk)
Spending: $1100 in monthly payments. High interest rates between 16-35%