I’m one of the millions of Americans hurt by student debt in 2010. Ironically, my success as a student, earning straight A’s in math in high school, a tradition that I continued in college, did not position me for success in the real world after graduating Summa Cum Laude. In fact, it set me up for bitter disappointment.
Despite my demanding student workload and the complexity of calculus and number theory, I flourished in advanced math. Then, much to my parents’ dismay, I could not get a decent job in my field, eventually, settling for an entry-level position in finance at a credit rating agency.
I spent my working hours calculating the rate a debtor could pay back a debt, burdened with the tedium of estimating the likelihood of someone making timely payments on a loan or defaulting. I just couldn’t find any decent employment for my skill set no matter how many resumes I sent out. It was a little like being groomed through high school and college to become an NFL rookie, getting good at the game, and then getting hired as an arena football league bouncer.
Besides my wounded pride over the fact that society asked so little of me, I was now drowning in student loan debt, and I also had to live on my credit cards to handle the rest of my modest monthly expenses.
Fortunately, things got better.
You’d think that a mathematician would be quick to notice his own mounting debt, but while I was nimble at evaluating other people’s dire financial perils, I was too numbed out by my disappointing career to take a close look at my situation.
Then one fine day, when I had run out of money in the last week of the month, I sat down and crunched the numbers to figure out where my money had gone. I calculated I had $60,000 in credit card debt. Whoa! How did that happen??
Realizing that I was merely paying off the interest and barely touching the principal of the credit card balances, I looked for a new way of dealing with this new financial problem. That’s when I discovered Brice Capital, which offered debt consolidation loans.
Consolidating my debt meant taking out a new loan to pay off all my existing credit card debts at a lower interest rate. This was a step in the right direction, helping me get out of debt faster.
One advantage of debt consolidation is that it simplified my life. I was no longer spending hours each month poring over multiple credit card bills wracking my brains trying to figure out how to come up with the money.
Another advantage of getting a consolidated loan was that it improved my credit score because I could now afford to make regular payments.
A New Direction
After a few months, all the stress of my credit card debt had gone. My life was now back on track. Feeling better and bolder, I visited my campus and chatted with my favorite college advisor, the one who had guided me through my mathematical adventures.
Unlike everyone else who knew me well, she didn’t view me as a disappointment, a wunderkind who had floundered and failed
“It’s really simple,” she said. “Jump into the Foreign Exchange Market. You could become a superb technical trader in almost no time. You don’t need to work for anyone.”
The consolidated loan I got took care of my credit card debt, and it put me in control of my money. I’m now trading the FX market, putting my analytical and problem-solving skills to good use, earning in a month what used to take me a year to earn at the credit rating agency. Who knew that a consolidated loan from Brice Capital would set me up to earn more than enough to tackle my crushing student loan debt.