We are John and Janice Talmadge. John is a licensed RN for 25+ years, Janice is a successful real estate agent for 6+ years, and although it didn't show we were in crippling debt. John would come home from work on several occasions to find Janice in tears due to a real estate transaction that fell apart and how horrible she felt that it affected her income that month. In 2017 we signed up for several credit cards and tried to manage the debt on our own because we were tired of running out of money before the end of the month. We spoke to a friend who is also a lender and tried to obtain a HELOC (home equity line of credit) for $50,000 to cover credit card debt and give us a bit of breathing room during the slower months of real estate. Due to our debt to income ratios and the fact we didn't have much equity in our home, the amount they would loan us was trivial and wasn't worth the fees. While attending a business presentation, we met Charlie Baer, Director of Financial Services for Shop Financial. Charlie suggested that we see if Debt Shredder could help us by getting a free debt analysis. After becoming completely overwhelmed, we finally decided to speak with a Debt Shredder representative to see whether or not the program could actually help us. Initially, Janice could not see the value of the program and felt that it was just another way to incur more debt. But, after reviewing the free debt analysis report more closely, John was able to appreciate the value of what was presented and could actually see the potential. According to the analysis, we found that our total debt owed was over $400,000 (this included our mortgage), to be paid off over 28.6 years. With the Debt Shredder program, we saw that we could save over $110,000 in interest and cut 22 years off the time it would take for us to pay off our debt, including our mortgage!!! We are a recently married couple in our 50's and the program has us DEBT FREE in only 6.6 years, which is somewhere in our early 60s rather than our late 80s!!! Debt Shredder showed us that we could accomplish this and still maintain the lifestyle that we were already living. Not only is Debt Shredder helping us decrease the amount of interest that we are paying on our loans, it is teaching us to become much more financially educated. One of the things Janice especially likes about the program is that she no longer obsesses over her excel worksheets to track her debt. Debt Shredder is like a Living Checkbook! There is a peace of mind that the program will do all the calculations and use financial algorithms necessary to eliminate interest and create wealth as quickly as possible. Even the mental shift from debt to wealth mentality has made a huge difference in her outlook for the future. We approached a close family member about the program. She felt she was in good financial shape because she didn't have running balances on her credit cards. However, in an effort to help us during our training she said she would agree to a free debt analysis. After reviewing her confidential analysis report, we discovered that she had simply accepted that she (like most people) would be paying a mortgage for the rest of her life. When we asked her why, she stated that she paid extra on the principal when she could afford it, but that wasn't very often as she didn't have much discretionary income. When John explained one of the program's strategies for paying down interest that she had never considered, a lightbulb went off and we could hear the hope in her voice when she realized she could have her mortgage paid off much faster than she ever anticipated. We could literally hear her begin to dream again, she could have time-freedom, money for family vacations, a vacation home and even money for investments. We saw how owning the Debt Shredder program has literally brought us hope, reduced our stress and enabled us to make financially smart decisions about our spending and payoffs. Now we have the mindset of building wealth, something that was not ever spoken about before we started using Debt Shredder. John and Janice decided to go thru the training process to become Debt Shredder Representatives and help others begin to see how life looks without the overwhelming burden of debt and interest.
Janice and John T.
In July of 2011, I had 27 years to go on my 30-year mortgage, $30,000 in credit card debt, $5000 on a line of credit, and only $200 of cash left over at the end of every month. There was $80,000 of debt hanging over my head. I was paying $1,246 in interest out of $1,636 in credit card and mortgage payments every month. Only $390 was going toward principal. I started the Debt Shredder program because I didn’t have an escape route out of debt.
In the first 2 years, as of August 2013, I eliminated $17,871 of my $35,000 in credit card and LOC debt. I had $1072 of disposable income left over at the end of every month now, compared to the $200 left over just 2 years prior. I should be debt free within the next 4 years, far ahead of the bank’s schedule of 27 years. So far, I have saved (prevented) $42,000 in interest from going to the banks. My credit score went from fair, 620 to very good, around 754 as of June 2016. I am very thankful that I listened to the person who told me about this program. I took a leap of faith and a calculated risk, and it turned out very well.
I started using the Debt Shredder on January 1, 2014, at that time, we had three mortgages totaling $117,025.97. To date, June 6, 2016, I was able to pay off two of the mortgages and reduce our debt to $28,096.54 and we saved about $46,242.63 in interest. It was hard to imagine being debt free, but on March 10, 2017, Praise God , it will be real for my family. I can’t wait!!
I highly recommend this program, the success I am having with it changed my outlook on life, it gives me confidence and it put me in position to stop worrying about retirement and start planning for it.
Thanks and make it a great day!!
With 26 years left on a 30 year mortgage, over $70,000 in credit card debt, 3 car payments a Harley payment twin girls in college. I was stressed every week paying bills. I thought I was doing good with paying extra on each bill. We were going no where...
Then in November/2015 we started with Debt Shredder. So far as of July/2017 we paid off 2 credit cards.
We needed a 4 door car (hated to give up my convertible - 2 grand-kids) another used car in June. I thought this is going to put years on to our debt. NOPE!!!! plugged in the figures and to my surprise. We went from 6.8 years to 7.3 years out of debt completely.
I just follow the program...it tells me what to pay how much, when to move monies....it's that easy!!! We still live good.
Over $350,000.00 in debt. We will save $125,566.80 in interest...that would have gone to the banks. Better in our pockets.
My husband and I starting using the Debt Shredder program in 2011. At this time we were married for less than one year, had two car payments, student loans, and a mortgage from a home we bought in 2009. As a newly married couple we found ourselves trying to rebound financially from the cost of our wedding, manage our combined debts, and save for our future. Within the first two years of using the Debt Shredder we were able to eliminate both car loans and our student loans, as well as better manage our budget and increase our discretionary income. With the elimination of our loans we were able to pay down the principal of our home.
One of the best features of this program is that it adapts to your life. In 2013 we were blessed with the birth of our first child and saw an increase in our monthly expenses; however, by noting these changes in our account we were able to stay on track financially and continue paying down our mortgage. In just 5 years we built substantial equity in our home, allowing us to build our dream home while also having our second child. The Debt Shredder gives us financial confidence in managing a new mortgage, childcare costs for two children, and planning for future expenses such as replacing a vehicle and purchasing furniture for our new home. Even with all of these new expenses and uncertain increases to our salaries, we are looking forward to being debt free in 10 years. The Debt Shredder is a great tool to help us manage our spending, plan for future expenses, and save thousands of dollars in interest. It is an investment that pays us back over and over again.
Hugh W. & Cheryl J.
Cheryl & I just bought a home together and got a 15 Year mortgage on it for $140,000. The mortgage people very happily told us about the low 3.625 APR and the low(er) monthly payment we would have. What they glossed over was that if we paid the loan off as we contracted we would pay over $41,600 in interest.
Enter the DEBT SHREDDER. Using the power of this incredible program and the money we already earn, The DEBT SHREDDER will have us paid off in 7.8 years. We will own our home outright in half the time. Plus we will KEEP ½ THE INTEREST ($ 21,424.42) FOR OUR FUTURE AND OUR SECURITY.
Hugh W. & Cheryl J.
I bought my house for $112,000 in 2014 with a 30 year mortgage and I'm currently carrying $148,000 worth of debt...I bought the Debt Shredder in August and I'm on track to be debt free in 6 years and saving $62,000 in interest...in a little over 2 months I've already saved $1100.
Just recently I've been thinking more about having the desire to get out of debt as quickly as possible, the past four to five months. Then I started to take notice about the Debt Shredder program and what it does for people. I eventually was able to do a free Debt Shredder analysis and found out that with my $24,955.82 in student loans that I would be able to save 36 months of payments which would total $13,915.08 and $2,677.65 in interest. After I found out how much money I could save with this program it made me realize how powerful it is, so I decided to buy it. I don't have a lot in debt but there's so many people out there that struggle with a large amount of debt (credit card,loans, mortgages,&student loans). Also one of my favorite things about the Debt Shredder program is it helps you make future financial decisions if you think about taking out another loan and how long it'll take for you to pay it down.
When we sat down to review our Debt Shredder analysis, my husband and I were shocked to see that our total debt was over a million dollars! We own two rental properties and a primary residence, which we just bought in the Spring of 2016. We were used to thinking about the mortgage for each "roof" and the monthly income associated with it, but seeing our debt portfolio tallied as a whole was a bit of a wake-up call for us. I was hoping the Debt Shredder could show us a path to paying that million dollars off more efficiently, and was blown away when the results showed us how we would save over $300,000 in interest payments, and have ALL THREE buildings paid off in eight years instead of 30. I've heard of paying off your mortgage early, but this is twenty years early. Having our debts paid off in full will coincide with our kids being in middle school, which gives me a sense of peace surrounding paying for their college tuition, and our retirement plan. I was also pleasantly pleased to learn how paying our debts ahead of the bank schedule will enable our cash accumulation significantly... to the tune of about $3 million "future dollars". We got started right away, and now that we are a few months in, I'm happy to report that we've already saved several thousand dollars!
When we had our analysis done, we had over 30 years of debt. Debt Shredder said that it could get us out of debt in less than 10 years saving us $106,000 in interest. The decision to get Debt Shredder was a no-brainer to my husband and I. In less than a month since we started using the program, we have already cut off $14,000 of interest. This is truly an investment for us and can't wait to tell our family and friends about this program.
First, we dusted off the program that we bought yrs ago...we had over $190,000 in debt after mortgaging our home to pay for credit card debt and school loans. According to debt shredder, it was going to take another 14.7 yrs. But Debt Shredder shocked us with a payoff in 4.6! My wife and I are having so much fun watching the drip, drip, drip of our debts getting paid off. It's taught us budgeting and incorporating the many facets of the system.