2020 has been a difficult year with the impacts of Covid-19 continuing to be felt throughout economies globally.

It's difficult to predict what 2021 is likely to be like economically, with government stimulus running its course in some countries.

It's been a privilege to support so many people across 2020 and we look forward to confronting the challenges of 2021 with you.

Best wishes for the year ahead,

Sophia & Dimitri 

In Episode 7 of the Drowning In Debt podcast, we discuss a client file, Simone and her battle with $22,500 in Credit Card Debt.

Following the passing of her husband and with a reduction in household income, Simone found herself emotionally and financially vulnerable. There are many customers who meet the vulnerability criteria, and it's important to understand Simone's debt in that context.

Thank you for listening to our podcast.
 
If you or a loved one is experiencing financial difficulty, please reach out for support.
 
Warmest regards,
 
Sophia Kargas 

In Episode 6 of the Drowning In Debt podcast, we delve into a client file.
Rachel approached us in significant distress. She had accumulated $153,000 in credit card debt across 9 credit cards and 6 lenders. She was in a bad state financially but also emotionally.
We've been working with Rachel for the past 9 months and have made some wonderful progress. More significantly, Rachel has taken great strides over the past few months and she faces into seeking the relevant support she needs and a clear pathway towards returning to work.

In episode 5 of the Drowning In Debt Podcast, I interview my husband Dimitir.

Dimitri shares with us his journey in accumulating $160,000 in credit card debt, the steps he took to overcome the debt, along with his views on covid-19, helping others and how he's coping a couple of years on.

We hope the information is helpful in taking the first step in overcoming your debt and building a brighter future.

Best wishes,

Sophia Kargas  

In episode 4 of the Drowning in Debt Podcast, we interview Jesse Errico from JE Consulting.

With over a decade of experience in retail banking, both as a lender and a Branch Manager, Jesse has made the successful transition into Mortgage Broking.

We discuss all things lending, client best interest and financial hardship in the midst of the covid 19 pandemic.

We hope you enjoy.

Sophia & Dimitri Kargas

In this episode of the Drowning In Debt Podcast, we discuss the Financial Hardship process in a Covid19 environment,
Each of the banks has a subtly different hardship application process. There is no shame in putting your hand up for some breathing room, and assessing all of your options.
Completing your Statement of Financial Position is the first step, and a wonderful opportunity to review and reassess each of your expenses. Do you really need that car lease?

Please reach out if you require some support.

Best wishes,

Sophia

I was in denial for a long time as the world was crumbling around me financially.

In this episode, I talk through the denial I was experiencing for a long time and the impact this had on me emotionally, personally and professionally.

It's difficult to put into words the pain I was experiencing, and the pain my actions caused to both family and friends. I hid from the world for a long time.

I hope that in sharing my story you are encouraged to take the first steps on your debt free journey.

With $160,000 in credit card and losing the family home, I was crippled with shame for many years.
How would this happen to me? A professional who worked in banking, surely I should have know better.
I soon realised that I was not alone in dealing with my demons, and many people were in fact Drowning In Debt. 
Feeling the shame was a natural part of the healing process, and I'm delighted to be sharing the journey with you.