“It didn’t even cross my mind”: how Anand replaced $35,000 in credit card balances with one repayment

A good income did not make the pressure disappear

Anand lives in Marsden Park with his wife and two children and works as an IT data analytics manager. Although he describes their household income as strong, the family also carries substantial monthly costs, including a mortgage, childcare and regular travel to visit family in India.

The credit card balances were always in the background. Anand estimates he owed about $35,000 across several cards and was paying roughly $1,200 to $1,300 each month.

“The debt was subconsciously there all the time,” he says.

Turning several cards into one payment

Anand had built his own spreadsheets and dashboards to track money, but keeping them updated became harder with two young children. He used WeMoney to compare debt consolidation options and applied with OurMoneyMarket.

According to Anand, the application was approved within one or two days. The card balances were replaced by one personal loan repayment of about $325 a fortnight, which he estimates improved his monthly cash flow by roughly $500 to $600.

He also reduced his access to revolving credit. Instead of keeping several cards open, he retained one card with a $2,500 limit and aims to pay it off in full.

More room to focus on family life

For Anand, the biggest change is mental rather than mathematical. There is now one scheduled repayment to plan for instead of several card balances demanding attention.

“It didn’t even cross my mind for the last three months,” he says.

Anand still has a mortgage and other financial commitments, but the credit card debt now feels structured and visible. His experience shows why a higher household income does not automatically remove financial stress, and why simplifying repayments can matter as much as the headline number.

See what one repayment could look like for you

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Disclaimer: Anand’s experience is his own and is not a guarantee of a similar result. The information in this article is general in nature and was prepared for information purposes only. It should not be considered financial advice and does not take into account your objectives, financial situation or needs. Consider whether it is appropriate for your circumstances and seek independent advice before making a financial decision.