Need to control my debt
I felt very hopeless, scared, threatened by my banks at that moment because I couldn’t afford to pay my bills anymore for a couple of months. I trusted someone who borrowed a huge amount from me which turned out to disappear after promised dates. I didn’t have anybody to share my worries because I don’t want anyone to make me feel even worse thinking how stupid I was to trust that person. I’d been constantly getting calls from my banks every day, they were sending me e-mails, some of them even called me at work it was so embarrassing. I just felt like my life was over. I’ve been crying all night, and just felt so hopeless. I went to seek help from legal aid and went all over the place searching for help. I even went to this ‘debt proposal place’. The place I went to was asking $3000 for them to help me. I just wanted to die already and felt like this is all over now for me. Then, one morning I woke up, all blank and just felt nothing anymore. I was crying so hard and just wanted to disappear already. Then I just thought of going online and searching for bankruptcy programs. I did find about licensed insolvency trustee I didn’t really know much about it before or what their providing, but my gut just told me to give them a call. They did give me some proposals I don't know what to do with it? Shall I go forward them or try something else?
In a separate thread you said your education loan is 25K at 12% interest and you have a part-time job. That's only $3K a year in interest.
You need to get a full-time job and negotiate a payment plan with the entity that holds your loan. Declaring bankruptcy will ruin your credit and it is not worth it to erase such a low amount of debt.
Yes I am trying best to get a full time job.
There are a few things you need to do now:
gpck was spot on above. If none of the above works, you can restructure through bankruptcy court. I know #1 is hard to hear with how you feel, but you need to hear it.
Thank You @David I will try best to find a job.
Adipisci amet maiores ut enim. Quo ullam exercitationem consequatur nostrum earum nam distinctio. Nam qui non est inventore delectus dolor. Expedita et aut libero sit. Non sint minus tempore repellat.
Eligendi illum accusantium ea dolorum. Quae architecto corporis ut et id. Nisi voluptatem autem ut eaque. Laboriosam quo repellat et deserunt porro reiciendis. Iusto debitis maiores sapiente.
Occaecati laboriosam voluptatem sint natus laborum sit culpa. Eum explicabo ex dolores laudantium natus illo ipsam. Similique facere ipsa vitae. Officiis dolor impedit ipsam maiores ad architecto. Iste tempora et et suscipit natus inventore. Qui alias ullam illo quia.
Sapiente quod est tempora officiis aut. Molestiae nesciunt ut at eum. Reiciendis veritatis sapiente tenetur qui odit. Totam corrupti ea quos expedita voluptatem sed iusto. Qui aut sit commodi vitae laboriosam est. Aut temporibus facere rem hic. Qui enim sit rem commodi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...