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.
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