When i was much younger, to keep up with the finances at home i signed up for a credit card with a limit of $500. Problem grew bigger. We shifted house. Got chased by loansharks and the credit due just slipped thru my mind. The end off 2016, received a call from the 3rd party that informed me i need to pay $2k in order to close the account. In anycase i fail the total amount that was accumulated over almost 15years will be due, which was about $18k. Quickly den i applied for loan with 1 moneylender, but with my pay the amount they could give was $1.8k after deduction of the interest and the admin fees. Therefore i headout to the 2nd moneylender, take up the same amount of loan $1.8k to settle the credit card issue.
With the balance, some family issue arises that they call out for help with the wedding finances. Made arrangement, did booking and deposits for them with promises they would pay back however closer to date, the wedding was called off. Leaving me owing the moneylender funds.i tried to persuade my parents to ask for the funds back but they themself were relectant as the family that we were helping are not financially stable.
After 1 month of loaning from 2 moneylender. Goverment changed the policy that no loans shld be paid by interest only, full payment must b made to close account.
I keep loaning to pay. Digging one hole to cover another when end up when i tried to loan again from moneylender they dont allow as my pay is low and according to them i have reached my limit.
I do alot of sidelines to cover the loans but i still cant seem to make full payment. Ended up i had to loan from the illegal.
Illegal ones payment weekly. Every weekend i worked so extra hard end up i can just pay the interest.
One promises a high loan amount but i had to start small. I was always on time with my layment and when it comes to reloan they just vanish.
All this is ontop of the 2 personal loans i took in as my investor while i was trying my best in running my own business. Breek and mortar shop, but w/o proper manpower the business shut down within 1 year. Leaving me still monthly paying my investors when my pay is in.
And today as i was typing this i have did somethg that kills me inside. I took my mums necklace to pawn just to pay my loanshark interest.
I am capable of paying any kind soul 1k per month. All i need is just assistant to pay all my debts in 1 lum sum. I cant take this burden anymore of worrying where and how can i pay these debts off as all i can do is keep paying the interest.
I understand that this is a platform where people donate or fund in together. If there is a kind soul that is willing to loan a lum sum and take my offer of repayment of 1k per month please do reach out to me.
But in anycase that the issue is fully funded by the public. I will also repay the kindness by repaying back 1k a month back to those needy organisations/people as a way of me repaying back your kindness.