Hello,
I’m seeking financial support to help me get back on track. I made the terrible decision to invest money in late October. It was actually the evening of Halloween, October 31. That evening, as I was walking home from the train station, I saw a man and a woman (who greeted me as they passed) entering a restaurant near where I lived. It was Friday night, and I thought I would enjoy going out to dinner. Thinking to myself, I should ask my mom when I get home. But as I was walking, I thought I should give her the choice of walking to the restaurant around the corner from our house or going to the casino, having dinner, and playing a little bit. She opted for the latter. Long story short, I grossly overspent that night and had to take out loans to cover the losses I incurred each time I went back trying to recover the money I had lost. Dumb decision, I know. But when you’re desperate, making bad decisions is easy. Now I’m in a hole for 27K because I didn’t know when to leave and kept going back instead of cutting my losses. Now I have taken out loans that need to be repaid. :(
Currently, I need $2,500 to cover my January expenses before it’s too late, and my credit score is impacted.
That said, the stress in my life would be reduced if I got help with my overall situation. Your support would keep my credit in good standing and avoid further financial hardship. Your assistance would be like a lifeline at this challenging time. It would allow me to regain financial stability, support my immediate needs, and reduce expenses.
I’m retired on a fixed income, and my loans are too much for me to handle. My background is in finance. I used to own a mortgage brokerage business and a credit repair consultancy, and I know how credit works and why it’s important for me to maintain mine.
I am partially retired. I retired at age 62, about three years ago, and I received $954 minus $143, which the IRS deducts for repayment on a business loan I had when I owned a mortgage broker company. I also work part-time, making an additional $800 per month.
However, as far as my current situation is concerned, I truly didn’t realize how my income would be affected by taking out all these loans to pay bills, and each time spending more money at the casino trying to recover my losses. And getting a debt consolidation loan is not an option. Doing a debt relief program would cost me, and it would just lower my payments. I would much rather wipe out the debt and pay my creditors back.
I was able to get a loan because I had fairly good credit. I took out the first loan for $7,000, which I used to pay off/down my credit cards, and the rest was applied to my rent, $1.795, which included a late fee of $150. The payment on the loan is $240. The second was $4,500 with a payment of $180. The third one was for $2,100 with a monthly payment of $71 for 5 years. I also need to repay my mother for the loans she took out, which total roughly $12,900, and she is on a fixed income as well.
Between November and now, it has been crazy trying to make ends meet. I wish I could go back to the day and follow my first instinct to just go to the restaurant.
Thank you in advance for your consideration.