I am a 22 year old who has found himself in almost irreversible debt due to previous and current circumstances.
Given the recent outbreak of COVID-19, as a self-employed crewman in the events industry I have extremely struggled to find work in the past 2 months (3 days out of 45). I have been doing everything I can to try and make money for myself but I have had no luck whatsoever.
My financial situation took a halt 2 years ago when I took out a loan in my name of £5000 for my father, repayable over 5 years. He was suddenly made redundant and faced financial difficulties. The monthly repayments he often covers but recently hasn’t been able to. On top of this I have outstanding rent bills (in London), an outstanding phone and internet bill and I’m currently on emergency credit for my gas and electricity. I am at my £1200 limit on my credit card and to help afford my bills last month I received another loan of £1000 from a separate lender.
The more in debt I’ve become the more I find myself spiraling into a depression.
I only took that as a last resort because I didn’t believe my situation would end up like this and I would have absolutely no income whatsoever.
Attached is a screenshot of my outstanding credit balance with my bank. I didn’t want to attach too much private information but I can show pictures of my other outstanding bills if I have to.
Anything would help, I am just trying to get on top of my credit and pay off the on-going loans. I’ve never stooped so low before but I’m begging for a miracle.
Thank you so much for your time and God bless you.