This is really hard for me to do. I’ve always been the type of person to push through hard times on my own and never look to others for help. I’m sad to say that this time is completely different with my circumstances. I’ve exhausted all of my resources, sold everything valuable that I own, and trying to work odd jobs on the side to make ends meet. Unfortunately, I turned to payday/installment loans with extremely high interest rates (400-799%) to cover emergency expenses and household bills. I’m also taking care of most of my youngest son’s tuition and living expenses while he’s attending college. My fear is I may have to leave my current full-time job to care for my mother who is now living with me. I’ve been experiencing setback after setback trying to start my business utilizing my professional licenses. Being an entrepreneur would give me some freedom to care for my mother and not to mention my adult autistic son who also lives with me. Currently, I have maxed out all of my credit cards and I have close to 19 open installment loans that totals an estimated $8000 a month. So I’m in a situation where I have to open new payday loans just to cover the existing bi-weekly payments. I’ve never been in a situation where I actually dreaded my own payday or get extreme anxiety the week my payroll is processed. I do take full responsibility for all of my bad financial decisions. Whenever I experienced an emergency expense or a financial setback I just seemed to panic and went for a quick fix. I’ve always been considered a very responsible person but I’ve allowed my pride to put me in a hole that seems to grow deeper and deeper.
I’m not asking for anyone to fund my bad judgment in financial decisions. I just need to have the ability to achieve my professional and business goals along with having some sort of financial freedom. I would like the opportunity to have financial stability once again so that I may be a blessing to others as well. At one point in my life, I was the person that help those in need and played a role in someone else’s achievements. That is such a wonderful feeling to me! Giving back is extremely important to me and it breaks my heart that it has come to a point in my life where it’s a challenge just to donate can goods.
Currently, I’m at risk of getting behind in my mortgage, credit cards, and loans. My account is constantly getting overdrawn and I have high debt to income ratio so I don’t even qualify for debt consolidation loans. Every other day I do feel like giving up but I have too many people counting on me. My love for my family gives me the drive to keep pushing forward and striving for better.
I’m continuously researching and learning new skills to also better my financial goals. As I’ve stated previously, I’m not looking for money to just drop out of the sky or for anyone to have pity on me. I’m just asking for some assistance in getting my finances back in order so that I may be self sufficient and the ability build a business that benefits my community.
Any help you may have to offer would be greatly appreciated. Despite of my current situation, I do still feel blessed and grateful for my life. I truly people that there are good people in this world and we’re all here to serve a purpose.
Thank you for taking the time to read my story and I hope that you find it in your heart to help!
Examples of Installment/PayDay Loans That I currently have:
Xact $361 bi-weekly, Power Finance Texas (x2) $545 bi-weekly, CashNet USA $435 bi-weekly, The Cash Store $384 bi-weekly, WithU Loans $311 bi-weekly, Wise Loan $299 bi-weekly, Speedy Cash $392 bi-weekly, Advance America $243 bi-weekly, etc.
Regional Finance $135 month, Upstart $311, Tower Loan $280 month, World Finance $187 month, Republic Finance $350 month, Mariner Finance $113 month, and Worth Finance $140 month.
Business Goals: Seeking training to become a Notary Loan Signing Agent and Starting a Wellness and Beauty Practice catering to parents of Special Needs children. I’ve held a professional in the Holistic Healing field for over 15 years. I would like to put my skills to good use.
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