My name is Darcy. I am 48 years old, single man. Who has recently just lost his job without cause. I have worked at 2 manufacturing jobs for about 13 years without any issues. I am getting my final pay on June 20. Which is the hours I made (about $500) and termination pay ($3384). Plus I am getting a conditional payment ($2116) which I had to sign a non-disclosure agreement for it.
I am living in a apartment for about 11 years now with a roommate, paying over $700 in rent for me. I am also paying for the cost of cell phone, internet, car insurance, and groceries. The cost of living as gone up considerably for me and after my job loss, I am moving back home to my mother who is happy to have me.
I have a car that I’m still making payments too ($6380 owing), that I desperately need to keep, (I help out my 92 year old mother with groceries and appointments). I have one year left of payments to make on it, and I will put the money I’m getting from my final pay towards it.
And I have a cash loan that is currently $10085.18 at 48% interest that started out as a $1000 when I first applied for the loan. I was using this loan to help me get by. I know this is my fault for allowing this loan to get to this amount. Like I said, I have been having a hard time making payments. By the time I am done paying almost everyone, I would have to borrow enough for gas and groceries.
Right now I am paying about $750 per month for both loans. I am taking care of my car loan so I don’t lose my car. But I will not be able to pay off this other loan. My family cannot afford to help me financially, but they have suggested on ignoring the loan. I do not want to take this route, but if I cannot find a job soon, I will have no choice.
I am asking you for help with this loan. I am asking for for at about $8000 if it is possible. I am going through a lot of stress over this, as anybody else would, but it should not be, for any of us.
I appreciate any kind of help that you could give me, and thank you for your time,