After my son died, I became very depressed and had a hard time functioning. I didn’t keep good track of my bills or expenses. In addition to medical bills and funeral expenses, I spent more money than I should have on convenience food and dining out because I didn’t have the energy to cook for my family. I took on more debt than I should have. Then when unexpected bills came up (dentist, car repair, flat tire, surgery for daughter, etc.), the only way to cover them was to take on more debt. Because my credit was now bad, high-interest loans and payday loans were my only available option.
I signed up with a debt settlement company, but they are unable to settle my high-interest loans because the companies will not work with them. My husband is unable to work so I now have more bills than I can afford to pay each month, and I don’t know what to do. I have $9,100 in high-interest loans that total $1,100 in minimum payments each month. I’m also paying $1,230 each month to debt settlement companies for the ones they are covering, $200 monthly car payment, along with living expenses (rent, utilities, gasoline, food). I struggle to pay these bills each month and can’t handle any extra expenses without taking on more debt.
I feel stupid, horrible, embarrassed, and guilty for getting into this situation. I’m under a lot of stress and feeling hopeless. I’m seeking help for the following two items.
- $200 for new glasses for my daughter. She had eye surgery and needs to be fitted for new glassses after the surgery, but I don’t have money for the appointment or the glasses.
- Paying down a high interest debt with a balance of $3,300. It has a 240% interest rate and $580 minimum monthly payment. $540 of the monthly payment goes to interest.
I promise to pay it forward in the future when I am able. Thank you for considering.