I am requesting for a $40,000.00 donation to clear off my mortgage loan for my only house and the bank is already threatening to repossess it. I am having sleepless nights because of this debt. In 2019 I lost my job but went into catering business which was doing well at the time
Unfortunately things went bad since the Covid-19 pandemic and as a result, I have not been able to service my mortgage loan accordingly and this lead to an accumulation of arrears to the total of $7000.00 plus the monthly installment of $600. In November 2021, I received a letter from the Bank demanding a payment of $7600 within 14days. I didn’t have this amount of money but managed to raise $1000 and requested to be given a grace period pending an outcome of an Act amendment which was still being debated in Parliament, An Act to assist unemployed struggling people. Indeed the amendment of the Act/Law was endorsed last year October 2022 but unfortunately it was said that the Act did not cover me since I became unemployed in 2019 and that it will only apply to those who would become unemployed from October 2022 going forward.
Still last year November 2022, I received a summons from the Bank Sheriff now demanding payment of all arears plus the whole Balance to the total amount of P533,000.00 equivalent to almost $50,000.00 within 21days, failing which they were repossessing my only house
I went and negotiated again with borrowed $1200.00 and made an agreement by faith to continue paying $1200.00 every month covering both the arrears and installments.
I have been struggling with the $1200.00 every month from last year, it hasn’t been easy. For the past three months it has been so much difficult that I ended up borrowing from relatives and friends just to make sure I meet the agreement. As I speak my business collapsed and I am seriously in debts not knowing where this month’s(November 2023) payment will come from. I believe and trust God that I will get help from this site.
I defaulted last month October and now they are demanding payment of the total balance of arrears which has now reduced from $7000.00 to $1500.00 plus this month’s installment of $600. Giving us a total of $2100.00 which has to be paid before end if this month November 2023.