I hope you are doing well, and thank you for reading this post. I am requesting your assistance in paying off a personal loan that I took out for an investment opportunity that turned out to be a scam. The investment was meant to be short-term, and I planned to repay the loan within the first year. Unfortunately, the funds I used for this “investment” disappeared within the first month of my taking out the loan in 2021, and after treading water for over a year, I am now running out of personal funds to pay the remainder. Unfortunately, the scammers involved are not under any government jurisdiction I can approach for assistance. I have approximately $60,000 remaining on the loan, each monthly payment is roughly $1,500, and I have about three months of funds left before I am out of money.
I am a husband and a father of two, and I feel very ashamed of the position I have put myself and my family in. I know it was a terrible mistake, and I am doing everything possible to pay off the loan myself, but I am running out of options. I have worked to generate other sources of income, which has helped me stay afloat over the past year while continuing to make loan payments. Still, I have a full-time job, which leaves me with limited time each day to make enough to keep up with the loan payments on top of our family’s other monthly expenses, which we have made many cuts to already to make ends meet as the cost of living continues to rise. Also, my parents are not in a position to help as they are both retired with little set aside for retirement, both working part-time jobs to make ends meet. The only other funds I have are those in my retirement account.
Any financial assistance you could provide to help me pay off this loan would be appreciated and cannot be understated. I am saddened and ashamed to be in a position to have to ask for help from others, but I am thankful for sites like this that allow me the opportunity to ask others for help when it is desperately needed. Your contributions will help secure my family’s financial future by preventing me from draining my entire retirement account to pay off this loan.
Thank you for your consideration.
PayPal Account: paypal.me/Systematicness