Greetings to the reader of this this letter! I hope you and your loved ones are staying safe and Covid free. I’m currently recovering from that virus.
I almost didn’t send this, because from the beginning of this year, I came to the realization that I can no longer carry this financial burden alone. Hence, I reached out for help, but have so far been unsuccessful in getting any. However, I decided to push all the negativity aside and try. I’ve heard all my life that “nothing beats a failure but a try.” So here’s my try:
I am an early childhood educator/ early interventionist. I work in an inclusive preschool with neurotypical and neurodivergent children. In an effort to educate myself— both at the undergraduate and graduate level—like lots of people, I decided to take the student loan route. My most recent loan was 2016 when I decided to get my master’s degree to acquire the necessary skills to adequately serve all the children in my care. At that time I was still repaying my undergraduate loan, so I wasn’t all that thrilled about taking on more debt, but felt it was extremely important that I received training in the special education field.
To date, my student loan balance stands at $29, 616. 17. In addition to my student loan debt, some credit card debt was incurred during my studies, as well as for day to day personal and professional expenses over the last 15 years. These credit cards debt currently stands at $36, 078.40. Total debt: $65, 694.57.
I have been faithfully repaying this debt for years, and have never been delinquent. I am reaching out for help because as the years roll by, it just seems as if there will be no end to my debt. I am in my 40s, and unable to afford a place of my own or even own a vehicle because of all my debt. I still live in my parents house and take public transportation, and it is not for the lack of trying. This is definitely not how I envisioned my life at this age. I admit I have made some bad financial decisions along the way—especially credit card debt—and one of the reasons I hesitate to ask for help is because this shouldn’t be anyone else’s burden. I got myself into this mess, and I have been trying to get myself out. But it seems as though I keep digging a hole to fill a hole, and I’m tired of digging. So I’m here doing something I wasn’t raised to do—beg!
I am in desperate need of help to pay my debts, even if it’s just the credit card debt. Because it terrifies and depresses me to look at my statement and read that if I keep making only the minimum payments( and sadly that’s all I can afford to pay monthly), that I would pay off a bill in 18 years, or 20 years! I have attached a photo of one of my credit card statements. I am highly embarrassed to say that I have multiple cards, a decision I have lived to regret. Some were balance transfers that went wrong. Feel free to contact me for more information as they are only allowing one photo here.
I really can’t keep going like this from year to year. I am tired of living paycheck to paycheck, and using my paycheck for mostly paying bills. I am between a rock and a hard place.
In December I was forced to sell some personal possessions, add the proceeds to my end of year bonus to make my credit card payments. Last month, I borrowed it from my brother because I had Covid and couldn’t go out to get it any other way. This month, I don’t know what I am going to do. If I have no choice I will be borrowing again to make my payments. It’s just a vicious cycle of debt, and It’s killing me. I keep digging one hole to fill another. I need this to end.
So if you are willing and able to assist me, I will be forever grateful. As I think about it, I can’t even describe how grateful I will be. I think the most fitting analogy would be the relief felt after being rescued and being able to take a breath after struggling under water in a near drowning experience.
I found this site by doing a Google search “desperately in need of financial assistance.” I pray that someone out there is willing and able to assist me. Thank you for your time and consideration.