In the past two years, I’ve lost over $60,000 to online sports betting on Bet365, and most of my gambling funds were borrowed from loan institutions, with extremely high interest rates and a repayment term of only one year. In addition, I was scammed out of over $10,000 by cryptocurrency exchange fraudsters and online e-commerce course scams. Together with living expenses and other spending, I now owe more than $80,000 in debt. I haven’t told my wife about any of this because if I do, she might divorce me. I also haven’t told my other family members and relatives, because I don’t want them to suffer emotionally and financially and help me repay my debts.
What adds even more pressure is that my wife and I are planning to have a child within one year, which will also require more money to raise the kid. Right now, I live with constant anxiety every day—the burden of debt and life is simply overwhelming.
I live in China, where the current economic situation is in recession. I work as an accountant at a private company, and my monthly salary is only about 650 USD, which is nowhere near enough to pay off my debts or start a business. Right now, I’m relying on taking out new loans to repay old ones just to meet my monthly payments. If this continues, my debt will only keep increasing.
My biggest crisis right now is that I need to pay off these debts within a year. At the same time, I’m planning to start a small e-commerce business, which also requires some upfront funding. If I don’t repay these debts on time, the loan institutions will sue me and threaten my family on the phone every single day to repay the dets as soon as possible. If I fail to repay even a monthly repayment, I’ll be placed on a credit blacklist in China. Once I’m on that list, I won’t be allowed to start an e-commerce company, and my bank cards which are used for receiving monthly wage and daily living expenses will also be restricted, which will make my life even more difficult.
I’m hoping for some financial help from kind people around the world to get me out of this desperate situation. If my e-commerce business succeeds in the future, I will surely repay your kindness. Thanks a million!
My Paypal account: luckyliuxxx@gmail.com