Runaway debt wearing you down? Don’t know what to do? Having a hard time finding a sympathetic listener?
Pour it all out and pop me an email at lightdream (at) gmail (dot) com with your story or comment on this post. Let’s see if we can get bankers and experts to answer your burning questions.
There, there. Now that’s off your chest, keep watching this space for advice from the experts on how to handle debt. Hope to hear from you soon!
April 22nd, 2009 at 1:56 pm
@ marj…..
if you don’t have any other resources to rely on…. and credit is really tight….. just declare that you are bankrupt…. anyway, almost all the banks in u.s.a. are at the edge now, if the bank stress test leaks are to be believed
April 21st, 2009 at 3:22 pm
I really need financial help. I was once a business woman earning exactly what I need. Last year, my business capital was gone because I used money to finance my day to day needs, as you know economic situation here in the Philippines is quite bad……. I borrowed money from different lenders to run my business again, but then the daily earning is not enough to pay for the amortizations. Until the loan amounts went high and tripled up to this time.
I tried to search for a regular job, however, my income isn’t still enough. I don’t want to borrow money again to pay for them because it doesn’t solve my problem. What I really need right now is an amount of more or less $11,000 US dollars or equivalent to Php500,000 Philippine Pesos so that I can be able to pay all my lenders, and from that I will be releived, because everyday that are calling my phone saying bad words to me. I have issued Post dated checks to them but then last month, my account was closed. I’m afraid they would use the checks to sue me to court. I even thought of committing suicide because I don’t know where to get money. I have no more stable income. If this amount will be provided, then I can start a new life, a simple one, to live peacefuly.
July 8th, 2008 at 5:27 am
some people give loan to others as a helping hand. they feel good about it and don’t demand anything in return. others give loan as they value relationship or their image more than money.others especially with extra money give loan as a business with calculated risk. for every loan we give we receive something in return immediate or in the future.but some people give loans expecting all kinds of returns.these are ones targetted by those who have mastered the art of borrowing without paying.it lessens the guilt feelings.unless you are in the lending business, just lend money you can afford to lose.
July 5th, 2008 at 9:28 am
Zadkiel, great point. This thing is more common than I thought it would be.
On the other hand, I have also seen cases where the borrower has really made good on her commitments and paid her “utang na loob” many years after the generous act. it’s amazing and inspiring to see that in Filipinos.
at the end of the day, you’re right. you have to make your own guarantee.
July 5th, 2008 at 9:25 am
G: unfortuantely, yes, you have a strike against you in your credit record. You gotta pound the table and get that check issued and when you do, you ask the card company to give you a certification that you have paid your obligations. that way, getting back on track is easier.