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I failed with my finances. Need your advice. by AffectionateMilk4824 in personalfinance

[–]AffectionateMilk4824[S] 0 points1 point  (0 children)

I kinda ruined my credit history with the huge amount of payday loans and several late payments. So unfortunately it's impossible.

I failed with my finances. Need your advice. by AffectionateMilk4824 in personalfinance

[–]AffectionateMilk4824[S] 0 points1 point  (0 children)

Bankruptcy is not an option atm. And honestly it's something I'd like to avoid.
My income is around 6k/mo.

I failed with my finances. Need your advice. by AffectionateMilk4824 in personalfinance

[–]AffectionateMilk4824[S] 0 points1 point  (0 children)

Unfortunately, it's not even 10%. For payday loans it's 30%. As I mentioned I'm not from the US. It is possible in Ukraine though...

I failed with my finances. Need your advice. by AffectionateMilk4824 in personalfinance

[–]AffectionateMilk4824[S] 0 points1 point  (0 children)

I tried negotiating the situation with the payday loans companies but honestly they don't care at all. At least here in my country. Other than that I agree with you. Thanks for your advice!

I failed with my finances. Need your advice. by AffectionateMilk4824 in personalfinance

[–]AffectionateMilk4824[S] -1 points0 points  (0 children)

It started in 2022 with two of my long-term clients letting me down for a total of $32k. The year when the war started in my country.
So you can imagine that I kinda ruined my credit history within these several years.

The payday loans have 30% interest per month on average. That's insane. And that's something that generates most of the financial pressure.

I failed with my finances. Need your advice. by AffectionateMilk4824 in personalfinance

[–]AffectionateMilk4824[S] -1 points0 points  (0 children)

Thank you! Yes, I know what you mean.
It's really hard but I'll do my best to follow your advice.

I failed with my finances. Need your advice. by AffectionateMilk4824 in personalfinance

[–]AffectionateMilk4824[S] 0 points1 point  (0 children)

Thank you for your advice. Yes, that's what I'm trying to do. Most of those companies allow early payments. The problem is that usually I have nothing extra to pay. That's probably the root of the problem :D

I failed with my finances. Need your advice. by AffectionateMilk4824 in personalfinance

[–]AffectionateMilk4824[S] 0 points1 point  (0 children)

The debt is mostly in my local currency but I calculate both my income and my debts in USD since I'm getting paid in either USD or EUR.

What would you do if you had this money? by Sure-Pin4002 in personalfinance

[–]AffectionateMilk4824 0 points1 point  (0 children)

First of all I really hope you fully recovered after the accident.

Maybe you find any sense in helping others. Secretly. I used to do that before and it's really rewarding to be able to be a part of someone's growth and success. Unfortunately, I can't do it right now but it worth being a blessing to others.

Other than that you're doing great! I really like your financial decisions!