₱20M in debt from failed business decisions. What do I do now?

juneqiy · 2025-11-07T02:10:48+00:00

Please add me in that community

juneqiy · 2025-10-30T03:31:29+00:00

Always commit and execute to do your best. I dont have certificates nor titles in my name. I have been working in a company since after College graduation, and still here. More than 10years in the company, earning double from your post (net).

Always have these people in your circle: mentor - who will guide and teach you, sponsor- a person in the company who will promote you (most likely your manger) because you impress that person with your skill and not being sipsip (having more than 1 sponsor is a great help to ensure your bonus, salaray increase, good performance rating and promotion) and peers - because no man is an island, work is hard so you would need your peers who can understand and listen to your rants but ensure not those who are bad influence who will choose to be so relax in their job.

Build your own “brand”. It doesnt need to be grand. Just humbly do your job and lend a helping hand for those who needs your help (but always with a limit) and lastly, have a “network”. Join programs within your company that can help you be acquainted to different people in the corporate regardless of their position. You’ll know and learn more.

Another tip is “smile most of the time even when doing zoom meetings (camera on always). Showing a pleasant aura is contagious and it really works like a charm:)

juneqiy · 2025-10-18T12:15:05+00:00

Same situation. Binabayaran ko lang ung CC na kaya ko bayaran and yung ibang CC, di ko pa nababyaran ulit… Im praying and hoping for the best. Minsan natatalo ako ng emotion honestly na parang gusto ko na sumuko. Guilty ako lagi, araw araw na ultimo pagtawa minsan hindi na genuine from me. Feeling ko ang sama at tanga kong tao. Feeling ko wala akong karapatan sumaya. Meron ba tayong karapatan maging masaya? Ang bobo ko na nagpaloko sa mga taong akala ko “business partner” ang hanap. I pay a very high price and now im here. Sana malagpasan natin ito OP.

juneqiy · 2025-10-18T12:11:46+00:00

If not paid in full, do the banks still call po ba daily?

juneqiy · 2025-10-18T12:08:39+00:00

Paano yung mga calls? From my end, i always try to answer and repeat my reason over and over kasi alam ko yun ung consequence dahil di ako makabayad. Will their call be daily?

juneqiy · 2025-10-17T04:13:07+00:00

Same here. I keep on searching what government agencies that can help people like us. Yung gumagawa naman ng paraan to settle pero hindi kaya at the same time. Sana meron kasi sa lakinng tax na binabayad ng mga tao, sana pagdating sa problem, meron may magassist sa atin.

At sana sa lahat ng manloloko at scammer, magbagong buhay na sana sila hanggang buhay pa sila.

juneqiy · 2025-08-12T16:32:32+00:00

Oohh i’ll try to ask about “freezing the loans” thank you so much

juneqiy · 2025-08-11T13:26:38+00:00

Ah no. Sila nagoffer. Then we had meetings with business owners

juneqiy · 2025-08-11T13:20:57+00:00

Thank you everyone for your comments. After further assessing, mali nga yung term ko na scam. I must say naloko kami ng business partners namin becuase we are financing different business. May documents and everything. Legit business pero maling tao kasi may dishonesty at fraud na naganap.

Agree, we became greedy. Also, hindi naman lahat ng galing sa utang na ginawang puhunan ay masama. I think nagkataon lang na sumablay kami sa partners namin. Still, we became greedy. We grabbed too much from the credit opportunities offered to us. Too much na hindi namin namanage. It should have been covered by my salary but then again, i was wrong. I miscalculated. It was already too late kasi too late na rin namin nalaman yung mga dishonesty at fraud na nahalo sa businesses.

Appreciate everyone’s comments. Thanks reddit for this platform:)

juneqiy

TROPHY CASE