Debt
30 | M | College Professor
I’m currently going through one of the most difficult seasons of my life. I have around ₱800k in debt because of the things that have happened in my life. I’m the youngest in my family, and it so happens that I’m the only one working, together with my two nephews.
₱500k loan from my workplace
₱150k loan from a friend
₱150k credit card debt
My family has been facing financial difficulties since my two brothers were diagnosed with serious illnesses and admitted to the hospital last January. Our hospital bill reached around ₱1.5M, but thankfully, around ₱300k was covered through SSS, Pag-IBIG, and other donations.
During that time, since I was the one who had the capacity to help, I borrowed money from my friends and my company to help pay for their hospital bills. My salary is around ₱40k per month, paid every 15th and 30th. I also do overtime and part-time work, but those payments are often delayed.
Now, my sister has also been hospitalized, and I honestly don’t know where I can borrow money anymore. I really want to help her, but I don’t know what to do.
My brothers are still recovering from their operations, and I’m also trying to manage my existing debts and family responsibilities.
I’m hoping that someone can give me some advice or guidance on what I can do. Please be kind in the comments, as I’m currently having a really difficult time making decisions and dealing with everything emotionally. Any advice would be greatly appreciated.