u/Ok_Grab_3633

The more they keep taking my post down ima keep putting them on as I have nothing better to do , well I got a 16k loan I’m going to be defaulting on very soon , I have been paying 628 to be exact for 3 and a half years already and i still have 4 years left . I’m just going to work something more manageable with them because at this point they already got their money with all the damn interest I have payed so they can eat one, it’s not like I got free money . If u get mad I’m not gunna pay my debt then stay mad haha . I’m going to ask for another 2 month extension due to hardship and then after that I’m done paying it, I already took all my money out of my bank account and closed it .

So I got a loan about 3 years ago for 16k and life was great and I have been paying 600$ a month for 3 years but recently reality has hit me with needing to buy a new car under my sisters name, hospital bills, and unexpected bills , I have already payed 21,600$ worth of the loan and I still have 4 years left , the interest has totally killed me but I can’t pay anymore , I’m literally living paycheck to paycheck with all savings exhausted and the kids are needing things since they are going to school now and after school activities. I’m a single father of two . Should I just stop paying the loan off and see what happens ? I don’t need credit since I still rent my house and no cars are under my name . What’s the best route to go for this ? Please don’t be mean as I no we should pay our debts but it’s getting to me that sometimes I can’t even buy my daughters any new shoes or clothes or get them much of anything .