- Posted April 19, 2012 by
Maple Grove, Minnesota
This iReport is part of an assignment:
In need of a Money Coach?
Never Ending Debt
Today I am 46 years old and my daughter is 15 years old and a freshman in high school. My student loan debt, though I have made payments on and off over the years, has escalated to an ENORMOUS 90K+!! To compound the issue I became unemployed last October. I have used all my savings, maxed my credit cards, used what was in my 401K, and now rely on support from my family to maintain my modest town home. I am out of options. Though I hope to land employment and be back on my feet soon, I cannot see the light at the end of this enormous debt tunnel. I am under incredible stress when thinking of the future and my daughter's college expenses or even my own retirement.
I am responsible and I own up to my own situation, however I need serious help to somehow come out from under this crushing debt.
Thank you very much.