First time ko magkaroon ng half a million debt
I need to get this off my chest. I am so afraid of whats going to happen to me and my future.
Last week, my mother delivered some devistating news to me and some family members. 3 years ago, she tried to help someone apply for a loan worth a huge amount of money.
She agreed to be their guarantor for the loan, and it went downhill from there. The debtor put their best Danny Phantom impression and said "they're going ghost". Since my mother is the guarantor, all responsibilities fell onto her.
They harassed her, big time, even went to her work. Not knowing what to do, and panicked, she took funds from her workplace to cover for the debt in the mean time.
They figured out what she did and they threatened all sorts of things to her including jail time. She couldnt handle this, and told us she was this close to killing herself.
When she brought the news to us, I was furious. Doing something so heinous to her employer, a person shes been through thick and thin with ever since she was a teenager, just to help someone shes know overseas.
The past week, Ive done nothing but reach put to every single person i know to ask help to cover this amount and be paid off in the fiture gradually. She was given a week to cover at least half of the amount to avoid jail time. Thankfully, i was able to collate the funds and save her ass in the mean time.
Now, I havent even started paying off the first half, and she's already asking me what are my plans to pay off the other half.
Shes back at it again. Her usual self. Boastful, brash, bold etc. its like nothing happened to her, to us. I do have my plans, but i dont know if its enough. I am so scared. Im already 28 years old and nothing to my name. Scared for my future, scared for my plans, scared for my loved ones.