I have about $36000 of unsecured debt. I am able to make minimum monthly payments on my debts, but that is with my parents paying on one of my accounts for me. Also, I am continuing to use my credit cards for gas, groceries, prescriptions because the monthly payments take most of my income in addition to rent, insurance, utilities, etc. Lastly, I’ve borrowed a lot of money from my parents for a move this fall and am yet to pay any of that back. My parents are retired and on a fixed income. Though they are extremely generous and do not pressure me, I really want to pay them back soon. I am sick of the treadmill and want desperately to lift the burden from my parents and myself by consolidating my debt with a loan. I’m reliable, I can make a monthly loan payment without burden, and I have a credit score of 712.
I’m not aware of any other loan sources that are similar to lendingClub.com or Prosper.com that I would recommend.
Let me ask you a really tough question. And one I’d like for you to ponder on for 24 hours before answering me.
Do you feel it’s your responsibility to resolve this situation, no matter what, so your parents don’t have to help you make ends meet?
I’ll reserve any further comments till I hear back from you.
Please post your responses and follow-up messages to me on this in the comments section below.