I'm a now-single mother of 3, the oldest of which has moved out of the home. I've been struggling to pay the bills since I kicked out my abusive husband almost 4 years ago. Since then I've been barely making it, and barely making it is allright compared to not making it, however these past few months things have been getting tighter and tighter and 'not making it' is looming closer and closer. This month is the first time I've been late paying my rent, and I had to borrow money from my daughter's very modest savings account ($300, now $200) to pay the bills.
I work full-time, but I'm not making enough to cover everything. The credit cards and finance charges have become out of control and I've been having to use them to pay for gas, and food, and bills. I understand a lot of people will say 'cut up the credit cards', but it's hard to do that if the choice is 'keep the credit card and keep a roof over your childrens head another month' or 'cut up the credit card and be out on the street now'. We do get food stamps but it's not enough to cover the food expenses. I flat out will not be able to pay the electric bills this winter, unless I put them on a credit card, and I do utilize the energy assistance programs available in my area. The only help available is a one-time per year assistance payment, which covers maybe a month-month and a half. It won't go nearly far enough in the house I'm living in.
I'm currently trying to find a house closer to where I work, as currently it takes me about an hour to drive to work and the gas prices have bled me dry. I'm trying to find an inexpensive home to buy rather than rent. My credit score is very good, I do my absolute best to pay everything on time, but my debt to income ratio is off the hook. I have no money for a down payment.
What I need, what I'm here for, is to ask for a large loan, or if someone is feeling especially generous a large gift. I would need about $20,000 to pay everything off and reach the minimum 3.5% deposit needed to secure an inexpensive home where the projected mortgage payments would be less than what I'm paying in rent. I'm looking for someone to extend me a loan with a very low interest rate - 8% or under. I'm more than willing to provide a credit report if needed, my record is very good. I would make my payments. I wish I had family I could appeal to for help rather than strangers, but I don't. As for friends I have acquantainces at work, but no one close enough to ask for help. I go to work and I go home to my kids, I don't get out and socialize with my work friends. I don't go to bars, I don't do drugs, I just want to provide for my family.
If there's anyone out there interested in helping, feel free to send me a message asking for whatever information you need.
Thank you,
Jennifer