Month help: I am a single mom, full-time teacher and I am broke. - Help.com

I am a single mom, full-time teacher and I am broke.

It doesn’t seem like a lot but $800 would pay the bills I can’t pay this month and set me free. We do not have cable, home land line or any extravagant things. My car is paid off, a bit old but it runs. I had to borrow from overpriced loan companies and I’m not seeing an end to paying them off. I had never gotten that desperate but we had two lost teeth due to football injury and a plumbing bill that hit the roof last month as well as I had to replace a tire that went flat. I just don’t see an end to this debt. Can anyone help me?

This open post was written 1 year ago | V/U/S: 253, 3, 3 | Edit Post | Leave a reply | Report Post


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Since writing this post grandcol may have helped people, but has not within the last 4 days. grandcol is a verified member, has been around for 1 year and has 1 posts and 1 replies to their name.

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Tooth, Football, automobile, roof, Month, Teacher, set, debt, Bit, cable, mother, Broke (How Tags Affect Reciprocity)

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theresape offline Verified User (1 year, 11 months) Long Term User Shouts: 4 #
Waltham, MA, US | 1 year ago (32 minutes after post)

Most teachers are eligible for memberships in credit unions where you can get loans for less than the prevailing rates. Credit-union loans are easier to get than other loans because the credit unions have the assurance of knowing they can deduct your monthly payment from your salary. It’s also a good, low-effort way to rebuild your credit rating.

My suggestion is that you go to your credit union and ask them for a loan to cover the $800 you need now AND to repay your “overpriced” loan. They will take out a set amount out of each pay check. The payment won’t go up, and there will not be late fees and other “surprise” costs to keep you eternally in debt, the way there are with credit cards.

To give you some idea of the cost, I am currently repaying a $10,000, four-year credit union loan. The payment is $247 per month. And, as I said, unlike a credit-card balance, the payment stays steady and the principal actually gets paid off as I go. No dirty tricks!

Good luck.

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Help me with: ARGH, NOT AGAIN!
Larry G offline Verified User (1 year, 9 months) Long Term User Shouts: 5 #
Washburn, ND, US | 1 year ago (1 day, 12 hours after post)

Have you tried a payday loan? you might be able to get enough to cover some of the debts. I have used them in the past but got away as soon as I could. It is easy to fall into a rut using them every payday.

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Help me with: When people ask for help, I wonder if they ever thought of trying meditation.
grandcol offline Verified User (1 year) Long Term User Shouts: 0 #
An Unknown Location | 1 year ago (1 day, 17 hours after post)

That is what I’m trying to get away from. Payday loans are a trap and that is what I am trying to get rid of.

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