Dear TR,
Today I feel like ending it.
I was jobless since I was let go by my previous company last November. I was surviving on the last of my savings and when that ran out, I had to apply for a temporary loan on my credit card.
I have a lot of financial burdens as my mother was diagnosed with cancer and it was a painful 2 year period of expensive treatments and surgeries till she passed away in 2008. But my problems did not end there as my father too was retrenched and my younger brother was still studying in university. The bills and debts kept mounting up.
But finally I had some ray of light in mid August when I was finally hired. I got a half month’s salary just last week and a lot of it was already earmarked to pay off some outstanding bills and loans.
I made a call to UOB, my current biggest creditor. As my credit cards were discontinued when I had no choice but to default on my payments, I asked to speak to someone in the credit card division with regards to arranging for a payment plan on Monday.
The credit officer who spoke to me said that she would look into arranging for a repayment scheme, but asked if I could make a lump sum payment first. I said that amount was not possible and asked for another arrangement. She said that she would get back to me.
Today when I went to the ATM to draw on my funds to begin paying off the bills, to my shock my entire bank account was emptied, leaving less than $50.00 behind. I rushed home to discover what happened, only to find that UOB had deducted everything on its own accord.
Right now it is only month beginning and I am already broke, with no funds and no resources to even travel to work. How am I supposed to survive and work to pay off my debts if the bank can do this to me?
I have no where to turn.
Nic LY
Today I feel like ending it.
I was jobless since I was let go by my previous company last November. I was surviving on the last of my savings and when that ran out, I had to apply for a temporary loan on my credit card.
I have a lot of financial burdens as my mother was diagnosed with cancer and it was a painful 2 year period of expensive treatments and surgeries till she passed away in 2008. But my problems did not end there as my father too was retrenched and my younger brother was still studying in university. The bills and debts kept mounting up.
But finally I had some ray of light in mid August when I was finally hired. I got a half month’s salary just last week and a lot of it was already earmarked to pay off some outstanding bills and loans.
I made a call to UOB, my current biggest creditor. As my credit cards were discontinued when I had no choice but to default on my payments, I asked to speak to someone in the credit card division with regards to arranging for a payment plan on Monday.
The credit officer who spoke to me said that she would look into arranging for a repayment scheme, but asked if I could make a lump sum payment first. I said that amount was not possible and asked for another arrangement. She said that she would get back to me.
Today when I went to the ATM to draw on my funds to begin paying off the bills, to my shock my entire bank account was emptied, leaving less than $50.00 behind. I rushed home to discover what happened, only to find that UOB had deducted everything on its own accord.
Right now it is only month beginning and I am already broke, with no funds and no resources to even travel to work. How am I supposed to survive and work to pay off my debts if the bank can do this to me?
I have no where to turn.
Nic LY
