Future Is Bleak...

I got the chance to read a lot of people going through their own situation and what challenges they had to endure through the experience and pain, and I felt a little bit of relief that there are some people that face situation like me... I'm in my mid 20's going through this experience, and its far tougher for sure.  Few years back, I had excellent credit, had savings, and was paying my bills in full all the time and never was late.  Bumped into my friend in high school who was in business with other people, and he was recruiting for people to join him.  One of those multi-marketing business to recruit and make money.  During my time with him in this business of 3+ years, building trust and integrity, he mentioned to me that he wants himself and others to be more successful, and was sick of having no money.  He mentioned to me that someone could help get loans for individuals from banks and they have people they know inside there to help get you money, based on your credit score.  They obviously didn't do it for free, with the cut being 50/50.  Why I went through this, after much convincing on his part to assure the safety of this procedure, he let me know that he will take responsibility to ensure that I will not be left out in this mess if it wasn't favourable.  There was no gain for myself, just trust, and other people not giving me the option to opt out when I didn't want to go through this no more, they gave me the ultimatum of taking all the money from the account because they had my vital information already.  After this experience, the same ''friend'' mentioned he can help me get a vehicle, and through that experience, my vehicle was stolen, and was never found.  Through that insurance took a while to respond and didn't pay out until 1+ year later... From that date, interest has accrued, and I was not able to continue with payment, along with my credit card and line of credits.  I offered a settlement eventually when I received the cheque, but the auto loan didn't take it, so I cashed out the cheque through a bank that allowed it, and kept it for settlement for other offers... Eventually, all collection calls kept calling, and I kept avoiding for over 2+ years now.  The final situation my friend put me in was getting my name on a house, where I would stay, and could rent out, and make some money (like being a homeowner), however that didn't work out, because I didn't want to be part of it, but eventually tried, because of my situation already.  Based on that, couldn't keep up the payments after a few months, and the house went on power sale I assume.  So in total my debts are tallying an amount of $60K+ without the house.   I don't have a current job for over 6 months, money is down, don't know how I can explain this to a bankruptcy trustee without having creditors questioning why I decided to do all this...  I have been a victim of a bad situation that gone wrong...  Not sure what to do, any suggestions would be nice...  Lot of venting for sure because its my future on the line... Have tough time getting jobs in financial or others because they require credit check, and my credit is horrible...  Maybe someone is going through this as well, and we can help aid each other... Good day...

NOSTASH NOSTASH
22-25
3 Responses Mar 2, 2010

i'm in canada though... we all went through this issue, but we can always find a solution...

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This world is just plan to greedy, Best of luck we are all living in hell these days<br />
I give my problems to God and have a great day, as he is the only one that can really help us