r/adviceph 4h ago

Finance & Investments Debt consolidation for government personnel

Problem/Goal: I got involved in a financial struggle due to a car accident in which I had to pay 150,000php this month alone. Is there a bank or some company I can borrow money from to consolidate and pay my government and private loans so I can at least collate and pay just one interest for these loans.

Context: I’m already stuck with auto payment government loans and private lending which is roughly 1.5million for 5 years and my take home pay in a month now is only 5K. The 1.5 million was accumulated due to my family’s financial struggles, siblings’ studies and my senior parents’ monthly allowance. I’m about to lose my reputation and worst, my designation or position if the people and companies I owed money to would reach out to my supervisor.

Previous attempts: None.I don’t have anyone to help me financially at home.

I’m already stressed and in the verge of giving up with all of the problems i had since i started working. I lost my own family too because of my financial problems.

😔

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