We have a lot of debts with different loan platforms that would be around 300,000

In Philippines
Last Updated: Apr 21, 2025
We would like to seek assistance though we both have work as of now by paying the interest monthly greatly impacted our living expenses such as foods rent and utilities we would like to know a way to have a sustainable living for our 2 kids but still responsibly paying our debts

Lawyer Answers

Islaw - Expert Lawyers

Islaw - Expert Lawyers

Apr 25, 2025

Subject: Re: Request for Assistance with Debt and Living Expenses

Dear,

Thank you for reaching out and sharing your situation with us. We understand how challenging it can be to balance financial responsibilities while ensuring a stable and healthy environment for your children.

We commend your commitment to repaying your debt responsibly, even during difficult times. Our goal is to work with you toward a solution that supports both your financial recovery and your family’s well-being.

We would be happy to explore the following options with you:

Reviewing your monthly payments to assess if a modified payment plan is possible based on your current income and essential expenses.

Offering financial counseling or connecting you with community resources for support with housing, utilities, or groceries.

Creating a customized budget strategy that prioritizes both your debt obligations and your family’s daily needs.

Please let us know a convenient time for a phone call, and we will gladly schedule an appointment to discuss your options in detail. You're not alone in this—we’re here to help you find a path forward that brings you peace of mind and stability.

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