How you got to where you’re at financially is beside the point of this blog post. The cold hard facts are that you have very little money to pay your debts, your delinquent accounts are defaulting and being charged-off, your credit scores are making everything cost more, and debt collectors are talking about suing.

In an attempt to avoid the collection calls and take a breather from the overwhelming weight of debt you’re carrying, you have effectively shut yourself off from world. Maybe a few others close to you are aware of your struggles, but everyone else hasn’t got a clue. You are not alone. Many others react the same way, hiding their debt burdens so as not to be judged. It is an embarrassing and humiliating situation that millions of people are dealing with today. It has become the norm, which makes “now” the time to open up about your finances.

Start telling everyone. Remember, 1 out of 3 people you tell is dealing with the same things. And, those that aren’t struggling with debt might be willing to help with yours. As long as you remain silent you’ll never find the support and help in this time of need.

A great way to start raising funds, to get rid of some if not all of your debt, is through a crowdfunding campaign. After you create the campaign you will need to bring exposure to it. Begin with giving people the details in person. Then you can start sending out emails and telling your story on social media. Below is a sample of what should be included:

Dear Sarah (friend from high school),

Hope all is going well! I think the last time we hung out was at prom; what a fun night that was:)
Not sure if you saw my social media posts about my recent accident. The insanely high medical bills, along with being unable to work full time, led to me defaulting on all my debts. Since it is very unlikely that I will be able to pay the debts off in full or even over time, I’ve decided to take advantage of a new opportunity that will allow me to buy my debts for pennies on the dollar.

I’m currently raising money and could really use your help. I’ve only raised $148, but I’m struggling to reach $600 by the 23rd of this month. Even the smallest amount would get me closer to my goal, which will secure the purchase of several charged-off accounts and stop the never-ending collection calls and potentially being sued. I barely make enough at my job to then have my wages garnished. Oh those fun teen years when we didn’t have to worry about life’s burden of debt.

Please check out my crowdfunding campaign page here [ https://www.youcaring.com https://www.gofundme.com https://www.generosity.com]. Sharing my campaign on Facebook and Twitter will also help, even if you can’t donate.
Thank you Sarah, in advance, for any support. Please email back if you have questions about my campaign or if you just want to catch up on the last 10 years.

With all my gratitude,

Kay C

Consider this, almost half of everyone you share your crowdfunding campaign with will donate to your cause. Tell 50 people and 25 will donate. The dollars will add up fast. Once you have reached your goal, then you can take care of those charged-off accounts once and for all.