I can't afford to pay for the repairs

Jim's Handyman Service · 2009-01-03T06:52:39+00:00

I'm a professional handyman. I have my own business, called Jim'sHandyman Service. I have been in business for many years. But latelythe work is slim due to the economy. This has allowed me to do themany repairs needed on my own home. Everytime I complete a job, Iwrite out a bill to myself, the same way I charge my customers. Theproblem is that I can no longer afford to pay myself. I'm in debt foralmost $50,000 to myself. I asked the bank for a loan, and promisedto repay the debt in short order, but they said that they thought thedebt was senseless and said that my income has not been good enoughlately to repay such a large loan. I then asked them for a secondmortgage on my home, (appraised and valued at $179,000), but this timethey told me to just go home and fix my toilet or something. What doI do? The interest on this debt alone is going to wipe me out, sinceI charge 24% interest on unpaid bills after 30 days, and most of thisdebt is beyond 90 days, which means that I can begin legal forclosureaction against the property. It won't be long before I lose my home.Even if I use up all of my retirement savings, I will only be able topay about 35% of this debt, and if I take all my credit cards to theirlimit, I will still only cover a total of about 50%. Does anyone knowa legitimate solution to this? Please help me before it's too late !Thank You kindly,Jim's Handyman Service - Orlando FL.

Jan 03, 2009 Last reply: 2 years ago 23 Replies

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Sure,Not 17 years ago

Troll.

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Davej 17 years ago

Why would you continue to do additional work for a deadbeat customer?

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Red Green 17 years ago

George snipped-for-privacy@nospam.invalid wrote in news:gjnt8h$gm8$ snipped-for-privacy@news.motzarella.org:

Pull money out of out pockets?

The way I see it, they just go pull money out of their asses and by some strange parallel phenomena we feel things being shoved up our asses at the same time.

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Sure,Not 17 years ago

Become a Muslim. Then you have no interest :-)

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