Repossessed
life here in the philippines is as hard as ever. more and more college graduates fail to secure jobs. if they do, they end up with a low paying job, with salary not even enough to support oneself, let alone an entire family.
one of my classmates in college has asked me if there's an opening in our company. she needs a job badly as her father was laid off from work. her mom is just a plain housewife. she's got just one sibling, 2 years younger than her. the problem is, their house is still on mortgage. they don't want to lose their home as they've only got 5 years left before they can claim it as their own.
her dad has tried applying for various personal loans but because he's out of job, and the prospect of finding another one (at the moment) is bleak, so he's been denied. her mom suggested asking for loans from relatives but even that won't be enough to cover their expenses for the next 6 months.
someone suggested secured loans but that means they have to put up their house as equity. they think it's the only option they have.
unfortunately, there's no opening in our company at the moment. i sure do hope she finds one soon. it's bad enough that her dad lost his job. it would be worse if they lose their home.
one of my classmates in college has asked me if there's an opening in our company. she needs a job badly as her father was laid off from work. her mom is just a plain housewife. she's got just one sibling, 2 years younger than her. the problem is, their house is still on mortgage. they don't want to lose their home as they've only got 5 years left before they can claim it as their own.
her dad has tried applying for various personal loans but because he's out of job, and the prospect of finding another one (at the moment) is bleak, so he's been denied. her mom suggested asking for loans from relatives but even that won't be enough to cover their expenses for the next 6 months.
someone suggested secured loans but that means they have to put up their house as equity. they think it's the only option they have.
unfortunately, there's no opening in our company at the moment. i sure do hope she finds one soon. it's bad enough that her dad lost his job. it would be worse if they lose their home.
Labels: money money money
This entry was posted
on Thursday, 18 October 2007 at 01:00.
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