In a heartfelt post shared on the popular Facebook page, The Viral Stories, an anonymous Malaysian man earning a modest monthly income of RM3,000 has opened up about his overwhelming financial burden, revealing a staggering debt of RM500,000.
The man, who chose to remain anonymous, expressed his dilemma and the challenges he faces as he grapples with the mounting debts that have become an insurmountable obstacle in his life.
Debts amounting to almost RM500k
According to the post, the man owes:
- RM142,000 from a personal loan
- RM9,000 from two different banks
- RM230,000 for a Malaysian Public Sector Housing Finance debt, and;
- An additional RM100,000 to a cooperative.
The total debt accumulated is nearly half a million ringgit, a considerable amount given his modest monthly income.
One potential solution suggested in the post is for the man to declare bankruptcy. This, however, raises a crucial concern for him — the fear of losing his job in government sectors.
The question of whether declaring bankruptcy will result in termination adds another layer of complexity to an already dire situation.
‘How does he survive?’
The disclosure has sparked a mix of reactions from netizens.
Some readers expressed surprise and sympathy for the man’s predicament, acknowledging the difficulties he faces.
One wrote: “Many government servants are stuck in this situation. May they find their own solution.”
One wondered: “How does he survive?”
However, others were less forgiving, expressing frustration with what they perceive as poor financial decision-making.
Another wrote: “This is what happens when you are not being realistic.”
Many netizens emphasised the importance of understanding one’s financial limits and making informed decisions, cautioning against taking on debts that exceed one’s means.
One commented: “Just ‘downgrade’ your lifestyle. Get rid of what’s not necessarily important. It’s ok to live in modest rather than stuck with debts.”
What do you think of this confession? Let us know in the comments.
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