Dear Accounting Assistant Dooley,
I understand that my past due account is what I owe to UNLV, and I have done my due dilligence to attempt to pay back this amount in full. Although I have essentially went missing for over 2 years, this disappearance was due to extenuating circumstances. As implied in my first e-mail, I faced severe financial hardships which became obstacles to my ability to make any payments to my past due account for over 2 years. In fact, I became homeless for several months and unemployed for most of the past 2 years. Even now, my source of income is non-traditional and unreliable with a large variation in payments, if any payment at all (I am still unemployed with no formal wages). At any given moment, I could become homeless again and become unable to make payments to my past due account. It is difficult to make ends meet in my current situation. Even my $50.00 payment was a substantial burden on my finances. …show more content…
As I mentioned in my first e-mail, I only recently became barely financially stable. Due to the brevity of this stability, I couldn't make any estimations on my future payments. Now that I have a better understanding of my finances, I have to admit that I cannot realistically afford to pay the entirety of my past due account. I fear that if I begin to make further payments but fail to pay the entire past due account, then I would be left homeless and still in debt; I would be worse off than if I had simply saved those payments. This is my largest fear because I would be subject to debt collection while having a substantially increased risk of homelessness. Please understand that any amount I would save would help me remain stable during periods where my income fails to be enough, so this increased risk of homelessness is very
I understand that my past due account is what I owe to UNLV, and I have done my due dilligence to attempt to pay back this amount in full. Although I have essentially went missing for over 2 years, this disappearance was due to extenuating circumstances. As implied in my first e-mail, I faced severe financial hardships which became obstacles to my ability to make any payments to my past due account for over 2 years. In fact, I became homeless for several months and unemployed for most of the past 2 years. Even now, my source of income is non-traditional and unreliable with a large variation in payments, if any payment at all (I am still unemployed with no formal wages). At any given moment, I could become homeless again and become unable to make payments to my past due account. It is difficult to make ends meet in my current situation. Even my $50.00 payment was a substantial burden on my finances. …show more content…
As I mentioned in my first e-mail, I only recently became barely financially stable. Due to the brevity of this stability, I couldn't make any estimations on my future payments. Now that I have a better understanding of my finances, I have to admit that I cannot realistically afford to pay the entirety of my past due account. I fear that if I begin to make further payments but fail to pay the entire past due account, then I would be left homeless and still in debt; I would be worse off than if I had simply saved those payments. This is my largest fear because I would be subject to debt collection while having a substantially increased risk of homelessness. Please understand that any amount I would save would help me remain stable during periods where my income fails to be enough, so this increased risk of homelessness is very