A woman in Singapore shares her struggles with her mother's S$15,000 debt. The mother, 71, is retired and has no savings, making it difficult to manage the debt. The daughter, who supports the family, seeks advice from Reddit members.
A woman in Singapore has shared her concerns about her 71-year-old retired mother who is struggling with S$15,000 in debt. Her mother's monthly CPF withdrawals are barely enough to cover the minimum payments, making it difficult to manage the debt. The woman, who is supporting the family, has considered taking a personal loan with a lower interest rate to pay off the credit card debt but is hesitant due to her existing responsibilities.
She sought advice from fellow Reddit members who suggested options like cutting up all her mother's credit cards and considering bankruptcy
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