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My Unemployment Ran Out and I’ve Just Had a Hard Time Making Payments on Time. – Christine

“Dear Steve,

I no longer use my credit cards and have been just trying to pay off the balances for several years to which I’ve always paid the minimum and sometimes more on all my credit card bills, but recently the due dates have been changing from month to month, varying from the end of the month to the beginning, making it impossible to keep up every month resulting in late fees and maximum balance fees.

After paying these fees on several of them many times and my unemployment running out I can no longer afford to pay any of them anymore, now I am behind several months on all of them and my phone is ringing constantly, I would like to work something out so that they all get paid and my credit somewhat restored but I don’t know how…

Is there a way to work with all of them with out having to pay all the crazy late and overage fees and have a set date each month my bills are due? I have recently become self employed and have some income, so I am ready and willing to work this out, but the minimum each month for all of them is about what I could afford each month again…

Christine”

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The Answer

Dear Christine,

There are several issues at hand here. Before anything else we need to evaluate if there is even a reasonable expectation you would be able to make your regular payments if you were not behind.

If that’s the case I’d hate to suggest a solution that might limp you along for a bit longer without resolving the issue.

Ultimately the underlying problem here is the income fluctuation. That’s what has resulted in the current money troubles you are facing. The income situation looks like it might have been improved a bit with your recent self-employment and that’s a good thing.

So let’s be totally honest with each other here. And I want you to post your answer to this question in the comments below.

Question: If you were current on your credit cards, would you easily be able to make your monthly minimum payments on the cards and save money each month on your expected monthly income over the next year?

Big Hug!

My Unemployment Ran Out and Ive Just Had a Hard Time Making Payments on Time.   Christine
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My Unemployment Ran Out and I've Just Had a Hard Time Making Payments on Time. - Christine by

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Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Errick

    I smell spam.

  • Steve Rhode

    Keep me posted please.

  • Steve Rhode

    No, It’s the U.S. credit counseling group. Not affiliated with the CA company.

  • guest

    Cambridge…life solutions?  Google them.. maybe not a good idea.

  • Christine

    Hi, I heard from 2 people at Cambridge yesterday actually and emailed them both back and left messages. Hopefully we’ll get to touch base soon. Thanks so much.

  • Christine

    Hi, I heard from 2 people at Cambridge yesterday actually and emailed them both back and left messages. Hopefully we’ll get to touch base soon. Thanks so much. 

    • guest

      Cambridge…life solutions?  Google them.. maybe not a good idea.

      • http://GetOutOfDebt.org Steve Rhode

        No, It’s the U.S. credit counseling group. Not affiliated with the CA company.

    • http://GetOutOfDebt.org Steve Rhode

      Keep me posted please.

  • Suzanne Cramer

    Hi Christine,
    We recently covered a series on struggling with debt during unemployment. I have attached a link http://c1c.bz/qdr to the introductory post that has links to all the posts in the series. I hope you will find some useful information there. Best of luck to you!
    Thanks,
    Suzanne

  • http://www.careonecredit.com Suzanne Cramer

    Hi Christine,
    We recently covered a series on struggling with debt during unemployment. I have attached a link http://c1c.bz/qdr to the introductory post that has links to all the posts in the series. I hope you will find some useful information there. Best of luck to you!
    Thanks,
    Suzanne

    • Errick

      I smell spam.

  • Steve Rhode

    Check your email. You should have just received an email from the counseling manager there.

  • Steve Rhode

    Absolutely not. I’m on it now and contacting the president for swift action.

  • Christine

    Still no word from Cambridge, should it be taking this long?

  • Christine

    Sounds good, I am waiting to hear back from them.

  • Steve Rhode

    Crying is ok. But let’s take this in steps. If the payment plan they come up with is not affordable we’ll just regroup and come up with a Plan B.

  • Christine

    I submitted the form to them and am so excited thinking this might work I could cry, thank you so much.

  • Steve Rhode

    I want you to be able to save during the process of getting out of debt. Just wanted to make sure you were not limping month to month.

    I’d like for you to first check out this credit counseling program and see if that gives you the solution you are looking for. If not we’ll move on to Plan B.

  • Christine

    To be totally honest with you yes, I am able to save a small cushion for emergencies each month, and that has to stay, working with creditors on old credit card debt should not put me in harms way…but what are you suggesting?

  • Christine

    To be totally honest with you yes, I am able to save a small cushion for emergencies each month, and that has to stay, working with creditors on old credit card debt should not put me in harms way…but what are you suggesting? 

    • http://GetOutOfDebt.org Steve Rhode

      I want you to be able to save during the process of getting out of debt. Just wanted to make sure you were not limping month to month.

      I’d like for you to first check out this credit counseling program and see if that gives you the solution you are looking for. If not we’ll move on to Plan B.

      • Christine

        I submitted the form to them and am so excited thinking this might work I could cry, thank you so much.

      • http://GetOutOfDebt.org Steve Rhode

        Crying is ok. But let’s take this in steps. If the payment plan they come up with is not affordable we’ll just regroup and come up with a Plan B.

      • Christine

        Sounds good, I am waiting to hear back from them.

      • Christine

        Still no word from Cambridge, should it be taking this long?

      • http://GetOutOfDebt.org Steve Rhode

        Absolutely not. I’m on it now and contacting the president for swift action.

      • http://GetOutOfDebt.org Steve Rhode

        Check your email. You should have just received an email from the counseling manager there.

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