Latest Posts
Home > Ask The Get Out of Debt Experts > I Have a Lot of Medical Debt and Might be Losing My Job. – Michelle

I Have a Lot of Medical Debt and Might be Losing My Job. – Michelle

“Dear Steve,

Ok, I have had a lot of high medical deductibles this year than anticipated and having some trouble keeping up with the credit card debt. Luckily I have paid everything on time and have never been late. But, I am now facing possibly losing my job.

I really looking to consolidate my credit debt into one. I have about 31,000.00 and a 705 credit score. What should I do????

Michelle”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Dear Michelle,

We need to tackle one thing at a time here. If you are truly afraid you may be losing your job then any longer term solution to deal with the debt may not be successful.

The reality is anyone can lose their job on any day for any reason. Employment is never really secure. Stuff happens beyond the employees control. We all like to believe our jobs are secure, they really are not.

So let’s say you get past this issue of the job or it was not a factor. The most logical first path to explore would be an unsecured debt consolidation loan from LendingClub.com. It is a peer-to-peer lending network that let’s people like you and me lend to people like you and me. I happen to help fund loans there so if you go that route let me know what your loan number is by posting it in the comments below and I’ll help fund it.

If the job concern is overwhelming and you do get laid off, if you can’t find a replacement job in short order you may need to look at bankruptcy to discharge the credit card debt so you can survive on employment.

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

I Have a Lot of Medical Debt and Might be Losing My Job.   Michelle
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

Share This and Spread the Word

About Steve Rhode

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.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.