What Can a Family Do to Get Help With the Mortgage and Credit Card Debt? – Joe

“Dear Steve,

I got laid off from work and scared of losing everything.

What can me and my family do to help with the mortgage and the credit card dept so we don’t lose everything?

Joe”

Dear Joe,

I had the following questions that I’d like for you to answer before I can answer your question. Please post your answers in the comments section of your question. I’m looking forward to helping you for free.

Is there any income flowing into your home at all. If so, how much?
Do you have any money in savings?
How much debt and what kind do you have?
What are your chances of finding a new job in your area in the next three months?

As soon as you can post the answers to my questions above I’ll be able to help.

If any reader wants to offer advice in the comments section please feel free to participate.

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.

Check out your debt relief options using The Amazing How to Get Out of Debt Calculator. It's free, easy, and anonymous.

Rob
This doesn’t help you with the unemployment problem, but I saw this article on Yahoo.http://customsites.yahoo.com/financiallyfit/finance/article-107752-2691-0-how-one-family-shed-106000-in-debt?ywaad=ad0035
I think it’s inspirational for people who feel overwhelmed by debt.
http://spiritwealth.wordpress.com Spiritwealth
One of the biggest mistakes people make when getting laid off is to wait until the unemployment checks stop coming before getting serious about increasing income or decreasing expenses while trying to get another job. Lots of small actions can produce a large impact in a budget, whether it’s renting out a room in the house, starting a vegetable garden, reducing premiums from insurance, getting rid of extra cars, child care expenses, or simply mowing lawns and raking leaves on the side. Just be sure you don’t reduce your benefits by choosing an option that makes you “self-employed” before you can support yourself on that income or you can lose your unemployment benefits. The more you can save your unemployment money, the more chance you have of lasting longer before you might end up in foreclosure or bankruptcy. With the recession starting to turn, every single dollar saved is a day gained in time to recover the loss of a job’s income.
.-= Spiritwealth´s last blog ..The Psychology of Happiness and Riches =-.

http://GetOutOfDebt.org Steve Rhode
Spiritwealth,
Thank you for the good advice you offered Joe.
Steve

How to Get Out of Debt With the Get Out of Debt Guy