Tag Archives: job loss
- Is Your Job Loss A Hallmark Moment?
You’ll see six new greeting cards in your local Hallmark stores designated strictly to job less and the recession. That’s right, recession cards! I wouldn’t be surprised to see a Recession Day “holiday” pop up in their books soon. With the unemployment rate in this country at a staggering 9.1 percent (14 million people) it’s [...]
- Should I Go With Bankruptcy or Debt Consolidation? – Patricia
My husband has lost his job twice in the last 2 years. The first time it only took him 1 month to find a new job, so we recouped pretty quickly. The second time (which was just in February 2010) it took him 5 months to find a job. His new job includes a $10K [...]
- Lost My Job, Upside Down in Mortgage, and Our Expenses Far Exceed Our Income. – Doug
Doug “Dear Steve, I have lost my job, We have a huge overhead and with the current economy, we have tried, but unable to sell our house for loan value. Upside down with bills 4 to 5 times what is coming in. Applying for jobs but nothing yet and have depleted savings and 401 ks [...]
- It All Started When My Husband Lost His Job in South Africa in 1999. – Maria
“Dear Steve, All started in 1999 my husband lost his job and i haven got a permanent job for a year. So i didnt pay any accounts they blacklist me and soon as i start working all the creditors start phoning me i took out loans that i count afford and theirs were everything start [...]
- How to Survive a Job Loss
If you’ve ever lost a job, you know how devastating it can be. It doesn’t really matter how you lost it — a company reorganization, merger, forced retirement or simply being fired — the results are the same. It probably feels like everything you’ve worked for is gone, including your income. And because losing a [...]
- I Cosigned for a Car Loan and that Person Went to Jail. Now I Have to Pay it. – Noname
Noname “Dear Steve, I am in a distressed situation and i dont know what to do about it. I recently lost my job and I have 2 car payments that along with insurance is taking about 600.00 a month and recently a family member that i signed for a car went to jail so now [...]
- My Mother Was In An Accident And Lost Her Job And Can’t Pay – Paula
“Dear Steve, My mother was in an accident and lost her job, we lost our tenant in our house for about 6 months in which bills got backed up, credit cards and loans were used to pay for the bills since my mom’s income was gone. She got a new job but does not make [...]
- I Allowed My Credit Card Debt to Increase. – Hank
“Dear Steve, I have a commssion based job. I allowed my credit card debt to increase. I was in a position to pay off the debt when my wife lost her job. The current economic situation caused me to loose deals I thought I had and now, after taking loans out on my c.c.’s, I [...]
- Retired, 45, Pregnant, and Afraid of Losing the House to Foreclosure. – Cris
Cris “Dear Steve, My husband and I moved to a rural town to semi-retire at the ages of 45. We found that after 22 years of marraige, we were pregnant with our first child. We were doing fine with both of us working but after the baby was born, I stopped working to stay home [...]
- My Husband Doesn’t Seem Worried That He Lost His Job. I’m Freaking Out. – Tina
“Dear Steve, My husband just lost his job two days ago. I am stay at home mom and have stopped working since 2002. We only have $13000 savings and a $1000 monthly mortgage. I have already started submitting my resumes so I could get work too. My husband seems to be nonchalant about it and [...]
- I Am 90 Days Late on Two Credit Cards. A Debt Management Plan Company Said They Could Not Help Me. – Jennifer
“Dear Steve, I have two outstanding credit cards that have not been paid in over 90days. I tried to go through a debt management and found out that two of them they really could not do anything with. Now I am trying to make arrangements to just make payments on both cards but I am [...]
- Should We Walk Away From Our Mortgage? – Phyllis
Phyllis “Dear Steve, We bought a house three years ago – ARM, two mortgages, total payment 2562. One year after we purchased the house, we were in the middle of refinancing when my husband lost his job. He was unemployed for four and a half months and we had to use our retirement to keep [...]