Tag Archives: loss of income

Husband is on Disability and My Paycheck Isn’t Enough to Cover the Bills. – Crystal

“Dear Steve, My husband and I are newlyweds married May of 2011. We are having our first child in July and we are very excited. Last year one month before we left for Hawaii to get married I was let go. Fortunately I was able to find a job the very next but I was [...]

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 [...]

We Are About to Lose Our Home and My Husband Won’t Talk to Me About It. – Jeanette

Jeanette “Dear Steve, We are about to lose our home $10,000 in the hole my husband has not talked to me i just found out in the mail he takes care of the bills he lost his self employment is now working for someone else I know this is a big change for him a [...]

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 [...]

Our Mortgage Went Up and We Are Going Down. – Tami

“Dear Steve, My husband works a sales job that is 100% commission. I am at home with our small children. From 2008 to 2009 he took a 100k loss in salary. We purchased a new home in 2008 when we were making plenty of money to afford it. Knowing that the economy was going to [...]

Reduce Interest To Reduce Payments w/o Affecting Credit – Christina

“Dear Steve, We have too much credit card debt and rely on overtime to pay our bills. In the current climate it appears that the overtime is going to be pulled back and we will lose that extra income. Is there a way to reduce the interest on our credit card payments, thus, reduce our [...]

James the Police Officer Calls in For Help to Avoid a Repo – Get Out of Debt Podcast

Here is the latest Get Out of Debt show podcast. Do You Have a Question You Want to Ask? If you have a credit or debt question you’d like to ask call 919-321-2378. Leave your first name and question and I’m happy to help you totally for free. @GetOutOfDebtGuy Caller Question James is a police [...]

Should We Put the House in My Husbands Name So He Can Go Bankrupt On It? – Barbara

Barbara “Dear Steve, I bought my home in 1999 and have two mortgages. The 2nd mortgage was in 2005 for home improvements. I was married a year ago and my husband and I were both laid off, he is Dec. 08 and I in March 09. Currently the 2nd mortgage is headed for foreclosure, the [...]

We Need a Break in Interest From Our Credit Cards. – David

“Dear Steve, We have almost $200,000 in credit card debt. Although we are current on payments, we now have a health situation that may not allow us to continue making our payments. My wife and I make a good income ($220,000 per year), but we need relief – primarily interest relief from the cards. We [...]

I Can’t Make the Mortgage and Feed the Kids. – Lill

Lill “Dear Steve, We are having problems making our mortgage payments and lot rent. We live in a modular home park and we are suppose to pay 21000.00 total for this place. The modular home appraised by the county is at 11,000 as I just found out not long ago. We pay 285 monthly lot [...]

My Fiance Left Me With His Bills. I Am Struggling to Get By. – Angela

“Dear Steve, I currently separated from my fiance and am left with 2 car payments, a motorcycle payment, mortgage, student loans, credit cards and everything else. I obviously, no longer have his income to count on. I have received payment extensions, “down-graded” phone and tv plans, but this stll leaves me negative every pay period. [...]

My Step-Father Cut My Mom Off and Now We Can’t Pay the Bills. – Alexandra

Alexandra “Dear Steve, My mother and I live together (I support her). Based on an agreement with my step-father, he has paid my mother’s rent for the past 15 years. Unfortunately, due to a family dispute in January, he cut me off and stopped paying the rent, which left me scrambling to cover. Once my [...]

I Fell for the Balance Transfer Gimmicks Offered by the Credit Card Companies. – Brad

Brad “Dear Steve, My wife and I had our income reduced by $3,500 a month! I admit we overspent, and didnt save. I fell for the ‘balance transfer’ gimmicks offered by the credit card companies, and went head over heels in debt. I refinanced our home, that was almost paid off! Then they started raising [...]

I’ve Depleted My Savings, Creditors Are Calling And I Feel Like a Criminal. – Avria

“Dear Steve, Early in 2008, I had a sudden turn of events. I had to quit my job due to health problems and lost half of my household income when my ex and I split up. I had just bought a new car and signed on to what would have been smart loans to transition [...]