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Tag Archives: lost job

I Lost My Job. How Do I Unload My Vacant Home. – Peter

Short Sale Green Road Sign on Dramatic Blue Sky with Clouds.

“Dear Steve, I have a first mortgage (about $210-220K) with PNC Mortgage and a second/line of credit with PNC Bank ($65K) on my apartment in Washington, DC. I lost my job in 2010 and moved to Illinois to help care for my elderly parents (I’m in my mid 50′s), I am behind on both payments now 7 months. Foreclosure is ... Read More »

Lost My High Paying Job and Now Want to Tap My 401(k) to Pay Off Debt. – Tom


“Dear Steve, 20 years same company making 200 or more each year in a sales role. Got fired unexpectedly. Been riding large debt load for years, but managing it I guess because of big income. My monthly nut is about 4k. + another 3k to float my excessive bad debt: Two cc: 32k 0% 12 months coming due in jan ... Read More »

I’m a Teacher. My Husband Took a Pay Cut. We Can’t Make Ends Meet. – Jenifer


“Dear Steve, I am married with two children under 4 and rent my house. My rent is 750.00/mo., car payment is 550.00/mo., daycare is 1000.00/mo., loan is 450/mo., and then we have the usual utilities and cell phone bills. Two years ago my husband lost his job, then last year he changed jobs. He currently gets paid $10.00/hr. and I ... Read More »

I’m Disabled. My Husband Lost His Job. Where Do We Turn for Help? – Kaye


“Dear Steve, i am 50 and my husband is 57, i am disabled, but my husband was working at the goodyear plant in union city, tenn it closed in july. we had always helped our kids with school and bought them cars and paid there insurance.we owe $30,000 on our house and some on our sons truck, i also pay ... Read More »

My Husband Lost His Job at Age 62 and We Have a Lot of Debt. – Yolanda


“Dear Lewis, My husband lost his job 1 1/2 years ago. Age 62, we have alot of debt. Have been working real hard a keeping our home and car, but we have high credit card debt and unsecured debt. we have retirement income but is not enough to pay everything. What do we do. How can you be sure that ... Read More »

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 ... Read More »

Lost Job, Reduced Income, Medical Bills and We’ve Depleted Our Savings. – Shelly


“Dear Damon, My husband lost his job about 2 years ago, which reduced our income. He has had some medical problems which we were trying to resolve before he got another job. We have about 45k in debt ( not including my student loans)and only about 10k in home equity. Gross salary of approximately 58k right now, hopefully he will ... Read More »

How Can I Get My Bank to Listen to Me When We’ve Both Lost Our Jobs? – Karen


Husband lost job May 2009 and still hasn’t found work. I have had a part time for a year and lost it in October, found full time and now hours are cut back. Getting harder and harder to pay bills, don’t know what to do or where to turn. I don’t know what to tell creditors when they call, especially ... Read More »

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 reduction in salary and with ... Read More »

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 leaving early withdrawl penalties I ... Read More »

How to Survive a Job Loss

Example 1

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 job is often unexpected, you’re ... Read More »

We’ve Already Deferred Two Loan Payments But That’s Not Enough. What Can We Do? – Kathe


“Dear Steve, We are in our 50s. We’d been doing well and racked up some serious debt. Ashamed to say how much but … over 70,000. This includes credit cards and loans. Not including our home. Last month I lost my job and have been looking (yes, looking hard!) but have not found anything as yet. We have already deferred ... Read More »

We Are Living Above Our Means And Can’t Make Our Payments. – Pam


“Dear Steve, Where to begin. We got ourselves in a huge amount of debt, around $20,000. I can’t make the payments as we are living above our means. When we bought our house our incomes matched the house, then I lost my job and had to take a lesser paying position. My husband’s job was moved out of the country ... Read More »

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