I bought my first home, moving from Pennsylvania to Florida, the only place I knew all my life, following the death of my beloved mother.
I was able to put a down payment on a house in a beautiful community in Florida, & live rather cheaply as compared to Pennsylvania. Unfortunately, the job market has not been kind to me and I have been unemployed for 5 months. I have borrowed from every resource possible and have been through a line of credit of 31,000 over the past 1.5 years.
The pay scale here is ridiculous…something I was not aware of and only wish I had done my homework on that front. I am now trying to start my own home based business, but in the meantime I have all these bills that are going to go unpaid after this month, including my mortgage.
I fear going into foreclosure or losing my home. I am determine that I will not become another statistic.
What do you suggest I do to get by for a few more months. I know I will do well with this business and or find a job…it is not paying my bills that concerns me. I had a great credit score, but I believe it went from 730 to 680 now, since I missed paying a bill or two by a few days. I do not know what else to do. I would appreciate your input. I have approximately $170,000 debt which includes my two mortgages and credit cards, and need about $2000 per month to pay all my bills.
I had so much to say that I launched a new podcast show and your question and answer became the focus of the very first show.
You can listen to the show using the player or link below.