Latest Posts
Home > Ask The Get Out of Debt Experts > I Mismanaged My Money and Lost Half My Income. – Robert

I Mismanaged My Money and Lost Half My Income. – Robert

“Dear Steve,

I am in credit card debt of more than $10,000, and need help managing my debt and restoring my credit rating can you help me or do do you know of an honest organization that will. I lost a high paying job right before the economy went bad and am working for half of what I previously made. I am in this situation because I have always mismanaged my money and I need some help creating good habits and I am being hounded by these companies now. would appreciate some help. Thank you

Can you help me or suggest an honest company that I can work with? Thank you.


Dear Robert,

If you can afford the minimum payment on your debt of about $230 a month then I’d suggest you click here for credit counseling information. That approach could give you a fixed monthly payment and can get you back on track.

You might also want to investigate the Mvelopes online budgeting method to give you real time feedback on managing your money.

Rebuilding your credit is going to take time and getting new credit in the future to use and pay on time so it is reported to the credit bureaus. No legitimate company can wave a magic wand and make it better.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.


I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.