Single Parent, Stuck in Low Wage Jobs, Huge Student Loan Debt. – Heather

“Dear Steve,

I am a single parent, sort of an empty nester, but not quite. I have always worked low wage jobs because I don’t know the right people. I thought my brains and work ethic would get me past that.

Long story short, I finally graduated college at 40, but I am still working the same dead end job at the same company, making the same low wage. Now, I have a huge amount of student loan debt, a house I cannot afford, medical bills, and no way out. I hate my job. I hate being broke all the time. I thought a college degree would improve my and my daughter’s life…not so. I am miserable. I am tired of struggling to put food on the table and pay the bills. My big plan to improve my life backfired. I need help.

Can I file bankruptcy, including student loans? If I do, who will rent to me? Who will hire me? Won’t a bankruptcy make me look horrible to future employers, landlords, and banks?

I filed the first time early in 1994, after my daughter was born. I have only ever received $100 total in child support, because her father was on SSI, and I made just enough money to never receive help from food stamps, etc. So much for trying to help myself. I have always been dirt poor and it wears on me. I feel I have aged 20 years on top of my actual age. I can’t take much more.


Dear Heather,

The reason bankruptcy is often referred to as a fresh start and a second chance is because, well, it is.

The question here is if you want to continue to invest energy on your current path or invest the same amount of energy building a better future. Ponder that for a moment. Seriously, what if you took what you’ve learned from your mistakes and took your effort and applied it to doing better rather than circling the bowel? Couldn’t you change your life for the better?

See also  Interest Rates on Federal Student Loans to Double

You can turn back the house, file bankruptcy, take a shot at discharging or reducing your student loan debt and work towards a better future. Or just keep doing what you’ve been doing.

It’s time to stop being financial paralyzed by scary assumptions about bankruptcy.Click to Tweet

As soon as you get your bankruptcy discharge you can immediately begin to rebuild your credit. It’s actually easy. Read How to Easily Rebuild Your Credit and Have Good Credit Again.

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Want to know more about including student loans? Read How to Really Discharge Your Student Loans in Bankruptcy. Many Can But Never Try.

And another issue that certainly sounds like it is holding you back, is probably depression. Once life kicks you down so much it’s hard to be positive or see a better future. The depression leaves you stuck in the same situation. If we can change the future we can help to break the cycle of depression.

Please click here to find a local bankruptcy attorney and let’s get you moving towards an awesome life. There is Life After Debt and It’s Awesome.

In fact, just check out the full list of bankruptcy articles below that will address your questions.

Please post your responses and follow-up messages to me on this in the comments section below.

Damon Day - Pro Debt Coach

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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.
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