Each of us lives only now, in this brief instant. The rest has been lived already. So make the most thoughtful choices you can today that will lead to a better future.
Steve's Thought of the Day
Stop drifting and hoping a magic solution will appear. Instead, you can participate in rescuing yourself. Find peace by pursuing facts through trusted advisers and research rather than the blind trust of salespeople trying to sell you something by almost any means necessary.
Steve's Thought of the Day
Make decisions to deal with your debt with logic and facts, not assumptions, and worry about what other people will think. People who judge you will soon be forgotten. Nobody thinks about anyone that much.
Steve's Thought of the Day
The world is nothing but constant change. Your life is only a perception. Choose a way out of debt based on facts, not assumptions. Do what is best for your future because those that judge you will not feed you.
Steve's Thought of the Day
Do you have a greater responsibility to repair your financial past or your financial present and future? Make good choices that allow you to tackle your debt and immediately start building your emergency fund and saving for retirement. Tomorrow will be here before you know it. Lost time is a sin.
Steve's Thought of the Day
There is no sense in wasting a perfectly good financial mistake. Instead, learn from it and do better moving forward. The past is gone. Turn and face the future now.
Steve's Thought of the Day
Those who judge you for past financial mistakes are not your friends. So don't make choices about your future out of fear of what they may think. Instead, make choices based on truth, fact, and what is best for you moving forward from today.
Steve's Thought of the Day
Don't believe everything you think. Challenge your assumptions about getting out of debt. Do what is best for you, not others.
Steve's Thought of the Day
Is it less moral to file bankruptcy or to not take action that leaves you old, broke, hungry, and dependent on others?
Steve's Thought of the Day
If bankruptcy is so bad, why did our Founding Fathers specifically include it in the U.S. Constitution as protection for financial difficulties?
Stop listening to people that say bankruptcy is a last resort. It is neither first nor last. It is a tool like credit counseling, debt settlement, and others. For the best result, you need to use the right tool for the job.
Steve's Thought of the Day
People that tell you to avoid bankruptcy want to sell you something else are repeating something they heard or do not know what they are talking about. Get the facts and then make your own decision. Don't let an unskilled script-reading commissioned salesperson make life decisions for you.
Steve's Thought of the Day
Debt problems are like fingerprints. No two are alike. A one-size-fits-all solution will give you a one-size-fits-all result. You deserve better.
Steve's Thought of the Day
You are not your debt. Your value, self-esteem, and existence should not be defined by the money troubles you may be facing right now. Debt problems are solved with proper action, not guilt, self-hatred, and disgust.
Steve's Thought of the Day
Debt is nothing more than math wrapped in emotion. The math is easy, the emotional part leads us to do impulsive things. Not the right thing.
Steve's Thought of the Day
What type of money personality do you have? It is important to know. Take my online test now and discover how you unconsciously deal with money, credit, and debt.
Steve's Thought of the Day
How much retirement savings are you willing to throw away by dealing with your old debt instead of preparing for your financial future? Find how much you will lose by making the wrong choice. Use my online debt repayment calculator now.
Steve's Thought of the Day
Does it make more sense to ask for life-altering debt advice from an unskilled and untrained commissioned salesperson in a call center or an experienced debt coach like Damon Day that provides a customized solution for money troubles?
Steve's Thought of the Day
I’m Homeless and Hopelessly in Debt. What Should I Do? – Darrell
Went on SSI about 18 months ago, and lost everything. Im homeless now. Getting my food at food banks, and shelter wherever.
My only sorce of income is SSI. I receive 850 dollars a month. I have around 10,000 in credit card debt. I also have about 2500 in payday loans i owe. I dont know what to do. This is my second letter to you. I did not hear back from you on the first one. I dont have one cent to hire a lawyer. Ive looked all around and cant find any places that offer free legal help. Im homeless now. Ive lost everything. Please help (ASAP)
Darrell”
Dear Darrell,
Do You Have a Question You'd Like Steve to Answer? Click Here.
It’s never good to start with an apology but I’m sorry I have not made it to your first request yet. I alter between doing the first in the queue and the last and I guess that first request is somewhere in the middle.
There is free bankruptcy help available through the network of pro-bono bankruptcy attorneys. You can lookup the provider in your state through this link. There will still be court fees to pay to file but that will be significantly less than what most people pay in total for bankruptcy.
Since your income is only SSI, you don’t sound like you have any assets to go after and you are not working, then a second option, as silly as this sounds, is to do nothing. You will probably be sued and you will lose but there is nothing for the creditors to go after.
When you do get back on your feet and start earning an income again outside of SSI then you could pursue bankruptcy to close the door on those old debts. In the meantime, if you are contacted by a debt collector, just be nice, but don’t make a single promise to repay that you can’t afford. Just know you will remain in collections for now and find a way to weather the storm.
3 thoughts on “I’m Homeless and Hopelessly in Debt. What Should I Do? – Darrell”
While I highly appreciate the comment above, and definitely know developing a better relationship with god where I feel worthy of his help and love, even though he gives it for free (or so I’ve heard). My heart goes out to the original poster of this thread. I appreciate the advice you gave and have looked into getting credit repair and have found a multi year legitimate solution to the issue, I’m a millennial so I want everything now. I really hope you see this as I’m going to go a bit into detail about myself goals and debts. My background is traumatic although I graduated Highschool and got accepted into College yay! At 18 however I was not ready for college, (inexperienced handling credit cards, no family support, no scholarships) and I went to a 4 year university anyway. Big mistake as by being unable to afford my food and shelter let alone tuition I quickly found myself homeless far from “home”. Stayed and tried to work through it and attend the community college there, to no avail, as I could not receive aid. Long story short collections fees were added to my debt, transcripts withheld preventing me from financial aid appeals in college due poor Stability and Unsatisfactory stability. I started a business and worked many odd end jobs to survive pursuing school despite my issues. However now I have a good job, (still training but working consistently) and I am homeless (living in my functional thank god car) and now I’ve come into some money. Not enough to take care of that debt outright, nor the many other credit cards and bank accounts that I owe money. My credit is suffering and I just want to take care of this quickly and efficiently without dragging it out another month, two months three months. Not another day if I can, Is there any route to freedom that would make Sense here. I don’t think bankruptcy makes sense as it can have such long term detrimental effects with no benefits. What should I do?
While I highly appreciate the comment above, and definitely know developing a better relationship with god where I feel worthy of his help and love, even though he gives it for free (or so I’ve heard). My heart goes out to the original poster of this thread. I appreciate the advice you gave and have looked into getting credit repair and have found a multi year legitimate solution to the issue, I’m a millennial so I want everything now. I really hope you see this as I’m going to go a bit into detail about myself goals and debts. My background is traumatic although I graduated Highschool and got accepted into College yay! At 18 however I was not ready for college, (inexperienced handling credit cards, no family support, no scholarships) and I went to a 4 year university anyway. Big mistake as by being unable to afford my food and shelter let alone tuition I quickly found myself homeless far from “home”. Stayed and tried to work through it and attend the community college there, to no avail, as I could not receive aid. Long story short collections fees were added to my debt, transcripts withheld preventing me from financial aid appeals in college due poor Stability and Unsatisfactory stability. I started a business and worked many odd end jobs to survive pursuing school despite my issues. However now I have a good job, (still training but working consistently) and I am homeless (living in my functional thank god car) and now I’ve come into some money. Not enough to take care of that debt outright, nor the many other credit cards and bank accounts that I owe money. My credit is suffering and I just want to take care of this quickly and efficiently without dragging it out another month, two months three months. Not another day if I can, Is there any route to freedom that would make Sense here. I don’t think bankruptcy makes sense as it can have such long term detrimental effects with no benefits. What should I do?
Actually, studies prove that bankruptcy is the fastest way to recover with better credit. https://getoutofdebt.org//86125/those-that-file-bankruptcy-do-better-than-those-that-dont and https://getoutofdebt.org//48847/so-you-are-going-to-file-bankruptcy-thats-good-news-congratulations
Don’t believe the myths that bankruptcy is a last resort or will
Jesus Christ is the way, the truth and the life John 14:6 so put Him 1st Matthew 6:33