I am 33 years old and just married in August of 2008. My wife and I bought a home last September but I was laid off in February of this year. So now I have a $1200 mortgage, $300 car payment, and tons of credit card bills which I cannot pay. I recently started a temporary position which pays more than unemployment, but not much.
I have just over $30,000 in unsecured debt. I was laid off in February and have not paid many of my cards since that time. I have a mortgage, car loan, and all this debt and I have no clue how to go about repayment. My credit score was 695 this time last year and now I have several accounts in collections with others soon to follow.
I had the following questions that I’d like for you to answer before I can answer your question. Please post your answers in the comments section of your question. I’m looking forward to helping you for free.
- What do your job prospects look like?
- Do you think it is likely that within six months you will be able to find employment at a salary that would allow you to meet all your obligations?
As soon as you can post the answers to my questions above I’ll be able to help.
If any reader wants to offer advice in the comments section please feel free to participate.