I am a graduate student who is currently looking for a job and can’t get one due to my bad credit. I was diagnosed with bipolar disorder 3 years ago and this was about when my finances took a downturn. I have a hard time finding worthwhile jobs because of my credit and it’s a catch-22 because how am I ever supposed to get out of debt if I can’t make any money? I would file for bankruptcy, but most of my debt is student loans, and the other debt is credit card debt and medical bills that are in collections. I don’t know what to do and it’s starting to affect my mental stability…Help!
I’m not surprised that your finances took a tailspin about the same time as your diagnosis. Just yesterday I was having a conversation with a woman about the very same thing. She was telling me, what most bipolar people say, that during her manic phases she spent almost uncontrollably.
You might find my interview with Paul, who is also bipolar, interesting.
We have several distinct issues here that need to be dealt with.
- Your mental health issues and condition.
- Your debt.
- The lack of income and employment.
I’m surprised that you feel your credit is holding you back from finding employment. Have you specifically been told that there is a specific issue with your credit report? What kind of jobs are you applying for?
The credit card and medical debt could be included in bankruptcy but I don’t know how much of this debt you have. The student loans are tougher. As long as these are government backed student loans you should look into the Income Based Repayment program (IBR).
But, the most important issue is to first make sure that your bipolar condition is under control first. Unless it is, any plans that you make to address these other issues will be scuttled by the bipolar storms.
As far as employment goes, go apply at every temp agency in town and start taking any assignment. Activity breeds opportunity and I need for you to be active and earning something.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.
You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
P.S. Be sure to read ‘The Secret of Surviving Through Difficult Economic Times. What I Learned On My Journey‘.