“Dear Steve, I’m unemployed since 9/4/08 and my work is in the IT field. I collect unemployment of about $1,160/mth. My husband is a Maintenance Mechanic and brings in about $27k a year, or $1,600 after taxes and deductions. I used to make upwards around $45k as a programmer before I got sick about 5 …
Pamela “Dear Steve, I am 71 days behind on car payment. I am on unemployment. I was in a car accident back in January and hopefully will be settling soon. I was released from doctors care October 12th. I have been seeking a new job since July. I finally signed up with some temp agencies …
Greg “Dear Steve, Car payments and car insurance are killing me financially! I don’t know what to do on my car payment anymore? I’m getting financially stressed! Its extremely high and I pay high interest, plus I have another car I owed on and traded it for this new car and what was left on …
Ai “Dear Steve, Like the rest of the country when the mortgage industry suffered my husband and I also did since we were both in the industry and were paid commission only. I was lucky enough to find a job but catching up on bills and having only one income resulted for me to go …
“Dear Steve, I built a new home using credit card cash advances. I now have $85,000 in credit card debt and the interest rates average 25%. I can make up to $2500/month in credit payments but the interest rates are killing me. I had great credit before this issue. I have a good job and …
I hate writing these kinds of stories. On the one hand, it will help those who are currently doing — or thinking about doing — what I am about to write about. On the other hand, there will be some readers who will now go out and do exactly what I am trying to dissuade them from doing. That said, I can’t control what my readers do. They’ll do what they’re going to do. Here’s the deal. A
Now that banks have stopped their rampant lending to consumers what should we expect next? Well let’s not be surprised if we see an increase in payday loan or title loan activity. A payday loan is an unsecured, short-term cash advance until your payday. Payday loans are typically hyped with payday lenders saying things like: …
