“Dear Steve, My husband loses his job as of this year in a couple weeks. Due to family illness, I lost my job 2 years ago. He is in his late 60’s & I am 60. Due to all foreclosures in my area, unable to sell house for what we owe. We would have to pay out almost 9-15k to ... Read More »

Now here is a point many in the debt world get totally wrong. They assume that the debt someone has is the problem. That’s not true. In fact the debt is the byproduct of another event and like losing partial vision in one eye, it’s the symptom of a greater underlying issue. If the focus is on the debt itself ... Read More »

“Dear Steve, 20 years same company making 200 or more each year in a sales role. Got fired unexpectedly. Been riding large debt load for years, but managing it I guess because of big income. My monthly nut is about 4k. + another 3k to float my excessive bad debt: Two cc: 32k 0% 12 months coming due in jan ... Read More »

“Dear Steve, I am married with two children under 4 and rent my house. My rent is 750.00/mo., car payment is 550.00/mo., daycare is 1000.00/mo., loan is 450/mo., and then we have the usual utilities and cell phone bills. Two years ago my husband lost his job, then last year he changed jobs. He currently gets paid $10.00/hr. and I ... Read More »

You’ll see six new greeting cards in your local Hallmark stores designated strictly to job less and the recession. That’s right, recession cards! I wouldn’t be surprised to see a Recession Day “holiday” pop up in their books soon. With the unemployment rate in this country at a staggering 9.1 percent (14 million people) it’s likely you know someone who ... Read More »

My husband has lost his job twice in the last 2 years. The first time it only took him 1 month to find a new job, so we recouped pretty quickly. The second time (which was just in February 2010) it took him 5 months to find a job. His new job includes a $10K reduction in salary and with ... Read More »

Doug “Dear Steve, I have lost my job, We have a huge overhead and with the current economy, we have tried, but unable to sell our house for loan value. Upside down with bills 4 to 5 times what is coming in. Applying for jobs but nothing yet and have depleted savings and 401 ks leaving early withdrawl penalties I ... Read More »

“Dear Steve, All started in 1999 my husband lost his job and i haven got a permanent job for a year. So i didnt pay any accounts they blacklist me and soon as i start working all the creditors start phoning me i took out loans that i count afford and theirs were everything start going wrong. Good day Steve ... Read More »

If you’ve ever lost a job, you know how devastating it can be. It doesn’t really matter how you lost it — a company reorganization, merger, forced retirement or simply being fired — the results are the same. It probably feels like everything you’ve worked for is gone, including your income. And because losing a job is often unexpected, you’re ... Read More »

Noname “Dear Steve, I am in a distressed situation and i dont know what to do about it. I recently lost my job and I have 2 car payments that along with insurance is taking about 600.00 a month and recently a family member that i signed for a car went to jail so now i have that car as ... Read More »

“Dear Steve, My mother was in an accident and lost her job, we lost our tenant in our house for about 6 months in which bills got backed up, credit cards and loans were used to pay for the bills since my mom’s income was gone. She got a new job but does not make much, my father is the ... Read More »

“Dear Steve, I have a commssion based job. I allowed my credit card debt to increase. I was in a position to pay off the debt when my wife lost her job. The current economic situation caused me to loose deals I thought I had and now, after taking loans out on my c.c.’s, I have over $15K in unsecured ... Read More »

Cris “Dear Steve, My husband and I moved to a rural town to semi-retire at the ages of 45. We found that after 22 years of marraige, we were pregnant with our first child. We were doing fine with both of us working but after the baby was born, I stopped working to stay home with her. It was tight ... Read More »

“Dear Steve, My husband just lost his job two days ago. I am stay at home mom and have stopped working since 2002. We only have $13000 savings and a $1000 monthly mortgage. I have already started submitting my resumes so I could get work too. My husband seems to be nonchalant about it and I am at edge over ... Read More »

“Dear Steve, I have two outstanding credit cards that have not been paid in over 90days. I tried to go through a debt management and found out that two of them they really could not do anything with. Now I am trying to make arrangements to just make payments on both cards but I am told they need a big ... Read More »