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Tag Archives: unemployed

What’s the Best Way to Keep Our Credit But Reduce Our Debt Payments? – Susan

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“Dear Steve, My husband was laid off and now receives unemployment; he is 51years old, with the rate of unemployment and his age it’s a lot harder to find another job. In addition, we live in a small town so the closest jobs available (if any) are over an hour away. He is in the electrical trade and was a ... Read More »

    I’m Draining My SEP Retirement Funds to Keep Up My Credit Score. – Diana

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    “Dear Steve, At over 50 with excellent credit score and lines; self-employed for 25 years until recent couple of years (digital age/economy caused inability to rebound thus far), and after a nasty divorce over 5 years ago (which started the debt cycle – he dragged me through court), and a relo back home to Michigan (in 2005), I find myself ... Read More »

      Unemployed, Pregnant, and Can’t Afford the Payments – Erin

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      “Dear Steve, Unemployed, pregnant, and cant afford the payments demanded by the debt collectors. I am trying to make the demanded payments by the debt collectors, with out defaulting on my car payment, insurance, and medical bills. Do I have to send the collection agency the payment they are demanding, or can I send what little I can afford without ... Read More »

        I’m Unemployed and Can’t Pay My Bills. – Tim

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        “Dear Steve, I am unemployed,but i have some savings! I have 3 credit cards that total $14,000 and a car loan that I owe $6,000 on. what do you think i should do? they are all over two years delinquent! Tim”   Dear Tim, You have two choices, you can either wait till you start making money and then try ... Read More »

          My Husband Can’t Find a Job. – Elizabeth

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          “Dear Steve, My husband has been laid off and is not able to find a job and believe me he’s looked everywhere. He had the greater income to where we could pay all our bills with just his paychech now its just my income which is half of all our bills combined. I have been considering letting go of some ... Read More »

            What Options Should We Consider to Avoid Foreclosure? – Joshua

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            “Dear Steve, 210,000 mortgage – 196,000 owed 4 months behind, foreclosure has not yet started but may within a month or so KS provides 120 days for the foreclosure process 15-20k unsecured credit debt/medical bills My wife has 18k in student loan debt 2 cars, not behind on and I’m not certain how much equity really is in them but ... Read More »

              I Am 52 And Not Worked in Five Years. Creditors Are Chasing Me. – Lora

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              Lora “Dear Steve, I am 52 and have not worked since 2004. Our company was dissolved. I have $14,900 in debt to one credit card CHASE. I am in debt collections now. I have 3 other credit cards that are current. The CHASE card is 6 mos past due as I can NOT afford to pay $390 a month! We ... Read More »

                My Husband Was Laid Off and I Was Referred to Money Management International For Help But I’m Leery. – Ann

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                “Dear Steve, My Husband was laid off about a month ago and the only income in the house now is about $250 a week unemployment. I am about $25,000 in credit card debt and was referred to Money Management International. I’m leary!! What should we do? Ann”   Dear Ann, I think the issue you need to be leery about ... Read More »

                  Our Monthly Payments Are More Than We Make. – Chelsey

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                  Chelsey “Dear Steve, My boyfriend and I pay more a month in payments than we make in a monthly income we have 2 credit cards maxed, one $1000, $8000. A 1890000 mortgage, which payments are $1200 a month. a $15 000 new vehicle, a $20 000 line of credit, $8000 student loan, and $3000 in small claim loans. My boyfriend ... Read More »

                    My Husband is Going to Be Laid Off This Friday. – Lori

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                    Lori “Dear Steve, My husband is going to be unemployed Friday. We aren’t in dire straights just yet however there are only so many hours I can work. He is making the radar but with 9 interviews underfoot and 2 more scheduled he still has found no work. We have submitted over 50 applications to still have no job. The ... Read More »

                      I’m Using My 401K to Get By And Have No Job. – Foster

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                      Foster “Dear Steve, I lost my job in November and have cashed and used my 401k to get me through so far. It is now exhausted and I still have no job prospects. My wife works and I get unemployment, but we cannot make ends meet. I have had my credit card accounts closed for some time now ( I ... Read More »

                        I Have $95,000 of Credit Card Debt. – David

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                        “Dear Steve, I am nearly 50 years old computer programmer living in Bay Area CA. I accumulated big credit card debts ~95K due to the fact I was unemployed multiple times in the last few years and I’ve been unemployed now for more then 3 months. I was never late on my payments except last month (March 2009). I’ve considered ... Read More »

                          I Was Jobless For a While And I’m 120 Days Late. – Billy

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                          Billy “Dear Steve, I was jobless for awhile. I am 120 days late on alot of my bills… Credit cards etc.. right now im barely making enough to keep me a float. Im able to just pay neccessities right now. With different companies calling me everyday wanting me to pay, I have told all of them my situation. I dont ... Read More »

                            You May be Down and Unemployed But You Are Still a Hero to Me.


                            When I was growing up my Dad found himself unexpectedly unemployed. He went from being an executive to without work, through no fault of his own. I often think back about those days as I read the emails of people that write to me for help who are now unemployed and struggling. I asked my father to share with you ... Read More »

                              I Was Told I Had Quit, But I Hadn’t. – Henry

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                              Henry “Dear Steve, I worked for a company for 4years,I quit do to alot of stress ,personal and from my work .I was a sanitation supervisor at a produce packing company.I was required to work a lot of hours under the gun and after all the stress i was going through I went to my boss and told him I ... Read More »

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