I got fired and now unsecured debt is sucking up all of my savings
My life has spiraled virtually out of control all stemming from horrible financial issues. For me it began after I got laid off this was something that I honestly didn’t expect to happen and it did. Needless to mention losing income isn’t beneficial for anyone but I have not yet rebounded and located another job yet. This right away made me comprehend just how bad another financial problem I had is. This problem is credit card debt. My debt bills are very steep and without employment I can’t pay them and will no doubt begin to fall pastdue on the monthly payments.
We have been looking for a credit card debt relief program that will assist me while I am still seeking new employment. Most financial advisors have been saying that credit card debt settlement is a reasonable program that will be for consumers in my kind of situation. The goal in mind of this plan is for the debtor to save money and quickly get off the credit treadmill. This sounds precisely like what I should be doing.
It looks as if a debt settlement program is actuality the only workable road for us because a a bankruptcy proceeding would involve me giving up my home and a credit counseling plan is something I won’t be able to pay for. I have spoken about this plan with my partner and she feels that debt settlement would be a good idea for us too. Once we get rid of credit card debt then we need to work on becoming much more responsible with our finances and never get wedged in this terrible trap again in our lives.
Posted: December 26th, 2009 under Uncategorized.