I have accumulated $40,000 in debt, mostly credit cards and I also owe the IRS $11,000 in back taxes. My debt is a result of losing my 20 year job and being out of work for 2 years. I moved 1200 miles to find another job, and eventually took another job that pays $10,000 less than my previous job. I can barely afford to make ends meet, and I am paying the IRS $163 a month per my installment agreement, but I am even having a hard time paying that. I can barely afford the minimum payments on my credit cards, and I am not behind or late on any payments as of yet, but the inevitable will happen. I already work 60 hours a week and with my schedule it's difficult to find a part time job to work around my hours. I don't want to file bankruptcy. Since the IRS has a lien filed against me, my credit score has dropped from 750 now down to 650. I don't know what else to do. Any suggestions?
2006-06-18
14:53:10
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15 answers
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asked by
Blonde Ambition
3