I am losing hope. I am not lazy I just have not found a career that I am passionate about so I job hop. I've had more than 7 jobs in 10 years. How do I regroup? I am down to my last $20 and very confused. I am a college graduate. I am looking for an opportunity to excel and grow with a legitimate company in Chicago. I prefer to work in an office and not run around all day. I am looking for a mentor. Any volunteers?
2006-12-20 12:50:59 · 13 answers · asked by Anonymous in Business & Finance ➔ Careers & Employment
I agree with Laura C. If you are that far in debt don't be so picky. Take what you can get (like it or not) & while you are there do the best work you can do (who knows...it may get you something better or closer to a job you are hoping for). You don't have to stay at the job until you retire, but you need the paycheck to pay your bills. A paycheck is a paycheck whether you are passionate about the job or not. If you don't get an income you are not going to get out of debt anytime soon. All you will succeed in doing is raising the amount of your debt. I know because I was there. Sure some answers are go get a loan. Bad idea! That is why you are where you are. If you can't pay back what you already owe, DON'T borrow more. Also as Donald W said...don't believe those "credit repair" scams. They can't get you anything you can't get yourself from the creditors (payment options, stopping the fees, etc.), most of them charge you money that you can't afford because you are already in debt (you are calling them to help lower your debt and get you out of it and they add to it for helping you? That should tell you something about their service! It's B.S.!)
Call every one of the creditors you owe, see if they can work with you to help get the balances paid off and maybe even lowered. Most of them will work with you! They sometimes reduce the balance, stop charging the extra penalties and fees every month for late payments, over credit line fees, etc., negotiate a low reasonable payment plan (less than what it is now)! DO NOT IGNORE AND AVOID THEM!!! Trust me I know. I know that it is not easy to talk to them, but in the longrun it is better and you will be glad you did. The daily phone calls you probably get, turn into hourly calls from 8am-9pm everyday including Sat., Sun., and holidays, the Fedex and UPS delivery persons get to know you really well because they bring you letters from them all the time and the stress level you are at gets higher and higher.
I know how you feel because I have been there myself. It isn't easy and you feel like giving up, but if you just make an effort and do your part, it will get better! If you were responsible for creating the debt, be responsible and get rid of it! Don't forget about it!
Good luck and I wish you all the best!
2006-12-20 13:37:37 · answer #1 · answered by michelle 3 · 0⤊ 0⤋
Bankruptcy is an option, but have you made contact with your credit card companies? You should make some arrangements with them that you can keep.
Get any job or jobs and stick with them. You can get a job easier with a job than as an unemployed person. There's no shame in working food service, front or back of the house; no shame in traveling either. Maybe Chicago is not the town for you. I think it's time to stop worrying about your "druthers", i.e. working in an office, etc. Take a job and start digging yourself out of this hole you are in.
Do not get suckered into using a "credit repair" company. They are scam artists and will just pull you beyond the bottom of the hole you are in now. Promises of fixing your credid are lies. No one and nothing can "fix" credit reports. All you can do there is pay off the debts and after 7 years the bad ratings will be removed.
2006-12-20 13:03:34 · answer #2 · answered by Donald W 4 · 1⤊ 0⤋
If you have only $20 left, you should go to the "Day Labor Employer", take any job assignment they offer, and work through there until you find a better job.
Remember... any job is better than no job.
Ignore the credit card debt. Pay the rent, electric, water, phone, etc.
File chapter 7 bankruptcy
Ignore your desire to feel passionate about a job. Just focus on getting a job that you can do, that will pay you fairly, that will enable you to support yourself.
Continue your search for a job that you can feel passionate about (just make sure you maintain steady employment while searching).
2006-12-20 13:10:11 · answer #3 · answered by davidcolyer 2 · 0⤊ 1⤋
Since you don't know what you want to be when you grow up, I'd suggest taking a personality/career assessment on line. (Some are free--I recommend Tickle.com--they want you to pay, but you can figure out what the answers are without paying.) Then, I'd get to my local one-stop (formerly the unemployment office) for help with resume/cover letter, etc. Then, I'd look at the Labor Market Information website (www.lmi.state.(the initials).us) for more information. They will also show what employers are hiring in your area. I'd also contact a consumer credit counselor. Good luck!
2006-12-20 13:00:46 · answer #4 · answered by Chris 4 · 0⤊ 1⤋
Grow up. Take a job that puts food on your table and pays your bills. Noone ever promised you you'd love what you did for a living. Getting in touch with your inner self has obviously not paid off. When you get a few bucks in the bank invest in a good lawyer. You'll need him for bankruptcy court.
2006-12-20 13:12:40 · answer #5 · answered by anon_y_muse 2 · 0⤊ 1⤋
Like I did in a very similiar situation (college grad, with no immediate dream job prospects as I'd hoped) .... you need to suck it up and find a job (ANY JOB) that puts a paycheck in your hand until you start to get your head above water.... work retail, restaraunt, anything that pays... if you're in that much debt you are in no position to be choosey. If you're not lazy like you said, you would get a job anywhere as long as it was work and income.
2006-12-20 12:54:00 · answer #6 · answered by Laura C 4 · 2⤊ 0⤋
Visit this site. It is a Christian based site that helps people with finances. Keep looking up.
2006-12-20 13:52:31 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Bankruptcy for the $70K, pay off the student loan.
2006-12-20 12:52:40 · answer #8 · answered by Anonymous · 3⤊ 1⤋
Check out: http://loanconsolidation1.blogspot.com They have good information on student loans, refinancing and loan consolidation.
http://loanconsolidation1.blogspot.com
2006-12-21 11:30:30 · answer #9 · answered by Anonymous · 0⤊ 0⤋
You can search online for a mentor to help you. That's what I would do.
2006-12-20 12:53:14 · answer #10 · answered by jazmineivy 1 · 0⤊ 1⤋