Hi my name's Elaine, & I've asked questions on here before, however nothing like this. Here's my situation. I have a family of 5. My husband our children ages 8,4,2, & me. Over the past 6 months we've been having family dificulties & it's starting to effect our lives to the point that we're falling further & further into dept. We're now to the point that we will be out on the street if I don't come up with the money due. I work 2 jobs, my husband is working, but it's not cutting it. This is not a sympathy plea, it's a extened hand for help to any one who has any ideas on what else we could do. As a parent I feel like I've let my family down cause I can't keep a roof over their heads. It's never been like this, but I've had to miss a lot of work due to illnesses. The extened family support just isn't there, & the banks will not loan us money. Our options are fading & fast. I'm scared of what will happen tomorrow. Any ideas? Heres my email if you want to talk
lillovable26@yahoo.com
2007-01-23 03:26:43 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
The only thing I can think of is for you and your husband to lay out all the bills and figure out who must be paid, who can be talked to about getting an extension or lowered payments and what can be further cut out to reduce spending.
Whatever you do, don't just ignore bills. Contact all companies and explain that you are having a fiscal shortfall and want to work a deal with them. You may have to pay more interest, but they usually are willing to work with you if you show good faith and won't just send you to collections.
Also, don't go to those quick cash or title loan places as it will just dig your hole deeper.
See if there is a non-profit debt counselling place in your area. If so, they might be able to help you further.
Good luck.
2007-01-23 04:34:38 · answer #1 · answered by parsonsel 6 · 0⤊ 0⤋
Expand your income in any way possible. This company has a great idea and is 100% free. They are currently in process of being listed on the London Stock Exchange. Does not hurt to read what information is on the website.
www.agloco.com/r/BBBQ0962
2007-01-23 15:45:02 · answer #2 · answered by The Standard 1 · 0⤊ 0⤋
Be VERY careful with offers like the first responder. Those companies usually set you up on interest-only payment plans that you can never get out of. The third posters advice was spot on.
2007-01-23 12:53:55 · answer #3 · answered by Bill S 3 · 0⤊ 0⤋
You need to get your monthly budget under control. Examine every penny your family spends, from rent/mortgage, groceries, utilities, entertainment, loans, daycare, etc. From there, you need to cut back everything unless it's essential. Go to your local food bank to cut back on groceries, keep electricity use to the minimum, etc. I am sure there are resources available in your community who are there to help, local churches, food banks, etc.
2007-01-23 12:25:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Here why not try this site, hope it helps
2007-01-23 20:13:29 · answer #5 · answered by slipstar_182 2 · 0⤊ 0⤋
Please let me know what state you are from, if you own a house I have a program than can help you eliminate debt. Please e-mail me to walding714@yahoo.com
2007-01-23 11:30:32 · answer #6 · answered by walding714 2 · 0⤊ 1⤋