2007-04-23 07:44:25 · 12 answers · asked by vanessaeddiemay 1 in Business & Finance ➔ Personal Finance
What happens is that your debt goes to the roof if you don't get another job soon!
2007-04-23 08:10:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Time to take responsibility. You'd be best to cancel the cards and take whatever job you can get to at least pay the minimums. At least until you find a better job.
Don't file bankruptcy like that dude says up above. That is a very last resort. Creditors may not haunt you but your credit report will be shot to hell for the next 7 years if not more. Forget about buying a house or car or whatever.
Stop using credit cards. If you don't have the cash you don't' need it.
2007-04-23 07:48:40 · answer #2 · answered by Rick 5 · 1⤊ 0⤋
Never, ever ignore the statement...Be proactive and contact the bank or credit card company, and explain your situation. Be honest and discuss carrying the balance, as well as your expectation in getting a new job, unemployment, etc. Expect them to turn off the card to further charging if you have credit troubles, but if you want to save your credit history, it is important you do this. Being a little humble will show them that "their" credit card is a top priority and that you want to make good. It will go a long way.
2007-04-23 07:53:15 · answer #3 · answered by Peter B 3 · 1⤊ 0⤋
There are some ideas, besides the reality that result will variety reckoning on your concern - volume owed, fee heritage merely before unemployment (any neglected/previous due money), and talents too pay interior the destiny. i've got linked some artciles that would help. one element i'd propose is to maintain calling your credit card agencies till you will detect a perfect fee plan. additionally, don't be afraid to seek for out unfastened criminal assisance on your area. Your unemployment workplace ought to have the skill that can assist you you. each and every so often your interior of sight college may additionally furnish comparable centers. stable luck the two with this subject and finding a sparkling activity. that is not trouble-free, yet stay useful - this could be a extreme priority to rebounding.
2016-11-26 23:07:20 · answer #4 · answered by ? 4 · 0⤊ 0⤋
let all the creditors know what happened and see if they can work with you. If you have kids in school- apply for free lunches. Go to your church and ask if they can use the benevolent fund for your bills. Start networking with friends to find another job. Next time- have a networking job on the side so that you are not up against the wall, and work both jobs. Cut the credit cards up- leaving one for emergencies. Eat PB&J and mac and cheese for awhile.
If you have a real estate license- let me know- I have information for you.
2007-04-23 07:56:27 · answer #5 · answered by northville 5 · 0⤊ 0⤋
First contact the credit card companies and explain your situation. They will be more than willing to work with you. There are several agencies that offer help to get you through the rough times. You can start with this one. www.debtconsolidationcare.com
I hope everything works out well for you.
2007-04-23 07:56:06 · answer #6 · answered by wadacious 4 · 0⤊ 0⤋
By all means, call the credit card companies and tell them the problem. Most will try to work something out with you until you get another job. DON'T JUST IGNORE IT! As long as they hear from you, they know you are trying to work it out. If you don't communicate with them, they assume you are trying to get out of paying your debt.
2007-04-23 07:50:22 · answer #7 · answered by caddemd 2 · 1⤊ 0⤋
Call your credit card companies. Let them know your situation. It is best to contact them before they contact you. They are a lot more likely to work with you that way.
Most companies are willing to reduce their payments or cut finance charges for a short period of time.
2007-04-23 07:53:56 · answer #8 · answered by sleepingliv 7 · 0⤊ 0⤋
Dont pay them.yer credit will be screwed but you dont have a job so they cant sue ya. they aint no more debtors prisons.so they cant send you away. Just dont pay em.they probably screwing you with terrible interest anyway.they charge off them cards and they go away after 7 years from your record.need visa card? get visa western union card debit. works just like a visa but YOU load it by prepay at any western union!
one other thang DONT FILE FOR BANKRUPTSY! court orders and court records dont get removed, dont go away from your credit report... while credit cards thats charged off ,do.
2007-04-23 07:55:38 · answer #9 · answered by Anonymous · 0⤊ 1⤋
Get another job. Quick. Sell things you don't need. Move into a smaller place. Ask your folks for help.
2007-04-23 07:49:24 · answer #10 · answered by largegrasseatingmonster 5 · 0⤊ 0⤋