I recently lost my job and my claim for unemployment benefits is in limbo. I am beyond broke with poor credit, and I am behind in my car payments and mortgage payments. I desperately need my car and a roof over my head, what can I do to keep the wolves at bay until I can get back on my feet? Please help D.i.D. (Damsel in Distress).
2007-07-12 04:10:40 · 10 answers · asked by Igotta Kno 1 in Business & Finance ➔ Personal Finance
The only thing you can do is contact the bank and whomever has the car loan and tell them. Maybe make up a plan to get back on your feet and see if they'll cut you a break.
If they don't, email me in a few months and I'll tell you how to live on the streets. It's not the scary hand-to-mouth thing you think it is.
2007-07-12 04:17:05 · answer #1 · answered by Jess 7 · 0⤊ 0⤋
I am sorry to hear about your recent misfortunes.
The first thing I would suggest you do, is contact the mortgage company, and the bank where you have your two loans. Tell them of your situation, and let them know you have every intention of paying them when you are able.
Next, try to get some sort of income, a cash-paying job would be the best for you, so you can still claim unemployment while you look for a new full time gig.
Then with any money you bring in, of course eat, but as long as you are making an attempt to send the back some kind of money, they should honor your good intentions. I have been told as long as you send something, they can't do much.
Good luck, and hang in there, your luck will change.
Stevo.
2007-07-12 04:22:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Bankruptcy might be the best option, but also consider credit counseling services. They can hold of creditors, and get you on payment plans that you can work with. Usually your car and your house do not apply to that though.
I STRONGLY recommend you get at least a part time job while you are searching for a new job. Deliver pizzas, work at a grocery store, work in fast food, do something to get a few dollars coming in so that at least you can pay your car and your house.
2007-07-12 04:21:41 · answer #3 · answered by teepeetop 4 · 0⤊ 0⤋
I kept one behind two locked gates, the second the entrance to a fenced pole barn. It was also concealed from view by tarps on the fencing. They made numerous attempts, and on one occasion I stepped outside at like one in the morning, after hearing their truck, behind the first gate while they were looking for a way in. When told they were there to repo the car I just smiled and said not tonight or any other night without a court order. They left, but kept driving past, hoping to get lucky. I had money coming, and paid it off completely two months later, but it was fun watching them waste their time. It helped that I worked where there was a gated, secured parking lot, and with no court order they couldn't get it from there either.
2016-05-20 10:43:28 · answer #4 · answered by david 3 · 0⤊ 0⤋
Sell your house and take the equity to use to live in a rented apartment/house. This will buy you time until you get another job.
2007-07-12 04:19:29 · answer #5 · answered by Fred 4 · 0⤊ 0⤋
Basically, only bankruptcy can protect you here. It can slow the process of foreclosure, but it may not be able to stop it. It will only stop it if you can start soon making payments.
2007-07-12 04:15:24 · answer #6 · answered by OPM 7 · 0⤊ 1⤋
Go to your local Legal Aid. This is something they may be able to help you with (especially the house part).
2007-07-12 04:19:23 · answer #7 · answered by Michael B 5 · 0⤊ 1⤋
Bankruptcy but you can't afford to file. Get with your creditors and work out a deal while U/E is resolved, and get back to work.
2007-07-12 04:14:41 · answer #8 · answered by wizjp 7 · 0⤊ 1⤋
Get a job!
2007-07-14 04:21:10 · answer #9 · answered by Flower Girl 6 · 0⤊ 1⤋
Cut and run. Move to Canada.
Go!!!
NOW!!!
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2007-07-12 04:19:01 · answer #10 · answered by Anonymous · 0⤊ 1⤋