Ask the Dolans: I'm unemployed and in debt. What should I do?
Filed under: Debt, The Dolans, Recession
Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.
Click here to ask Ken and Daria your question.
The unemployment numbers have been skyrocketing lately, leaving many Americans out of work and under a mountain of debt. We know what a terrifying situation this can be to find yourself in. That's why we want to assure you that there are steps you can take to keep up with your payments and get yourself back in the job market. Let's take a look at how exactly you can do that.
Dear Ken and Daria,
I lost my job of 12 years and have fallen behind on payments for several credit cards. What should I do?
-Unemployed
If you have lost your job and are struggling to make ends meet, Ken and Daria can show you how to cope and get back on the right track with their 7-step action plan.
Click here to ask Ken and Daria your question.
The unemployment numbers have been skyrocketing lately, leaving many Americans out of work and under a mountain of debt. We know what a terrifying situation this can be to find yourself in. That's why we want to assure you that there are steps you can take to keep up with your payments and get yourself back in the job market. Let's take a look at how exactly you can do that.
Dear Ken and Daria,
I lost my job of 12 years and have fallen behind on payments for several credit cards. What should I do?
-Unemployed
If you have lost your job and are struggling to make ends meet, Ken and Daria can show you how to cope and get back on the right track with their 7-step action plan.
Reader Comments (Page 1 of 1)
12-01-2008 @ 11:16AM
Kelly said...
False hope! The Dolans advised "unemployed" to seek the help of The national chapter consumer credit counseling to help contact the creditors about the debt. Wrong....the CCC or consumer credit counseling agencies will only help if you have some type of income to repay the debt at a lower rate. I can imagine (wait, I don't have to imagine)that if you are unemployed you will have no money available to pay credit card debt and only able to afford rent, utilities and food. They should have looked closer at what the agency can and will do. No money, they have nothing to bargain with. They will not represent you without the ability of some kind of repayment plan.
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