I have been out of work for almost a year. I am registered with 8-9 employment agencies, I have applied to countless places, I still don't have a job. I am in California, one of the HIGHEST unemployment rates in the state.
I am one month behind on my car payment, and I am giving up on paying my $30 minimum payment on one credit card, and my $100 minimum on the other credit card. I have already spoken to the credit card agencies, and there's nothing that they can do. They cannot lower the payments.
I can't stand it anymore, I constantly go short on food, and end up eating fish sticks, cup-o-noodles or ramon noodles for 2-3 days just before the next unemployment check. I let my daughter eat the wholesome healthy food.
I dont' see a problem defaulting, and just dealing with the creditors when I have a job. Just 2-years ago, I had a 675 score.
So is life hard with bad credit?
Asked by Anonymous at 11:12 PM on Sep. 22, 2009 in Money & Work
Answer by vabchmommy at 11:22 PM on Sep. 22, 2009
Only when I try to live out of my means its hard.
Parents say it all the time, use cash, and you wont find yourself in that kind of trouble.
The only suggestion I have for you is getting a lawyer to look at your contracts.
They very well may find a loop to get debts eliminated or payments lowered more than the company really wants to go.
If this is a route you might be interested in, consider a Pre-Paid Legal Services Associate to help you sign up for an affordable legal plan.
It will cost you less than a cup of coffee a day and you get grouped with one of their largest clients(so you are important to them).
You can view our legal plans by clicking here.
Answer by IraqiVetWife at 11:24 PM on Sep. 22, 2009
Answer by auroura at 11:31 PM on Sep. 22, 2009
Answer by ohwrite at 11:57 PM on Sep. 22, 2009
Only if you want to get more debt. In some ways it might be easier with a bad credit score because it keeps you away from debt and also paying 20+% in interest.
And ohwrite is wrong. You CAN buy a car and a home without a credit score. It's called cash. And sure it's a pain in the neck to save up for stuff like that-- but at least you aren't paying interest on it.
Answer by Anonymous at 3:50 AM on Sep. 23, 2009
Answer by Anonymous at 8:03 AM on Sep. 23, 2009
Answer by Anonymous at 8:35 AM on Sep. 23, 2009
Answer by Anonymous at 8:56 AM on Sep. 23, 2009
Answer by Anonymous at 10:13 AM on Sep. 23, 2009