Loss of Income
Loss of income is devastating!
Here's what you need to do . . .
When your income drops (or disappears) you are hit hard, two ways! Sometimes it just makes sense to wipe out the debt, and rebuild good credit fast. Here’s how.
Loss of Income . . .
If you’ve had a loss of income, you’re really being hit hard in two ways,
One, of course, is your loss of income,
But the cost of everything is going up.
Inflation is killing us – and when your income drops, it’s a double whammy
Everyone knows that the only way out of debt is to make significantly more than just minimum payments on your bills.
But when the cost of living is sky high and your income has dropped, that becomes impossible.
Instead, what we often end up doing is trying our best to barely stay current on minimum payments.
This takes all our money, so we end up having to charge living expenses.
It’s a vicious circle, and most of what we pay is interest on the debt!
The balances go up, not down.
Many people I counsel tell me that they hope that a second, or even a third job will help pull them through.
They are hoping to scrape along until things get better.
But, this just isn’t realistic.
You can’t work 24 / 7 –at least not for any length of time,
And hoping things will get better, well, I hope so too, we all do,
But I don’t see that happening soon enough.
When your income has dropped, and you honestly don’t see yourself getting out of debt in a reasonable amount of time, you need to explore your options.
You need help now.
For 35 years, I’ve helped over 20,000 families deal with loss of income that keeps them trapped in debt.
We can wipe out your debt, keep your property and actually improve your credit.
As a certified credit counselor, certified debt arbitrator, and board certified bankruptcy specialist, I can help you figure out the best solution to your problems.
You don’t have to work 2 and 3 jobs to try to dig your way out of debt.
There’s a better solution.
Let’s find the one that’s best for you!
Help For Your Situation
Bankruptcy is a difficult and stressful event in your life to go through. Here are some helpful resources that can guide you through considering your options.
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Here are two helpful calculators for managing your debt repayments and Chapter 13 commitments.