Economy downfall causes job loss

March 31st, 2009 by admin

Due to the decline of our economy, I lost my management job of twelve years at a major chain store.  My debt had already been just barely manageable; however without this income I was only able to make minimum credit card payments for a few short months and used what little savings I had to due so.  I had found part time work and my main objective was to scrape up enough money to pay my mortgage each month.  My wife and I have two small children and we both worked part time jobs at opposite times of day to avoid having any daycare expenses.  We were able to pay our mortgage, however we defaulted on every credit card we had.  Fortunately I finally found a “good” paying full time job.  My wife and I are enrolled in a credit card debt settlement program, our debt has been reduced by close to half, and we look forward to being deft free by September 2009. 

Posted in Business