we have moved and are now having a hard time paying bills and most of our credit cards and personnal loans are 5 mths behind. we are at one (low) income and have no money to make these payments? any suggestions are welcome. i am looking for a job but in the meanwhile we are really hurting finacelly. we have even had to move in with my parents which is hard cause we have 2 children. i sure would like some help!
Credit counseling is much better – don't file bankruptcy unless neither one of you have a job. Mow lawns, work at a gas station, grocery store, etc… until you can find the job you want.
Even if you can pay your bills write a letter explaining your current situation – every month – in lieu of the payment – even if you can send $10 with the letter that would be better than nothing. If you don't send them anything they just assume you are defaulting on the loan and will treat it as such.
Once you are back on your feet and paying your bills on time write a letter to the credit bureau regarding you debts with bad credit and explain the move and loss of job. Although this won't replace your bad credit – when creditors do look are your credit report they will see your explanation – instead of thinking you just blew off your bills
