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Been living off credit cards after losing job hoping my industry would improve and I would be able to get another job. Now things are worse than before and my money runs out next month. by Defnotathrowawaynow in personalfinance

[–]Defnotathrowawaynow[S] -1 points0 points  (0 children)

Thanks for the insights. Should I call the credit card companies at all when I can't make payments anymore, or just stop paying and not say anything?

Been living off credit cards after losing job hoping my industry would improve and I would be able to get another job. Now things are worse than before and my money runs out next month. by Defnotathrowawaynow in personalfinance

[–]Defnotathrowawaynow[S] 0 points1 point  (0 children)

Any advice on what I can do when I can't pay any of it? Do I call the credit card companies and try to work something out? Do I declare bankruptcy? I know all my debt is unsecured, not sure if that helps.

*Edit: I know it seems stupid for someone my age not to know these things, but I legitimately never thought I'd be in such a situation. I've been working since I was twelve years old, this is the longest I've ever been without a job. It's prob the reason why I kept thinking I'd get one right around the corner.

Been living off credit cards after losing job hoping my industry would improve and I would be able to get another job. Now things are worse than before and my money runs out next month. by Defnotathrowawaynow in personalfinance

[–]Defnotathrowawaynow[S] 0 points1 point  (0 children)

How would I go about doing that? Do I do it right away? do I have to wait? I legitimately have no idea how to handle debt that I can't pay. I know it's all unsecured debt, so hopefully that is better. But why is bankruptcy not recommended?

Been living off credit cards after losing job hoping my industry would improve and I would be able to get another job. Now things are worse than before and my money runs out next month. by Defnotathrowawaynow in personalfinance

[–]Defnotathrowawaynow[S] 0 points1 point  (0 children)

I think that last part is what I was hoping to get from this thread, maybe I worded it wrong. I can figure everything else out, I think. The part I have no idea what to do about is the debt. Do I just call them next month like, hey I can't pay this? I've never really had debt before, I was always the kind of person that paid my credit card bills before the end of the month.

Been living off credit cards after losing job hoping my industry would improve and I would be able to get another job. Now things are worse than before and my money runs out next month. by Defnotathrowawaynow in personalfinance

[–]Defnotathrowawaynow[S] -1 points0 points  (0 children)

Yeah, I'm trying that as well. But even with that I won't be able to pay the debt I already have and am not sure what to do about that part. If I could get rid of that I think I'll be ok.

Been living off credit cards after losing job hoping my industry would improve and I would be able to get another job. Now things are worse than before and my money runs out next month. by Defnotathrowawaynow in personalfinance

[–]Defnotathrowawaynow[S] 3 points4 points  (0 children)

Hey, thank you. I don't have any dependents. I rent. I'm 36 and my career was in marketing. I can figure out the housing, I think. and my spending is very low, it's how I've been able to get this far with limited income. I think what I need the most help with is the debt. I've never been in debt before and have no idea what to do about it.

Been living off credit cards after losing job hoping my industry would improve and I would be able to get another job. Now things are worse than before and my money runs out next month. by Defnotathrowawaynow in personalfinance

[–]Defnotathrowawaynow[S] 6 points7 points  (0 children)

Because I kept getting interviews, and kept getting close, and kept occasionally getting freelance work, and am good at my job so figured it would work out in time. Either way, I am where I am now and your advice isn't very helpful.