Suppose for a moment that you have lost your job for one reason or other. You made a fairly good income and now you are facing a period of time collecting unemployment benefits that of course are considerably less than what you had earned at your job. Let's also take into consideration that the waiting period until you collect your first unemployment check takes you past your due dates on most of your bills and you are charged late charges on some of them. This actually happens a lot!
If you are statistically part of the norm the use of credit and charge cards is probably a part of your lifestyle. These extra bills are much harder to pay on because of your unemployment income and some of them may go unpaid or the bare minimum in charges are being paid.
As so often happens, a month may come when you don't have quite enough money to pay one or two utility bills. You know, a birthday, a doctor visit or something that demands immediate payment for service or product. You tell yourself that you will make double payments on the next month and you keep your word on that. But now there isn't enough to pay your credit and/or charge card bills and on and on and on.
You may be getting collection calls from your creditors or threatening letters in the mail. Although you may feel all alone in your predicament, trust me you're not alone. This is happening to thousands upon thousands of people in the same boat as you. What most of you fail to understand however, is that behind the scenes something much more sinister is developing.
I imagine you want to get back to work as soon as possible and get all your bills paid up. You have been applying for so many jobs that your head is spinning. Unemployment benefits just aren't cutting it. Despite this you have been interviewing, submitting resumes on line and networking with everyone you know. You have also decided to take a lower-paying job than you had before and even in a job that you may not be that experienced.
Here's the thing most job applicants don't know. Many, many companies now run a credit report on job applicants. Your recent late-payments and what might appear to be a non-payment history is now working against you. If you have ever seen a credit report there are no explanations as to why payments were late. The three major credit-reporting companies Equifax, Experian and Trans Union only show your credit score which is calculated on a timely payment, late payment or non-payment basis. Oh, and by the way your score has dropped considerably since you got behind on your bills. If you had a car repossessed or lost your home through default your credit is now as bad as it can get.
To sum up, losing a job (even through no fault of your own) can cause a domino effect that will not only ruin your credit rating but it will negatively impact your chances of getting another job, too. With the jobless rate being as high as it is and the possibility of any kind of recovery being as slim as it is, I can only recommend that people begin thinking of alternative ways to earn a living.
Turning to crime and robbing 7-Eleven stores or banks sure isn't the answer to your problems but becoming an Internet affiliate like I did could sure put some money in your pocket. You don't want to give up on yourself and just quit. Your situation may seem pretty bad right now but I have to tell you, what you know and the talents you have are marketable. You just need to find out from those who know what they're doing how to capitalize on YOU. - 31955
If you are statistically part of the norm the use of credit and charge cards is probably a part of your lifestyle. These extra bills are much harder to pay on because of your unemployment income and some of them may go unpaid or the bare minimum in charges are being paid.
As so often happens, a month may come when you don't have quite enough money to pay one or two utility bills. You know, a birthday, a doctor visit or something that demands immediate payment for service or product. You tell yourself that you will make double payments on the next month and you keep your word on that. But now there isn't enough to pay your credit and/or charge card bills and on and on and on.
You may be getting collection calls from your creditors or threatening letters in the mail. Although you may feel all alone in your predicament, trust me you're not alone. This is happening to thousands upon thousands of people in the same boat as you. What most of you fail to understand however, is that behind the scenes something much more sinister is developing.
I imagine you want to get back to work as soon as possible and get all your bills paid up. You have been applying for so many jobs that your head is spinning. Unemployment benefits just aren't cutting it. Despite this you have been interviewing, submitting resumes on line and networking with everyone you know. You have also decided to take a lower-paying job than you had before and even in a job that you may not be that experienced.
Here's the thing most job applicants don't know. Many, many companies now run a credit report on job applicants. Your recent late-payments and what might appear to be a non-payment history is now working against you. If you have ever seen a credit report there are no explanations as to why payments were late. The three major credit-reporting companies Equifax, Experian and Trans Union only show your credit score which is calculated on a timely payment, late payment or non-payment basis. Oh, and by the way your score has dropped considerably since you got behind on your bills. If you had a car repossessed or lost your home through default your credit is now as bad as it can get.
To sum up, losing a job (even through no fault of your own) can cause a domino effect that will not only ruin your credit rating but it will negatively impact your chances of getting another job, too. With the jobless rate being as high as it is and the possibility of any kind of recovery being as slim as it is, I can only recommend that people begin thinking of alternative ways to earn a living.
Turning to crime and robbing 7-Eleven stores or banks sure isn't the answer to your problems but becoming an Internet affiliate like I did could sure put some money in your pocket. You don't want to give up on yourself and just quit. Your situation may seem pretty bad right now but I have to tell you, what you know and the talents you have are marketable. You just need to find out from those who know what they're doing how to capitalize on YOU. - 31955
About the Author:
Looking to find the most economical way to start a home business, then visit http://theglobalcashmachine.blogspot.com/ to find the best advice on becoming an Internet Affiliate.
