| |
ddebs87
We Will Never Forget
PeaNut 267,324
July 2006
Posts: 916
Layouts: 4
Loc: Iowa
 |  Posted: 2/10/2013 7:27:54 PM
This is how desperate we are. I don't want to do it. This is our home. We have been here 18 years. Our 10 year old son died here in his bedroom.
I even wrote to Ellen Degeneres since she helps families. We have been married 25 years and I think my husband is deserving. Our student loan debt hangs over our head. I wish we had never went back to school. We did it thinking it would better our family but all it has done is put a target on us for debt.
I am so sad. We have been through enough and I don't want to lose my home. Our friends have no idea how financially desperate we are.
Thanks for your opinions. | |
|
He**inWA
*Clever Pea Title Here*
PeaNut 220,816
August 2005
Posts: 8,902
Layouts: 2
Loc: Hidden under a pile of scrap!
 | Posted: 2/10/2013 7:32:43 PM
Personally, I would not.
Have you looked into a loan consolidation?
www.loanconsolidation.ed.gov/ |
He**inWA
  
'Where you used to be, there is a hole in the world, which I find myself constantly walking around in the daytime, and falling in at night. I miss you like hell' -Edna St. Vincent Millay | |
|
|
Katybee
PeaFixture
PeaNut 379,678
June 2008
Posts: 3,317
Layouts: 11
Loc: Enjoying the summer sun!
 | Posted: 2/10/2013 7:34:23 PM
Have you consolidated your loans? Student loans should have very low interest rates. Have you asked for a deferment? That might help you get back on your feet. |
|
|
ddebs87
We Will Never Forget
PeaNut 267,324
July 2006
Posts: 916
Layouts: 4
Loc: Iowa
| Posted: 2/10/2013 7:38:20 PM
We were told we don't qualify for a loan modification on our home. We have been doing deferments on our student loans but we are afraid they are soon going to require us to pay or they will garnish our wages. | |
|
mdoc
Peaing under the Radar
PeaNut 61,691
January 2003
Posts: 11,821
Layouts: 0
Loc: In the Middle
 | Posted: 2/10/2013 7:39:12 PM
Do you have a lot of equity in your home? Do you benefit from the mortgage tax deduction? How does rent in your area compare to all of your costs of ownership? Would the house sale pay off the loans? What would the transaction costs be? What I would do would depend on the total picture. | |
|
Christine58
pea'rific teacher Union President
PeaNut 164,125
August 2004
Posts: 21,112
Layouts: 0
Loc: Western NY
 | |
freecharlie
Is the pool open yet?
PeaNut 109,127
September 2003
Posts: 19,238
Layouts: 4
Loc: Colorado
 | Posted: 2/10/2013 7:43:48 PM
No, I would not.
You can defer student loans, consolidate them, and ask for a longer time to repay them. The standard student loan repayment is 10 years, you can spread it out for much longer. |
| Tribbey: I believe, as long as Justice Dreifort is intolerant toward gays, lesbians, blacks, unions, women, poor people, and the first, fourth, fifth, and ninth amendments, I will remain intolerant toward him! [to Ainsley] Nice meeting you | |
|
|
msbee
Mommy Peas-alot
PeaNut 100,930
August 2003
Posts: 14,199
Layouts: 118
Loc: nc
| Posted: 2/10/2013 7:46:02 PM
I will probably get slammed for this. If you haven't co-mingled your loans with your husbands don't do it. Keep them seperate. If something happens and one of you dies the student loan would die with you. If you put your loans together the surviving spouse is responsible for both loans. If you have enough life insurance to not worry about it then it's mute. |
|
|
WannaPea
No Peas for you ! Come back one year!
PeaNut 151,172
June 2004
Posts: 26,834
Layouts: 175
Loc: In my PJ's
| |
Pretty In PeaNK
PeaFixture
PeaNut 417,489
March 2009
Posts: 3,985
Layouts: 2
| Posted: 2/10/2013 7:50:49 PM
I would never compromise where I live for debt, personally. Debt is debt, your home is where you live.
Can you sell stuff to help pay it down? Perhaps get an extra job bringing in extra income? |
| "How are we going to get rid of racism? Stop talking about it!"--Morgan Freeman | |
|
|
MergeLeft
Typical Liberal
PeaNut 221,236
August 2005
Posts: 19,082
Layouts: 67
Loc: Houston
| Posted: 2/10/2013 7:56:04 PM
I hope this doesn't seem insensitive, but are you both working? Is either of you able to take a second job temporarily to help pay down the debt?
I hope things get better for you soon. |
|
|
Runner5
Pea All You Can Pea!
PeaNut 36,843
April 2002
Posts: 16,617
Layouts: 25
 | Posted: 2/10/2013 7:57:59 PM
Are the student loans and mortgage your only debts?
What is the total that you owe on them? |
|
|
ddebs87
We Will Never Forget
PeaNut 267,324
July 2006
Posts: 916
Layouts: 4
Loc: Iowa
| Posted: 2/10/2013 7:58:10 PM
I haven't heard of a mortgage tax deduction, I will have to check into that. I am worried about our tax refund too. Our furnace and air are original and need replaced. Our refund will not be enough, but it would be a start. I even sold my SUV, have been purging and selling things online.
I would like to get a part time job to help, but so many do credit checks now and not sure if they would hire me. Thankfully I am teaching, although not full time. I am freaked out about the govt. because if they cut the education budget, I am screwed. | |
|
moodyblue
PeaAddict
PeaNut 346,032
November 2007
Posts: 1,623
Layouts: 0
 | Posted: 2/10/2013 8:00:04 PM
Can you sell stuff to help pay it down? Perhaps get an extra job bringing in extra income?
These are my thoughts also. Are both of you working? Can either of you, or both, get a second job? It sounds like you may not be getting any benefit from the education the loans paid for, but can you get any other kind of second job? If income is a problem, then you need to look to increase that, either through selling things or bringing in more from working. | |
|
**JoJam**
Peace Out Girl Scout
PeaNut 80,420
April 2003
Posts: 9,839
Layouts: 75
Loc: monitoring lucy
| Posted: 2/10/2013 8:04:00 PM
I drove my car for 15 years--didn't buy anything new or new to me--until my student loan was paid off. I thought it was never going to paid off. I feel for you. |
ttfnjoanna
***********
"Like what you do, do what you like."--Life is Good
"I've made some empty promises in my life. That was by far the most generous." Micheal Scott. | |
|
|
writermom1
Thrift Whisperer
PeaNut 114,407
November 2003
Posts: 22,289
Layouts: 66
Loc: At the intersection of Hooterville and Stars Hollow
| Posted: 2/10/2013 8:21:03 PM
No.
You have my sympathy. I hope things turn around for you. |
|
|
freecharlie
Is the pool open yet?
PeaNut 109,127
September 2003
Posts: 19,238
Layouts: 4
Loc: Colorado
| Posted: 2/10/2013 8:27:09 PM
I would like to get a part time job to help, but so many do credit checks now and not sure if they would hire me
Where are yo planning on living if you sell your home? I would assume you would rent but if your credit is so bad you are worried about applying for jobs, how are you going to qualify to rent?
Also, just because you aren't sure if they would hire you, it doesn't mean you shouldn't apply.
Have you looked into working at an after-school program in your district? Tutoring? Going full time?
I really do understand. We shell out close between $500 and $700 per month in students loans. It is quite a lot of money, but because of our education, we make money. |
| Tribbey: I believe, as long as Justice Dreifort is intolerant toward gays, lesbians, blacks, unions, women, poor people, and the first, fourth, fifth, and ninth amendments, I will remain intolerant toward him! [to Ainsley] Nice meeting you | |
|
|
peapermint
Ancient Ancestor of Pea
PeaNut 9,321
January 2001
Posts: 8,592
Layouts: 0
Loc: all up in your business
 | Posted: 2/10/2013 8:36:26 PM
I'm so sorry.
No, I would not sell my home to pay student loans.
I'm not advocating this, but my brother has been in default on his student loans for years (maybe 5 years?) and they still haven't gotten around to garnishing his wages.
My DH was able to defer his many, many times over the years before we paid them off.
I would consider selling one's home a VERY last resort. | |
|
moveablefeast
do justice, love mercy
PeaNut 265,707
June 2006
Posts: 11,118
Layouts: 0
Loc: Northern Virginia
| Posted: 2/10/2013 8:36:30 PM
It depends on how much student debt you have, how much equity you have in your house, your income, how close you are to retirement...
We took on a significant but not overwhelming amount of student debt a few years ago for my DH's master's degree. We are still paying it off. Only the most extreme circumstances would make it worthwhile to sell the house. One, we don't have enough equity in the house to pay off the student debt. Two, rent here is high and there is not a dollar-for-dollar cost savings on this one. Three, we've been paying on this house for years, and we've paid in a lot of interest - you pay most of the interest in the first years of paying your mortgage, and we're at the stage now where we're paying more principal, so it makes sense to stay put and keep paying it. This is our scenario, obviously, and yours may or may not be different.
But if we could sell, buy smaller, and pay off the student debt all at the same time, that might make a lot of sense.
ETA: My DH mentioned that there is a student loan forgiveness program and you might qualify for it because of the hardship you are facing with your treatment, as you mentioned below in your post. I think you should call the holder of your loan and talk about loan forgiveness. | |
|
ddebs87
We Will Never Forget
PeaNut 267,324
July 2006
Posts: 916
Layouts: 4
Loc: Iowa
| Posted: 2/10/2013 8:36:54 PM
I am 9 weeks post op from surgery removing cancer. I willing to try to get a part time job, I just get tired easy. I will get checking into some places this week. | |
|
Katybee
PeaFixture
PeaNut 379,678
June 2008
Posts: 3,317
Layouts: 11
Loc: Enjoying the summer sun!
| Posted: 2/10/2013 8:39:44 PM
I am 9 weeks post op from surgery removing cancer. I willing to try to get a part time job, I just get tired easy. I will get checking into some places this week.
Have you tried to get a deferment? I would think this would be a good excuse... |
|
|
freecharlie
Is the pool open yet?
PeaNut 109,127
September 2003
Posts: 19,238
Layouts: 4
Loc: Colorado
| Posted: 2/10/2013 8:43:49 PM
We have been doing deferments on our student loans but we are afraid they are soon going to require us to pay or they will garnish our wages.
I'm confused. Are you in deferment currently? If you are, there shouldn't be any payment due. If the deferment is set to end, call the student loan people and talk to them about your option. They will not garnish your wages until you are in default and have been in default for a while. |
| Tribbey: I believe, as long as Justice Dreifort is intolerant toward gays, lesbians, blacks, unions, women, poor people, and the first, fourth, fifth, and ninth amendments, I will remain intolerant toward him! [to Ainsley] Nice meeting you | |
|
|
ddebs87
We Will Never Forget
PeaNut 267,324
July 2006
Posts: 916
Layouts: 4
Loc: Iowa
| Posted: 2/10/2013 8:46:15 PM
We have deferred now for 3 years. I think that is the limit. If so, we will be required to start paying in April. | |
|
Epeanymous
StuckOnPeas
PeaNut 15,108
May 2001
Posts: 2,159
Layouts: 1
| Posted: 2/10/2013 8:51:57 PM
Have you looked into income-based repayment? Are you eligible? | |
|
freecharlie
Is the pool open yet?
PeaNut 109,127
September 2003
Posts: 19,238
Layouts: 4
Loc: Colorado
| Posted: 2/10/2013 8:52:44 PM
Okay, the month it ends they will send you a letter that tells you how much you will owe a month and when it will start. If that isn't do-able, call them and talk to them. Tell them what you can afford and see if they will let you pay that for a while.
They have different options. They have income sensitive, longer payment period, and one or two others. Take advantage of them. |
| Tribbey: I believe, as long as Justice Dreifort is intolerant toward gays, lesbians, blacks, unions, women, poor people, and the first, fourth, fifth, and ninth amendments, I will remain intolerant toward him! [to Ainsley] Nice meeting you | |
|
|
PeaJaneRun
StuckOnPeas
PeaNut 202,203
April 2005
Posts: 2,731
Layouts: 0
| Posted: 2/10/2013 8:54:36 PM
If you've been in your house 18 years then you should have close to half of it paid off and it should be worth what you paid for it. I would look into adding my student loans and refinancing the whole thing together. At least run the calculator. You may find it's less per month to pay on all of them than your original mortgage payment! | |
|
eebud
Doxie Pea Mom
PeaNut 52,841
October 2002
Posts: 30,992
Layouts: 25
| Posted: 2/10/2013 9:00:19 PM
There isn't any where near enough information in this thread to know if I would sell my home or not. If I sell my home, will there be enough to completely pay off the loans? If you sell your home and have to rent, how much will rent be per month vs. how much are you paying for your house? If you have lived in your home for a very long time, your monthly payment might be very small compared to what it will cost you to rent. You do have maintenance on the house that has to be taken into consideration too. How bad is your credit? Will you be able to get approved to rent?
My answer might be yes but it might be no. There are way too many questions to answer. I would look for other ways to come up with the money first including a full time job instead of part time and maybe even a 2nd job. I see you have been dealing with cancer treatments. I am so sorry you have had to deal with this and I am sure you are worn out easily. Maybe for now your DH needs to get a 2nd job while you look for full time employment.
I wish we had never went back to school. We did it thinking it would better our family but all it has done is put a target on us for debt.
I found this comment interesting. Every time someone comes to the peas asking if they should go back to school, almost everyone here says to go for it. It is usually someone that already has a decent job, etc. I am one of the only ones that usually says I would not put my family in debt to do it. If I had the money to pay cash, without jeopardizing retirement funds or emergency funds, then yes, I would go back. If not, I would save the money to pay for school first. This does not apply to someone who needs an education to just make a living but even then, I would choose my school carefully so that I was able to limit the amount of debt I ended up with. |
 
Hans on left, Bud in middle, Gretchen on right | |
|
|
Mallie
BucketHead
PeaNut 574,604
December 2012
Posts: 686
Layouts: 0
| Posted: 2/10/2013 9:04:11 PM
I would like to get a part time job to help, but so many do credit checks now and not sure if they would hire me.
A minimum wage job isn't going to do a credit check. If they did, they probably wouldn't be hiring anyone as the people needing minimum wage jobs generally have lousy credit by virtue of the fact that they have no money. | |
|
scrapcreator
legend in my own mind
PeaNut 6,186
August 2000
Posts: 7,094
Layouts: 48
Loc: Inland Empire
| Posted: 2/10/2013 9:10:10 PM
You mentioned that you are teaching part-time? Teachers in certain schools (very low income, program improvement) often qualify for a loan reduction. If that is the case, check with your school district to see if you might qualify.
Jeanne |
Boogity, boogity, boogity!
A NASCAR family supporting #24, #29, and #4
 | |
|
|
ddebs87
We Will Never Forget
PeaNut 267,324
July 2006
Posts: 916
Layouts: 4
Loc: Iowa
| Posted: 2/10/2013 9:13:58 PM
I do work in a specialty area for teaching, but they only do loan reduction for full time teachers. They are not willing to pro-rate it, I asked.  | |
|
cbee
PeaAddict
PeaNut 383,986
July 2008
Posts: 1,044
Layouts: 18
Loc: Washington
| Posted: 2/10/2013 10:18:49 PM
I sold the best house and paid off all my debts...credit cards too. And the relief was amazing. Would do it again too. Since then we have been able to stay out of the same level of debt. Interestingly, we will now start paying off the student loans of our children who still have some college years left. This will take a very long time. However, once again our current house is the fall back plan. For some reason I have always tried to see stuff as just stuff. I guess living in earthquake country makes you see reality...that is to say, we could lose it all from earthquake and fire. And there will be no warning. Just keeping perspective. |
|
|
Luvnlifelady
Ancient Ancestor of Pea
PeaNut 289,166
December 2006
Posts: 17,318
Layouts: 7
Loc: Southern California
| Posted: 2/10/2013 10:34:30 PM
Could your community/church do a fundraiser for you? Based on your treatments and the loss of your DS (so sorry to read about that), I'm sure there are some that would be willing to help. Maybe even someone with a direct sales company.
|
|
|
peapermint
Ancient Ancestor of Pea
PeaNut 9,321
January 2001
Posts: 8,592
Layouts: 0
Loc: all up in your business
| Posted: 2/11/2013 1:10:59 AM
| |
|
UkSue
AncestralPea
PeaNut 428,374
June 2009
Posts: 4,229
Layouts: 2
Loc: Greater London
 | Posted: 2/11/2013 3:18:19 AM
I have no advice about your student loans, but I just wanted to say how sorry I am for your situation, and that I will pray for you. You sound so flat in your post and are still in the recovery period for your treatment, so that things probably seem more overwhelming right now. I hope you recover quickly and fully and find a workable solution.
Do you have a really good friend you can share this with? I am sure sharing this with someone face to face and getting a hug from a friend would help you more than you would imagine. |
| Love is short, forgetting is long, and understanding longer still. | |
|
|
Nicole in TX
The Peas did what we do and went insane over it
PeaNut 16,696
June 2001
Posts: 18,162
Layouts: 65
Loc: Not so obvious
| Posted: 2/11/2013 3:28:20 AM
I wish you the best in your recovery as well.
If you are applying for education jobs.... I have never heard of a public school district doing a credit check for employment. I would make that the least of my worries at this point. |
|
|
Shih Tzu Mommy
Million dollar camera, 10 dollar lock!
PeaNut 224,352
September 2005
Posts: 23,525
Layouts: 0
Loc: Right here
| Posted: 2/11/2013 3:33:40 AM
No, I would not sell my home to pay student loans. If you have been in your home 18 years it must be nearly paid off. Why not refinance and pay the loans with the proceeds and at least have the tax write off for the interest?
Did you both go back to school? How much debt are you talking about? And how long ago did you go to school?
What do you expect Ellen to do and why? You say your husband is deserving--but of what?
And a home purchased 18 years ago I would imagine is much less expensive than rent would be now. |
Dog people are a special breed! | |
|
|
recap.pea
StuckOnPeas
PeaNut 288,074
December 2006
Posts: 2,972
Layouts: 0
| Posted: 2/11/2013 3:35:09 AM
No, I wouldn't sell my home for that |
|
|
child of grace
Ancient Ancestor of Pea
PeaNut 274,600
August 2006
Posts: 7,251
Layouts: 0
| Posted: 2/11/2013 6:29:50 AM
If you sold your home, would you have any money left to buy a decent smaller home? If so, I would sell it and get that debt paid off!
| |
|
voltagain
OklaPhoma
PeaNut 18,334
July 2001
Posts: 35,112
Layouts: 15
Loc: State of cultural confusion. Yeehaw and Aloha have collided!
| Posted: 2/11/2013 6:37:23 AM
You need to research what you can realistically expect to get for your house in your market. AND what you will be looking at for rent. My guess is after 18 years that the rental market is going to be more expensive than your current house payment plus school loan payment.
Also, if you are worried that a credit check will keep you out of the job market be aware rentals also do credit checks.
I'd be looking for more work than part time. Apply for everything you can find. You may be surprised at who doesn't do credit checks or are ok with your credit history. But you won't get a job if you don't put in the applications. |
|
|
bridgyree
BucketHead
PeaNut 218,303
August 2005
Posts: 913
Layouts: 18
Loc: Pennsylvania
| Posted: 2/11/2013 8:15:20 AM
Honestly? No, never. Unless I was in debt all around and couldn't afford my mortgage and house bills it wouldn't be a consideration.
There are so many options. I found out when I lost my job about 4 years ago that you can also defer 56 months of payments...the interest keeps adding but for two months it was a blessing. Once working I was able to make much bigger payments and get ahead of the game. Check into that also.
I would like to get a part time job to help, but so many do credit checks now and not sure if they would hire me
Between my husband and I, the only time a credit check has been done was when he started teaching a class at the Federal Prison, and when he did that they checked into every tiny aspect of his life. I think you'd be surprised. Just apply and see what happens. | |
|
*Delphinium Twinkle*
I'm just a pea:)
PeaNut 163,613
August 2004
Posts: 68,139
Layouts: 236
Loc: *Sunny Southern California*
| Posted: 2/11/2013 9:07:04 AM
I've never had a credit check for a job.
If you're not working, and you're capable of doing so, why on earth are you considering selling your home?
Get a job. Any job. McDonald's if you have to.
Seriously. Any money in is better than none.
And you can use it to help save your home by paying your student loans |
|
|
kelbel827
PeaAddict
PeaNut 87,669
May 2003
Posts: 1,044
Layouts: 2
| Posted: 2/11/2013 9:16:28 AM
I went to see consumer credit counselling. The real people who help you pay off and rebuild credit. They were able to help with my private student loans. I got my payments way down. Good luck. Oh, wouldn't sell my house | |
|
cmccasandra
BucketHead
PeaNut 252,301
March 2006
Posts: 981
Layouts: 0
| Posted: 2/11/2013 9:38:08 AM
Yes I would. It beats going into deferment. Sometimes you have to make decisions that you don't want to, to get out of a situation. Later you can get another house and not have this debt hanging over your heads.
Sell it, if you have equity in it to make a huge dent in the loans.
You might try writing, twitting Suze Orman. She has great advice on student loans. This is a major issue in the US. She may even have advice on her website.
I agree with the poster that said don't co-mingle them. If they are in separate names keep them that way.
|
|
|
cmccasandra
BucketHead
PeaNut 252,301
March 2006
Posts: 981
Layouts: 0
| Posted: 2/11/2013 9:38:21 AM
Yes I would. It beats going into deferment. Sometimes you have to make decisions that you don't want to, to get out of a situation. Later you can get another house and not have this debt hanging over your heads.
Sell it, if you have equity in it to make a huge dent in the loans.
You might try writing, twitting Suze Orman. She has great advice on student loans. This is a major issue in the US. She may even have advice on her website.
I agree with the poster that said don't co-mingle them. If they are in separate names keep them that way.
|
|
|
justalittletike
AncestralPea
PeaNut 434,313
August 2009
Posts: 4,497
Layouts: 26
| Posted: 2/11/2013 9:50:16 AM
I'm a police dispatcher and they do a full personal history statement back to high school, liar detector test, psych test, drug test, typing test, board interview.. But NO credit check. They don't care if you are in debt. That is the whole point in getting a job.
Throw yourself out there. Gl |
|
|
He**inWA
*Clever Pea Title Here*
PeaNut 220,816
August 2005
Posts: 8,902
Layouts: 2
Loc: Hidden under a pile of scrap!
| Posted: 2/11/2013 10:17:56 AM
If you haven't co-mingled your loans with your husbands don't do it. Keep them seperate.
It never occurred to me to mention that.
I completely agree to not co-mingle those loans .... you never know what will happen in the future.
Even if you can get a deferral on just your loans due to health issues, it will help
|
He**inWA
'Where you used to be, there is a hole in the world, which I find myself constantly walking around in the daytime, and falling in at night. I miss you like hell' -Edna St. Vincent Millay | |
|
|
He**inWA
*Clever Pea Title Here*
PeaNut 220,816
August 2005
Posts: 8,902
Layouts: 2
Loc: Hidden under a pile of scrap!
| Posted: 2/11/2013 10:28:30 AM
I am 9 weeks post op from surgery removing cancer. I willing to try to get a part time job, I just get tired easy. I will get checking into some places this week.
op, are you cleared to go back to work?
The mortgage interest deduction that is being mentioned is done on schedule A, only applies to your primary home and the home itself must be collateral for the loan.
As a pp said, we can only offer suggestions, but not know the entire situation (and that really isn't a good idea to post), I'd suggest credit counseling and looking into deferment or a payment reduction, etc.
I hope you can work this out.
ETA: depending on the interest paid per month on your home loan, it may not help you to file schedule A. I was in that situation for many years. |
He**inWA
'Where you used to be, there is a hole in the world, which I find myself constantly walking around in the daytime, and falling in at night. I miss you like hell' -Edna St. Vincent Millay | |
|
|
social worker pea
PeaAddict
PeaNut 91,100
June 2003
Posts: 1,181
Layouts: 8
| Posted: 2/11/2013 11:08:01 AM
Please, please look into Income Based Repayment. It has been a life saver for my husband and I. It's a really great program that is under utilized.
Jamie | |
|
eebud
Doxie Pea Mom
PeaNut 52,841
October 2002
Posts: 30,992
Layouts: 25
| Posted: 2/11/2013 12:52:46 PM
The mortgage interest deduction that is being mentioned is done on schedule A, only applies to your primary home and the home itself must be collateral for the loan.
And second home but I assume that OP doesn't have a second home. |
Hans on left, Bud in middle, Gretchen on right | |
|
|
busypea
boring + nerdy
PeaNut 52,817
October 2002
Posts: 25,150
Layouts: 145
Loc: Oregon
| Posted: 2/11/2013 1:03:07 PM
It is a lot harder to find a rental with bad credit than it is to find a part-time job with bad credit. Most jobs that do pull credit aren't looking at FICO (I don't think they even legally can, but not sure on that), they are looking for collections, charge-offs, judgments, etc.. It's going to be fairly rare in retail and other part-time kind of jobs. I wouldn't let that dissuade you from looking for jobs. Even at the bank I work for, where we do pull pre-employment credit, it is pretty rare that someone is not offered a position based on that alone. If you have a $5,000 upaid chargeoff with us, you're not getting a job. But just a few late pays or a heavy debt load? Generally not an issue for most positions.
You clearly feel desperate and I can understand why selling your home seems tempting to fix this problem, but I don't think it's the best solution for you.
There have been a lot of good recommendations here. Look into income-based repayment. Look for a part-time job.
Good luck to you. Your desperation is clear and I hope you can find a solution that will make things easier for you. You've had a lot to deal with recently  You can overcome this without giving up your home. | |
|
