Long story short; a very unfortunate sequence of emergencies coupled with some exuberant spending led to a 200-point nosedive in my credit score in the span of a couple months, with my FICO score sitting at 610 now and $22k deep in credit card debt. All my credit card limits got slashed heavily, which means that my credit utilization went up to 80% in the process. Got about $7k of credit card utilization left. No savings. And here’s the kicker: I was recently laid off.
So here’s my situation: Wages: Unemployment: $1,800/mo
Expenses: Rent: $1,300/mo Utilities: $90/mo Phone: $100/mo Other: $100
That’s it. I applied for food stamps, but not sure if I will receive any (my unemployment pay is higher than the gross max pay that makes you eligible). I will basically live off rice, potatoes and ramen. I live in New York, so I don’t have a vehicle and I’m not at the luxury to enjoy ubers and even monthly metrocard passes right now. Basically applying to jobs in my field at my apartment all day; the less distractions the better. All subscriptions have been canceled. I don't need any of that; at this point I just want to avoid becoming homeless or starving. But this also means that I won’t be able to make any minimum payments to my credit cards until I land a new job to get me back on my feet, and I’ve never missed a single payment.
What are my options here? I don’t have any relatives or friends to ask for favors. Wow i never thought I’d be in this situation. Began the year with a six-figure salary and over 30k in savings and end up not sleeping well at night due to anxiety about basic living necessities. Life comes at you fast. On the bright side, if I make it out of this in one piece I'll have a hell of a story to tell a few years down the line!
Submitted December 20, 2018 at 04:21AM by bluelines42 https://ift.tt/2UZhPkj
