Debt & Credit Card Consolidation Might Be A Solution For Tier 5
By Stephanie Robins on August 2, 2010, 11:01 am Posted in Economy NewsMany people that are unemployed are relieved to have Tier 5 funding for their unemployment benefits. This final tier level will extend their benefits out for a couple of more months; hopefully long enough to find employment. During this critical time, recipients of Tier 5 benefits may wish to consider debt consolidation. Debt consolidation can help reduce monthly bill obligations and make their unemployment income go a little further. Finding, and using, any type of financial help during your unemployment is a benefit you cannot afford to overlook.
What Can Credit Card Consolidation Do For Me While Unemployed
Unemployment is hard enough without having to worry about making credit card payments. Unemployment benefits are very small, only about $300 a week, and barley enough to buy food and rent with. Credit cards, while necessary for many things, become a hindrance when your income is very limited. Using a debt consolidation program will help you reduce your debt and bring the payment down to one you can afford on your limited income. Debt consolidation will keep you out of bankruptcy and help you maintain good credit during hard times.
Shouldn’t I Just File Bankruptcy
Filing bankruptcy is always an option, but it is never a good one. Financial times may be very difficult right now, but they will not remain that way. When you file bankruptcy the case will remain on your credit file for 10 years. That is an entire decade of bad credit. When you realize that this will stunt most of your financial recovery once you return to work, you will see why debt consolidation is the right decision. Debt consolidation will reduce your debt and your monthly payment without damaging your credit like bankruptcy.
Related posts:
- COBRA Subsidy Extension 2010: Debt Consolidation Will Be Needed
- New Tips To Debt Consolidation And Not Badly Damaging Your Credit Score
- Debt Consolidation Is Big Business For Debt Help In Today’s Economy
- Debt Consolidation: Latest Ways To Arrange A Repayment Plan
- Latest Debt Consolidation Programs To Lowering Your Monthly Payments
No tier 5 has been passed where did you get this info
Stephanie Robins, what planet are you on?? Tier 5 has not been passed (yet). Obviously you are just trying to make money with your so-called debt consolidation company and not coherent as to what is really going on in our country.
FACT: Tier 5 does not exist, and hasn’t even been introduced in the legislture.
FACT: Within 10 days after a bankruptcy you will be “hounded” by companies wanting to grant credit to you.
FACT: About 50% of the “new” jobs are part time. Congress and the Senate only work part time (and are highly overpaid).
FACT: We need to send lay off notices to them at the polls, and let the lot of them starve in 99 weeks.
FACT: Most legislators at all levels have their pockets filled so full of political markers, that they really do not need their jobs in the first place.
this site is a scam at worst, and nonsense at best.
Start recording your interview calls and put them on youtube because some people don’t believe it unless they hear proof.
One thing you should all be worried about is that many employers are not hiring people because they are doing credit checks and since your credit has gotten worse to bad, you aren’t going to get hired at many places unless congress pushes to ban the descrimination of credit checks against those who are long term unemployed. Otherwise it could end up being a very vicious cycle where it gets harder the longer you are unemployed to ever get a job. Even walmart, target and best buy do credit checks before hiring. This is the new hot topic that is floating around the internet that many of the unemployed have taken big hits to their credit and are also punished when applying because of credit checks.
BREAKING NEWS: AUG 4TH
Sen. Stabenow Introduces Tier 5 Unemployment Extension 2010
The Tier 5 unemployment extension 2010 bill is cosponsored by Senators Charles Schumer (D-NY), Harry Reid (D-NV), Dick Durbin (D-IL), Carl Levin (D-MI), Bob Casey (D-PA), Chris Dodd (D-CT), Sherrod Brown (D-OH), Jack Reed (D-RI), and Sheldon Whitehouse (D-RI), according to a message posted on her website.
Source: stabenow.senate.gov/press/2010/080410Americanswanttoworkact.htm
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