STAYING
AFLOAT
The following are
some techniques that others are using to keep things going. Perhaps one of them can work for you. Some of them can work only if you meet certain
criteria:
● Taking a second mortgage on your home.
● Reverse mortgage – dependent on the amount of equity you have in
your home.
● Borrowing against an existing insurance
policy.
● Working nights while looking for a job - office cleaning,
house sitting, pet sitting, child/adult sitting, and part-time jobs. Check help wanted ads for these.
● Taking an out-of-state job temporarily
while your family stays here.
● Asking a relative or friend to give you
temporary employment.
● Taking a part-time job while looking for
full-time employment.
● Retiring and working part-time.
● Becoming self-employed - small business loans are possible, as
are owner carry-backs.
● Seeking a loan from a relative or close
friend.
● Job Sharing - finding a person with your skills who wants to work
only part-time (some firms encourage this).
● Returning to school for a degree or advanced
degree and applying for financial aid as well as a campus part-time job.
● Joining the military as a career change
- your age is a consideration. The
military provides job security and excellent technical school training.
● Consumer Credit Counseling
CCCS of Greater
Phone: 303-632-2227 or 1-866-260-5994
Offers free credit counseling and
assistance in consolidating bills and lowering the interest rate you pay. They negotiate with your creditors.
● Declaring
bankruptcy - There are dangers to this, especially since after bankruptcy, you must rebuild your credit. However, sometimes this is the right move.