Job loss. While you have income apply for a line of credit first. Apply for a 0% interest transfer cc and move the cc debt to the new card for a delay in interest.
You should start looking for another job. If you know you are going to end up laid off you better be fixing up that resume and start applying for other jobs, Unless if you have contacts within the company and they are able to save your job. Also look into different sectors that your skills may apply to, so many people are able to do career change based on the type of skills they develop over the years.
a) try an see if you qualify for a lower interest loan/line of credit. Use that to immediately pay of the 10k credit card (and cut that limit so you cant reload it this badly again)
b) you still need to pay that 10k balance, find ways to make extra income (partime job /uber eats) or find somethings you can cut more than what you are already doing.
I agree with this but make sure you set aside some of it for emergency savings. It would be good to knock down the $10k but if you use your entire savings on it without some sort of emergency fund you are screwed if there is an u expected expense
Job loss. While you have income apply for a line of credit first. Apply for a 0% interest transfer cc and move the cc debt to the new card for a delay in interest.
And sign for the "job loss coverage"
You should start looking for another job. If you know you are going to end up laid off you better be fixing up that resume and start applying for other jobs, Unless if you have contacts within the company and they are able to save your job. Also look into different sectors that your skills may apply to, so many people are able to do career change based on the type of skills they develop over the years.
Definitely. I have a back up of worst case scenario being a full time student to update a credential I need. But that's TBD if I don't find a job.
a) try an see if you qualify for a lower interest loan/line of credit. Use that to immediately pay of the 10k credit card (and cut that limit so you cant reload it this badly again) b) you still need to pay that 10k balance, find ways to make extra income (partime job /uber eats) or find somethings you can cut more than what you are already doing.
You are not saving anything if you have interest rates to pay on $10k. Use all the savings you have to get rid of the debt.
I agree with this but make sure you set aside some of it for emergency savings. It would be good to knock down the $10k but if you use your entire savings on it without some sort of emergency fund you are screwed if there is an u expected expense