This morning I was flipping through channels and I saw a Q&A topic up on the screen from the (stupid) Mike and Juliet show. It was for a guest (whose name is still unavailable online or in the show’s information) finance adviser. These people amaze me. I mean, aside from the obvious “you don’t understand my situation” aspect of “you have a job, and a nice paying job that requires you to be on television and I have none”, they don’t really have any good advice.
The question today was, “I am $10,000 in debt with credit cards and I’ve lost my job, what do I do?” Well, that was me. That was me for over a year. The financial adviser said, “Call the creditors and tell them your situation. They’ll understand. They want you to be able to pay them off. They don’t want you to go into debt. They’ll give you a temporary grace period to help you through this.”
{snicker} Yeah, right!
When I lost my job, even before I stopped getting paychecks, I called every creditor I had and told them I was unemployed. They all told me, “You still have to pay.” At least Discover offered that insurance bit for if you lose your job, and I tried to enroll in that but they said it was extra money added to my monthly bill and, yeah, I still had to pay because I had to have the insurance for so long of a time before it could go into effect. On top of that they said I’d have to get a written note from my employer about being fired, like an adult version of “please excuse my daughter from gym class” note. Ridiculous.
Even the Juliet chick on the show said, “But then why are they so mean to us (the creditors) when we call them.” The “financial adviser” said, “Because you didn’t tell them you were unemployed.” {snort} I still have creditors calling me saying, “this is a desperate situation and you need to redeem this immediately!” to which I reply with, “I have told your company numerous times for the past year that I am unemployed. I have no money. When I have money, I will pay you.” This, apparently, does not matter. I even have “official” sounding calls like, “we’re from a law office” (I looked up their number by the way on Google, and they’re a creditor, same as the others, and it’s no law office.)
I’ve commented before on the stupidity of some of these financial advisers. The one that killed me was some dark haired girl on a news show, telling this guy who was a full time public school teacher to “get a second job.” As if this girl had any idea how much of your life is sucked out through just teaching. The poor guy was single, had bought a house and just wanted to know if he should use his retirement to pay off his credit card debt. No, he shouldn’t, which I could have told him, because he’ll need that and the credit crunch is temporary. But to just say, “get a second job” like it was nothing was ridiculous in itself because, Hello there aren’t jobs to be had out there!
Where do they find these people anyway?
The moral of my entry today is to do what you think is right and don’t listen to anyone’s advice (this goes for finances as well as anything in your life.) No one knows more about your life and your circumstances that you. I hadn’t worked for over a year, and I had 10 or more calls a day about my credit cards and they aren’t even that large in comparison to what other people have to deal with. Even when I investigated debt consolidation, is said that paying what I could would still keep my debt as “bad” and not clear anything up. I’ve had no new credit cards, no new purchases, nothing except paying for food, gas, bills, rent, insurance, etc. I cannot imagine what families for four are doing with a mortgage and expenses for kids to go along with that. Sheesh.
So I wonder now that the whole world knows none of us can pay for anything anymore. Not the credit cards we used to buy furniture and moving expenses, not our school loans, not our car loans, nothing. I wonder if we’re going to all get some bail out option. That is, dear creditors, when we have the ability to take up these options and pay. There is no sense in being adamant about offering us write off payments when, Hello, we have no money!
I don’t know what that lady was thinking this morning when she said, “Oh just tell them you lost your job and they’ll help you through it. If that’s true, I want that lady to call my credit card companies and my loan companies and tell them that this is what they should do.” Maybe that will stop them from calling me all day and hanging up or “insisting” that I “call immediately” because my “situation is very important.” If it’s that important, then why didn’t they offer me to work as a debt collector at their office to pay it off. Sheesh.
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