Comments on: Q&A: I Have Tons of Debt and Virtually No Income. What Are My Options? http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options Simple, Honest Financial Advice Fri, 10 Feb 2012 03:21:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: carol conway http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options/comment-page-1#comment-1740 carol conway Thu, 26 Mar 2009 21:15:57 +0000 http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options#comment-1740 i owe sears an homedepot like 390 an targets like 290 sears is 1800 i am disabled an have no income yet im constently getting phone calls fron debt collectors but have no way of paying yet what do i do? i owe sears an homedepot like 390 an targets like 290 sears is 1800 i am disabled an have no income yet im constently getting phone calls fron debt collectors but have no way of paying yet what do i do?

]]> By: Neal http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options/comment-page-1#comment-1737 Neal Wed, 29 Oct 2008 14:26:22 +0000 http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options#comment-1737 As a former RA (Resident Assistant) in college I can tell you that there is a near unlimited money making opportunity to be had on campus. First, get a better job! Okay you didn't ask but my lord get real you are working 20 hours a week...lets be honest you could do this job in half of that with some effort as it mainly includes stuffing mail, walking the floors and covering the desk answering questions and phone calls. Even a pizza route on the four nights a week you are not on call can clear you $500 a month after expenses. There are tons of non-university jobs that can be done on campus if you have no vehicle....I sold magazines and cleared a few hundred dollars a month though for the life of me I can't recall the name of the company. Later I worked as an Apple Student Representatives demoing computers and not only got paid but was rewarded with free gadgets including a low end laptop. A great company to work for I might add. Heck start an organization and sell breakfast taco's to make money. The 2-4 hours a day can bring in some serious $$. My fraternity did this each day and we cleared $100 an hour easy four days a week. I think we bought a folding table, table cloth, carboard plates, a hot plate and a steamer and electrical cords. The tacos cost us less than half what we sold them for and when we ran out we packed up. My point is don't think of your RA job as THE job as it leads no where. Think of it as free room and board and LOTS of time to pursue other opportunities! As a former RA (Resident Assistant) in college I can tell you that there is a near unlimited money making opportunity to be had on campus. First, get a better job! Okay you didn’t ask but my lord get real you are working 20 hours a week…lets be honest you could do this job in half of that with some effort as it mainly includes stuffing mail, walking the floors and covering the desk answering questions and phone calls.

Even a pizza route on the four nights a week you are not on call can clear you $500 a month after expenses. There are tons of non-university jobs that can be done on campus if you have no vehicle….I sold magazines and cleared a few hundred dollars a month though for the life of me I can’t recall the name of the company.

Later I worked as an Apple Student Representatives demoing computers and not only got paid but was rewarded with free gadgets including a low end laptop. A great company to work for I might add.

Heck start an organization and sell breakfast taco’s to make money. The 2-4 hours a day can bring in some serious $$. My fraternity did this each day and we cleared $100 an hour easy four days a week. I think we bought a folding table, table cloth, carboard plates, a hot plate and a steamer and electrical cords. The tacos cost us less than half what we sold them for and when we ran out we packed up.

My point is don’t think of your RA job as THE job as it leads no where. Think of it as free room and board and LOTS of time to pursue other opportunities!

]]> By: Cat http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options/comment-page-1#comment-1738 Cat Sat, 04 Oct 2008 01:14:02 +0000 http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options#comment-1738 Dept Help! Dept Help!

]]> By: Meg http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options/comment-page-1#comment-1739 Meg Mon, 29 Sep 2008 21:15:51 +0000 http://www.moneyunder30.com/qa-i-have-tons-of-debt-and-virtually-no-income-what-are-my-options#comment-1739 Do you have any family member (like a parent) whom you can ask for help or for a loan? Also, you should be able to make more than $50 a week doing a variety of jobs - waiting tables, working on campus, retail, whatever. If you've got loans in collections you need to get some income and set up a payment plan NOW. Also, consider how much your debts are. If you're talking about less than $1000 of debt, beg borrow and steal (figuratively speaking) and get it paid off. It's not worth ruining your record and filing bankruptcy. If we're talking $50,000 of debt, that's a different story; bankruptcy might be worth it for a clean start. Weigh the consequences. Do you have any family member (like a parent) whom you can ask for help or for a loan?

Also, you should be able to make more than $50 a week doing a variety of jobs – waiting tables, working on campus, retail, whatever. If you’ve got loans in collections you need to get some income and set up a payment plan NOW.

Also, consider how much your debts are. If you’re talking about less than $1000 of debt, beg borrow and steal (figuratively speaking) and get it paid off. It’s not worth ruining your record and filing bankruptcy. If we’re talking $50,000 of debt, that’s a different story; bankruptcy might be worth it for a clean start. Weigh the consequences.

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