Unemployment and the Domino Theory
Suppose for a moment that you have lost your job for one reason or other. You made a fairly good income and now you are facing a period of time collecting unemployment benefits that of course are considerably less than what you had earned at your job. Let’s also take into consideration that the waiting period until you collect your first unemployment check takes you past your due dates on most of your bills and you are charged late charges on some of them. This actually happens a lot!
As you are like most Americans you probably live somewhat beyond your means and depend on credit or charge cards to maintain that lifestyle. Because you are now on a limited income you find it necessary to pay the minimum amounts due on some of those cards and because you still don’t have enough money left over you are forced to pay on some of them every other month.
Still jobless, a month comes when you don’t have enough to pay one or two utility bills. Something comes up like a child’s birthday present, Christmas or some service that requires immediate payment. You promise yourself that you will make a double payment next month and you do. But now you’re short on your credit and charge cards. This kind of thing can go on and on and on.
Now, it is a foregone conclusion that you have already started getting those collection calls and veiled threats in the mail from your creditors. It happens so don’t feel like you are all alone out there. What is happening behind the scenes is what makes this common predicament all the more punishing.
Even though you really are trying to get back to work and pay your bills, things just aren’t coming together as you would like. You don’t like being on unemployment benefits. You want to work! You’re attitude is right and you have been going out all the time applying for jobs. You have submitted resume after resume online as well. Also, you are willing to take a lower-paying job than the one you had before or even one out of your experience.
As to that insidious thing happening in the background while you’re out there job hunting, you will find it depressing to learn that many, many of the companies you have applied at have run your credit report and will not consider you for any position with them. You gave them permission (in the small print) on their company application form to check with one, two or all three of the major credit reporting companies about your credit history. So, even though it may not have been intentional for you to get behind in your bills the cold facts have driven your credit score through the basement. If you have had anything repossessed or lost your home through all this, your credit is now as bad as it can get.
So, even though losing your job might not be attributable to anything you may or may not have done, it can start a domino effect that will not only affect your credit score but ruin your chances of getting a new job, too. Nobody knows for sure what will happen with the job market or when it may improve so I can only recommend that people start thinking of different ways to make a living other than working for somebody else.
Other ways do not include knocking over banks or 7-Eleven stores. I do suggest, however taking the simple step of becoming an Internet affiliate as I am so you can begin a better life for you and/or your family. Though things may seem extremely bleak right now you don’t want to give up on yourself and your capabilities. Begin capitalizing on what you know or on your talents. Be willing to learn a few things from those who can help you. Believe that your knowledge is marketable and find out how to capitalize on it.
Want to find out more about the affiliate business, then visit Ron Knowles’ site on how to choose the best work-from-home businessfor you and your family.
