Debt After Layoff
For me, my debt started a couple years ago when I was laid off from my full-time job,” said Wanda, a 27-year-old mother of two. “I was making about $50,000 when I got laid off. I lived off my savings. Then I used my credit cards. With my savings account drained, I quickly began to default on on my credit cards,. It’s been rough. After my unemployment ran out, I decided to go back to school. Today, I work part-time while attending graduate school. I am still paying off my credit card debt and having a difficult time paying my student loan debt.