Rebuilding Financial Stability After Job Loss: Practical Steps and Expert Advice

Richard Hill and Nia Parks delve into the challenging topic of job loss and its impact on personal finance. They share the story of a listener who worked hard to build his credit score to 701, only to see it plummet to the mid-300s after losing his job and falling behind on payments. Richard and Nia discuss practical steps to rebuild financial stability and creditworthiness, including assessing current finances, communicating with creditors, obtaining a secured credit card, prioritizing debt repayment, and creating a realistic budget. They also explore the importance of increasing income, seeking professional advice, and considering bankruptcy as a last resort

Register for our upcoming webinar: Job Loss Survival Guide: Tools for Financial Resilience and Recovery