Unemployment and credit card debt could prove to be the biggest foes of debt relief.
Credit cards provide you a temporary source of income.
You can say so since you need not pay the amount till you statement arrives.
The Credit card company extends you debt on the premise that you will not falter on repayment.
Their faith is based on your credit report and statistical data regarding your finances.
Your credit limit is defined by your monthly income.
If you are unemployed your monthly income will be minimal.
Once you loose your job it will be very difficult for you to pay back your Credit card bills.
Besides this your credit limit will also be under threat and will be revised very soon based on reduced income.
Unless you do something about it you will be landing with big trouble very soon.
As a fist step towards debt management you need to look for avenues of extra income.
You may have to wait for that classic white collar job for very long.
So there is no harm in stepping in to the blue shirt in the meanwhile.
Seek out for extra income.
You could deliver pizza and burgers, work at the departmental store, baby sit or do odd jobs in your spare time or along with your day job if you have one.
These small steps will give a shot in the arm to your financial status.
Look for online opportunities to make some extra income.
These will take care of your unemployment.
Once you have some money trickling in things will turn around.
Look for jobs that are a few notches below your qualifications.
Your employers will be very happy to offer you these jobs since they will benefit from your credentials.
Nothing succeeds like success.
Once you have a steady trickle of income, it will slowly grow into a flow and finally build up to a torrent.
The recession is only in the minds.
There are a lot of income opportunities out there.
Grab them and build a regular monthly income.
Debt relief will soon follow.