Jobs and Careers - All posts in category Jobs and Careers

Can a Pay Cut Derail My Debt Repayment?

Question: I’m on a debt-management plan, but recent circumstances at work are such that I’ll be taking a pay cut for the next year or two. Because of the change in my financial situation, I notified the credit counseling firm that I won’t be able to make the full monthly payment.  They said that my creditors may penalize me by increasing my APRs to over 25%. Can they legally do that? Would writing a letter to each creditor explaining things help? My inability to pay them the agreed upon amount was certainly unforeseen.

– Anonymous

Can I Insure Myself Against Job Loss?

Question: How can I protect myself against job loss?  Are there any supplemental unemployment insurance products that I can purchase?

– Mark

How Do I Find My Lost Pension?

Question: I am a former employee of First Brands Corporation. I left the company in 1990 with vested rights to a small pension when I turn 65 in December 2011. I tried contacting the company at an address and phone number that I found on the internet, but they’re no longer there. Where do I go from here? Thanks!

-Bertrand Chiasson, Las Vegas, Nevada