I suggested that he moves back home
I suggested that he move back home with his parents until he gets back on his feet. They also suggested the same thing. I have gone into my pocket and paid his last months rent. Thank goodness his car is paid off. But he is having a hard time getting the credit card bills paid. I have been there when the credit card company called and he will tell the customer service rep his situation. Then about 2 or 3 hours later they will call again except it will be someone different. I tell him to get their names and write down the times they call. I also suggested that he tell them that he was recording the calls. I have personally witnessed 9 calls in one day. Why do they even bother to call when they know he cannot pay and when he has already spoken to them once? Until he moves back in with his parents I am buying his food. The phone ringing constantly is harassment. I am trying to give him support through this situation and let him know that things will get better. Until then I am fighting for him and would like as much helpful information as possible.
Maybe your friend could stop answering the phone. Turn off the ringer and then check caller ID or messages for important messages to call back – once or twice a day. Just to avoid the physical hassle from the creditors/debt collectors. They will not listen, nor do they care one iota about personal problems. If he could move back in with his parents temporarily that would really help with getting rid of the debts, if they are supportive of that for a short time.
It’s happened to millions of young adults between the ages of 18-30. I don’t know how old he is, but I assume he is still fairly young and also since he is not a home owner, if he would prefer not live with his parents for whatever reasons, maybe he could find some roommates instead to alleviate his living expenses more. If there are other ways he could downsize his living expenses temporarily that would also be in his best interest to pay off those debts as fast as possible. Also, instead of applying for payday loans he should consider installment loans for bad credit from www.MtpLoans.com – they are a much better alternative because of their prolonged payment schedule.
I have more to add about your friends situation. Not for him, but for you and his parents. All of you need to be really careful, at just how much you continue to help him financially. I know some people are truly grateful and will only accept a little help. But there are more people, who once given help, expect more and more help, because it keeps them from actually helping themselves. Think about that and keep a caution up.
If he has been out of work for five months, now would be a time to for him to swallow the pride and maybe just take any job or jobs to start working somewhere/anywhere while searching for the wonderful job he really wants.
Working anywhere makes it easier for a potential employer to hire someone. That adage is very true- it’s easier to get a new job, when you have a job you are still with. And it’s better to have one or two incomes that were less than the prior job, than no income at all.