Dear Mr. President.
I’m composing you this page in concern for the economy, my children, and my house. I will be a 35 yr old mom of 1 small kid whom is 5. We have an issue through these hard times that I need you to hear from an average family trying to make it. I really do not be expectant of that anything shall be achieved, but I really do would like you to listen to how exactly we are struggling.
I happened to be let go in June from the work that I happened to be at for 8 years making a fairly substantial wage.
My better half, who was simply an electrician, happens to be let go since September of 2008. He had been called back once again to operate in 2009 but only worked for about 2 months before his company laid him off again and he has been out of work ever since july. I happened to be just in a position to secure myself a short-term task that my brand new employer is struggling to produce permanent. We would not have any insurance coverage for the son and we also live away from my income that is about 10K less an and unemployment year. We struggle living week to week to pay our mortgage- that has been underwritten to a lesser amount of in order that we don’t have to allow our home get into property foreclosure. I really want you to possess an excellent notion of the reputation for occasions which have happened with your bank and credit.
We refinanced our home loan in 2006 reasoning we’re able to obtain a leg through to some of our credit card debt and additionally spend more cash into our house. They did not set up an escrow account – which they did not tell us when we refinanced with our bank. Whenever we figured it away – they essentially told us it absolutely was far too late. To make certain that said, we’ve been struggling to cover our fees but we’ve applied for a 401K my better half had and we also paid our fees through of last year july. We have experienced some times that are hard our wedding which wound up costing us more in personal credit card debt.