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Managing Your Money and Credit During Unemployment

September 23, 2011

High unemployment rates have affected people throughout the United States in nearly every job market. While there are certain markets and industries that are on the road to recovery, some are still struggling. If you are one of the many people in the Chicago area who has lost their job and is worrying about protecting your Chicago real estate investment, managing your money and preserving your credit, there are places to get help. The Equifax Finance Blog offers advice in a recent article by credit expert Mechel Glass. The article, “Lost Your Job? Here’s How to Manage Your Money and Protect Your Credit Score,” offers a number of tips.

As the Director of Education for CredAbility, Glass frequently develops educational programs to help people deal with credit issues. While credit management is always a priority, it is especially important during unemployment because most employers will do a background check that requires applicants to have good credit. Although money will be tight, Glass has advice for dealing with limited income.

  • Check with your state department of labor to see if you qualify for unemployment.
  • Have a plan to market yourself to potential employers and ramp up the full-time job search.
  • Reach out to a set number of people each week and don’t stop until you reach your weekly goal. The more you network and meet new people, the greater your chances of finding a new job.

To learn more tips from Glass, read her entire article on the Equifax Finance Blog.

Categories: Economy, Education

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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