Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

4 of 7
BACKNEXT
Can't borrow again
Can't borrow again
Unemployment benefits meant Tom Keevers had the resources to look for another job.
Name: Tom Keevers, 45
Location: Chicago
Unemployed since: June 2008
Benefits ended: March 2010

After being laid off from his advertising sales job in June 2008, Tom Keevers went through his savings, maxed out his credit cards, traded in his car for a used one, and borrowed money from family. That's how he managed to survive while he was getting $500 a week in unemployment benefits.

But as of late March, he is no longer getting an unemployment check. So he's going to have to make some more drastic decisions.

"Now it's not looking good," he said. "I don't know where my next mortgage payment is coming from."

Unable to turn to family again for help, Keevers said he will likely have to put his condo up for sale. He's resisted this step since the housing market in his area is weak.

This uncertainty is making his job hunt that much more difficult.

"As long as I could keep my place, I had stability so I could go out and search for work," Keevers said.

NEXT: Doesn't know where to turn

Email | Print | Share
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
Last updated April 30 2010: 4:07 AM ET
More Galleries
Brexit voices: In or out? CNNMoney speaks to British people to find out their views ahead of the referendum on EU membership. More
10 key facts about the U.S. economy Unemployment is down, gas is cheap and America is growing. But just how strong is it? More
10 best investing apps (and sites) Investing should be cheap, effective and easy. These products simplify your financial life. More

Special Offer