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Linda Seidel - Hitting rock bottom
Former owner, automotive parts & accessories business
Morganton, N.C.

Our business sank and hit the bottom like a rock in a lake. It wasn't a trickle-down ripple effect, it was a freaking tidal wave!

We lost our truck that was paid for by our business, and now we may lose our house that we have worked for 33 years to get. We are both in our late 50's with nowhere to go and no job to go to. We have pets and many personal items. The only vehicle we have now is my '98 Jeep Cherokee that has been paid for from day one. What will we do if we lose our house? Will we be among the homeless?

One year ago our mortgage was paid for in full each month, and we paid $25 to $30 extra towards the principal. Now we are four months behind. I and some friends have compiled some personal items from our houses, family heirlooms, to sell in a never-ending yard sale.

It burns my candles to see the bailouts going on, and that we have no recourse for the failed economy and loans. So give them money to set themselves straight and hang us out to dry? How fair is that?! Who will bail out us, the consumers that are being burned? Where is our money from the government? The measly $600 to stimulate the economy? That wasn't enough to make a mortgage payment.

We're doing everything we can but we're just not getting over the hump. We can't get enough money together at one time to pay the mortgage and all the things we're behind on.

NEXT: Lindsey Wolko - Tough times demand creativity

LAST UPDATE: Oct 04 2008 | 2:03 PM ET
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