From the Local Paper's Front Page: in the Sagging Economy Just hanging on

Ruthie Christy firmly believes that God will take care of her in life. But right now, she could use a little help from the government as well.

Christy and her husband have been scrambling to keep themselves afloat since January, when a local paper mill cut his work schedule to as little as six days a month. They’ve put off paying bills, asked creditors for extensions and used whatever money they could to pay the mortgage on their North Charleston home.

Christy, 57, is still trying to come up with the cash to cover last month’s mortgage payment, with another round soon coming due. She’s tried to refinance her Ranger Drive home but can’t find any institution willing to write the loan.

Read it all.

print

Posted in * Economics, Politics, * South Carolina, Credit Markets, Economy, Labor/Labor Unions/Labor Market, Personal Finance, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--