How To Pay Your BIlls After a Layoff

If you’ve lost your job, managing your credit card bills, car payments and other debts suddenly comes with a question mark. The worst thing you can do is to give up and just hope your creditors forget your phone number. That can lead to nasty financial consequences, including late fees, a lower credit score and possibly even a lien or repossession.

Even if you can’t rely on a steady paycheck, you can take control of the situation and make sure smart fin financial moves — including making sure to stay on top of your doubt.

CNBC Select shares simple but powerful steps to manage the most common forms of debt, even if you’re temporarily out of a job.