Chris,
I understand how you feel. I was in the same position as you a few month ago. I finished my training in July 2010 and I got hired in November 2011. For about 15 months I was sending CVs all around with no positive answers.
One thing I was sure about is that I would never ever ever join any kind of pay 2 fly program, please, just forget about it! What I would do if I were you, is join a flying school with lots of students and do an instructor rating. You will become a better pilot and get paid.
To get hired, I talked directly to the owner of a small charter company and showed him how motivated I was to fly for him. I would never had got hired by just sending my CV.
Good Luck!