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Home > Author Archives: Mike Killian

Author Archives: Mike Killian

Mike Killian
Mike Killian is founder of Learning Credit and Debt Management. He has been writing and teaching about credit and debt management issues for over 12 years. His articles have been referenced by various members of the media, including MSNBC and The Motley Fool. Mike has also offered debt elimination seminars to businesses and community colleges for many years. He has an MS in counseling and is a nationally certified as a Personal Finance Counselor. Mike can be found at LearnCreditManagement.com/.

Collectors Called Constantly Scared of Foreclosure, What Can I Do? – Roy

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“Dear Steve, I have recently taken over management of finances and bill paying from my wife. I always knew we had some lingering credit card debt that had been following us since college, but I had no idea what the real situation was. At this point we are $51,000 in credit card debt. We have a mortgage, a HELOC, and ... Read More »

Barely Getting By… What Do I Do? Jennifer

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“Dear Steve, I went through a traumatizing divorce and got a lump sum with which I paid down all the credit cards. I had to live on them for a while. I have 2 small kids that are sick alot and one is ADD/ Dyslexic so I am not able to work a full time job. I was working for ... Read More »

Will Banks Negotiate My Student Loans? – Russell

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“Dear Steve, 4-1/2 years ago I decided to go back to school for Dental Hygiene. My wife would not let me work during the four years of school and her income did not quite meet all our expenses. I took out private loans to pay for school and living expenses plus rolled an old HELOC loan into our fianal school ... Read More »

Converting 8.9% Variable Credit Card to 3.4% Variable Equity is Bad Deal. George

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“Dear Steve, I have $22K in credit card debt(on one card) with an 8.99% variable rate. Minimum payment is about $450/month. I have recently began to pay more than the minimum(last month i paid $1000) since I would love to pay this off or at least bring it down so my minimum payment isnt so high. I recently received a ... Read More »

Can Claim Be Dismissed Because of Expiration of Statute of Limitations? – Christopher

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“Dear Steve, I received a Summons to appear in Civil Court. The Plaintiff is a collection agency, attempting to collect over $18,000. The Summons included a fax cover sheet from Chase Bank, with whom I had an account years ago. I live in Missouri, and the SOL for open accounts is 5 yrs. My credit report indicates that the account ... Read More »

Need My Car and 3 Months Behind. What Can I Do? – Rita

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“Dear Steve, My husband has been unemployeed and I work full time. We had to move out of last home due to toxic mold. I am 3 months behind in car payments and they want to take my car. It is the only way i can get to work to get groceries for my kids and money to pay some ... Read More »

Statute of Limitation – Will Debt Go On Forever? – Jennifer

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“Dear Steve, I had my bank account bounce for a 263.00 credit. now I have over $900 and counting in bank fees. I am berried in debt and unemployed, I want to know how long a debt is valid (statues of limitations) but I don’t understand what is written for the “Oregon statutes of limitation” listed below, can you please ... Read More »

I Used to Have a Drug Problem. Now I’m Left With Debt. – Jayme

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“Dear Steve, In my younger years, I had a drug problem so I just didn’t care about all the court fines that were mounting. I’m now 28, two sons and a full time job for 3 years. Although I’m paying $100. a month to the collection company that the court sent these fines to, I’m just getting behind because of ... Read More »

Can I Call My Credit Card Companies and Ask Them to Lower My Balance? – Yianni

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“Dear Steve, Can I call a credit card company and ask them to lower the amount and I can pay that in full. So if I owe 2800 for one card can I tell them I can afford to pay 2200 right now to pay it all off. Maybe they have a hidden 10% option? I am thinking that you ... Read More »

How Do I Get My Foreclosed Home Forgiven? Carl

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“Dear Steve, My home was forclosed they did not forgive my debt how do i get it forgiven Carl” I asked my friend Mike Killian to answer your question for you. I wanted to make sure you got an answer as quickly as possible as I’m a bit backed up at the moment. I’ll be watching the comments on this ... Read More »

Boilermaker Seasonal Financial Despair and In Super Hot Water – Heidi

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“Dear Steve, My husband is a boilermaker which is a feast for famine type of job. By the time we get caught up on basic utilities and rent and car payments, his job ends and if we have been able to save anything its used within the first month to survive we have 4 children and the grocery bill by ... Read More »

Sorry We Went With Debt Management – Amber

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“Dear Steve, About 6 months ago, my husband and I decided to go with a debt management company to help with the relief of our credit card debt. It’s been a bigger mess than I ever thought it would be. There have been no payments made to any of my credit card companys because apparently the debt management program waits ... Read More »

Collections Sued But I Didn’t Go to Hearing. What Now? – Sara

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“Dear Steve, Couldn’t pay full payments for 2 credit cards. They went to collections. Collections sued but I didnt go to hearing. They sent a form asking my bank account info and income information. What do I do now? Sara” I asked my friend Mike Killian to answer your question for you. I wanted to make sure you got an ... Read More »

How To Get Bank To Reduce Interest On Personal Loan – Jena

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“Dear Steve, I have a personal loan with BofA and it’s somewhere at 23%. I’ve been trying since i got it to have the APR lowered but keep getting excuses as to why they wont. Now i’ve lost my job and can’t afford the payments. When I called BofA once again they said they couldn’t lower the APR to help ... Read More »

Cashout 401k and Then Reimburse? – Roger

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“Dear Steve, Cut back in hours at work. Hard to keep up with the bills. Now have to do something! Why not cash out or take a paritical cashout. Could you not pay off high intrest loans or credit cards. The money you would save intrest would save money. Then increase what you were putting in your 401. No? Roger” ... Read More »

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