Category Archives: Ask The Get Out of Debt Experts
- 10 Thousand People a Day are Retiring in America – Are You Ready?
As a college student studying finance, I would often hear of references to the baby boomer generation. It would typically be described as a very large mouse traveling through a skinny snake. Meaning there was this extremely large mass off people traveling through various stages of life. Now the tip of that metaphorical mouse has [...]
- I’m a Struggling Musician That is Drowning in Medical Debt. – Danika
“Dear Jon, I am paying off my student loans, about 8,000. BUT after that, I am considering to file BANKRUPTCY for my more than 20,000 (and growing of medical debt). I do not have any other kind of debt. No outstanding credit cards, or the such. I have a good standing and three months of [...]
- Can I Include a Title Loan in Bankruptcy?
“Dear Steve, I have some debt…. have not been employeed in nearly two years, but I am sure that I will be soon . In the meantime, I do have some debt and since Ive not been employeed & no one has hired me – I need to file a BK. I have a title [...]
- I’m Distraught, Depressed, and Anxious About My Debt. – Janine
“Dear Steve, I’m a 42 year old professional, recently divorced. I took all the debt, left him all the assets, i.e. collateral, for a 401k distribution as settlement, which I’ve basically been triple taxed on and came out still far down in the hole. Then I got laid off and have been in the process [...]
- I Have to Start Paying on My Student Loans I Can’t Afford. – Jessica
“Dear Steve, In 2010-2011 I attended a private graduate school in Chicago and racked up 70,000 in student loans (including current interest). After the first year I realized that the program was not as reputable as I previously thought and I removed myself from the program due to the fear of going into 250,000.00 in [...]
- I Can’t Go Home Because of the Job Market? – Louise
“Hi Guy , you have no idea how lucky we are to have you help everyone in dire situations . I live in dubai I can not got back home at the moment beacuse of the job market back home . I had lost my job in Dunai in 2009 and suffered for one year [...]
- How Can We Refinance Our Mortgage While I’m Unemployed? – Nicole
“Dear Steve, Unfortunatly as I found out the HOPE program and all other programs will not modify your loan if you are currently on Unemployment benefits. What are options for people who are unemployed. I am working but my husband was laid off over 2 years ago. I have tried to modify my mortgage thru [...]
- I’m Being Sued for Private Student Loans After the Staute of Limitations
“Dear Steve, I has several private student loans taken out in 2004-2005. I am being sued by collection agency representing the lender. The ny statute limitations is 6 years. They allege I admitted the debt on phone. I recently received a letter from collection agency to call them so we can work on a payment [...]
- My Sallie Mae Loan Was Discharged in My Bankruptcy But They Still Are Trying to Collect
“Dear Steve, I signed as co-signer for a Sallie Mae student loan for a friend back in about 2003 and in shortly after that about 2005 never had further contact with this person. Later found out that they defaulted in their loan, so Sallie Mae started sending me collection letters. In Nov. 2007 I filed [...]
- My Student Loan is Almost 30 Years Old and I’m In Collections. – Dawn
“Dear Steve, I currently have a student loan that is 27 years old. I was 17 years old when I was offerred this loan, and really unaware of the rate of interest, penalties, etc. I divorced from my husband at the age of 19 (due to the fact that he was physically abusive), and in [...]
- We Just Can’t Get Caught Up on Our Bills and Debts. – Beth
“Dear Steve, Divorcee’ with one child, remarried, living in home that is mortgaged under my ex-husbands name only and the deed is in my name only (don’t ask how-lol). Remarried we both work full time jobs My credit WAS descent, until the wedding, honeymoon, car issues and he got laid off. Now things are looking [...]
- Can I Get Into the UK if I Have An Old Debt There? – Manish
“Dear Jon, my name is manish.i have lived in UK for 5 years and have some debts.i have come back to my home country because my student visa was running out..it has been 2 years since i have come back from UK. can i travel back to UK, if i had some old UK debts?is [...]
- Can I Get a HAMP Modification if I Have a Second Mortgage? – Jim
“Dear Steve, Residence is underwater Can I acquire a “HAMP’ loan modification if I have a first mortage with GMAC and a second mortage (Equity line with Wells Fargo). GMAC balance $71,000 and Wells Fargo equity balance $99,500. Zillow value is $123,400. Please advise as Wells Fargo could not accomodate with loan or GMAC due [...]
- The Financial Expert Group Says for a Fee They Can Make My Bad Credit Go Away. – Carol
“Dear Steve, I made some bad credit decisions back in 2008 or 2007. A company called The Financial Expert Group, Inc 26650 The Old Road, Suite 110,Stevenson Ranch, CA 91381 is telling me if I pay them $5400 they can make this debt go away for every. Carol” The Answer: Dear Carol, Save your money. [...]
- We Don’t Make Enough Money to Repay Our Debt. What Do We Do? – Melody
“Dear Steve, I started out with nothing graduating from a private christian home. However I have accrued a $3,000 or more student loan. The first college I tried going to was a big money racket but i didn’t know that, now I do. I have about a $1,500 credit card debt that is already in [...]