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Incoming Questions

I Went to Flight School But Now I Can’t Afford to Repay My $118,000 in Private Student Loans. – August

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“Dear Steve, This is a tough one. I am 35 years old, single home owner with a very nice low mortgage of $650 per month. I have some equity, but my credit is not good enough for a refinance to get money out. I went to flight school and accrued currently $113,000 in student loan debt. I also have about ... Read More »

My Father-In-Law Died and Left My Mother-In-Law Deep in Debt. – Sherry

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“Dear Steve, My father in law passed away and my mother in law has been left with an enormous debt. we did not realize they were this much in debt and are trying to figure out the best option for her.she is 73 yrs old. just to make her payments each month she is 500.00 short. she has a mortgage ... Read More »

What Happens When a Collection Agency Issues You a 1099? – Charlotte

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“Dear Steve, First of all, FANTASTIC WEBSITE! What happens when you are issued a 1099 from a collection agency? I’m worried come tax time we will owe a lot of money to the IRS. Help! Charlotte” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, ... Read More »

Should I Cash Out All My Home Equity to Pay My Credit Card Debt Off? – Jim

justball-144x125

“Dear Steve, Steve , Thanks for your time and advice . I have read many of your articles and still not sure which way to go . I’m down by 60G and need help . My first and second come to about 157.000 and I have enough equity based on todays market to clear out my debt . No one ... Read More »

I’m 33, Just Married, and Drowning in Debt. – Sean

justball-144x125

“Dear Steve, I am 33 years old and just married in August of 2008. My wife and I bought a home last September but I was laid off in February of this year. So now I have a $1200 mortgage, $300 car payment, and tons of credit card bills which I cannot pay. I recently started a temporary position which ... Read More »

I’m Thinking of Using Debtmerica Relief. What Are the Ramifications? – Joseph

justball-144x125

“Dear Steve, I am on ssi and va disability without a job and no assets. I am 6 months behind on 5 cc for a total of $10,000. I want to pay them when I start to earn money. If I wait to pay then use Debt America, what will be the ramifications credit wise, legally and any other long ... Read More »

Should I Be Worried About First Consumer Debt Consolidation? – Misti

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“Dear Steve, Current customer with Allegro law firm. I am concerned about the information I’ve seen on this site regarding this firm and Keith Nelms. I currently pay 59.00 monthly fee to First consumer debt consolidation, I guess this is the third party they have given the info to. Should I be concerned with the posts about him losing his ... Read More »

I Have Tried to Lower My Student Loan Payment Without Luck. – Scott

justball-144x125

“Dear Steve, I graduated from college with a ton of debt. From AES: Loan1 = $23,977.76 Loan2 = $35,285.42 Loan3 = $40,775.22 From Sallie Mae: Loan1 = $2,664.58 Loan2 = $3,552.73 Loan3 = $5,567.47 My income is $42,000 / year. I have tried to lower payments through AES, but according to the representative, they have made it much tougher to ... Read More »

I Make Too Much Money to Go Bankrupt So What About Debt Settlement? – Jerry

justball-144x125

“Dear Steve, Married with 3 young kids, have a house (in home for 13 years), home equity, care lease and loan, and about 150K in unsecured credit card debt. Employed making $130K a year but cant’ keep up with the minimums. I’m reviewing debt settlement companies and looking for a reputable one. I found Consumer Recovery Network and they seemed ... Read More »

We Consolidated Our Debt But Right Back in the Same Spot Again. – Melissa

justball-144x125

“Dear Steve, Two years ago we refinanced our house to pay off some debt and get rid of our ARM loan, but we were stupid and now are in the same position with credit card debt. Would it be smart to refinance to try to get a lower payment? I keep getting things in the mail saying “You can lower ... Read More »

I’m a Single Mother With a Baby, a 17 Year Old Daughter and a Bad Debt. – Karen

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“Dear Steve, Single parent with baby & 17 year old daughter at home no child support. judgment is for 1900.00 to a truck repair shop that I fought & lost. constantly in court & persued by them serving me to come to court. I take off from work & go then they are not on docket so we reset the ... Read More »

Where Do I Find Income While Recovering From Breast Cancer? – Bonnie

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“Dear Steve, I am a single girl diagnosed with breast cancer this summer. I live paycheck to paycheck. I have not worked for 4 weeks due to surgery and am about to start chemo in a couple weeks and I’m not sure when I will be able to return to work. I’m using all my sick and vaction time which ... Read More »

What Can a Family Do to Get Help With the Mortgage and Credit Card Debt? – Joe

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“Dear Steve, I got laid off from work and scared of losing everything. What can me and my family do to help with the mortgage and the credit card dept so we don’t lose everything? Joe” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, ... Read More »

I Am Physically Sick Over My Debt. – Lynn

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“Dear Steve, severly in debt around 50000 not including mortage. Behind on all but mortgage. Talked to lawyer,says I won’t lose the house but I am having a hard time believing it. I don;t live in it, my parents do. they help pay what they can, its not a rental. Can;t find any alternative, was even considering quitting my job ... Read More »

I Have a HELOC Loan Against My Brothers House. I Can’t Make Payments. – Junior

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“Hi Steve, Last year I started the process to buy a house with my domestic partner but 4 days before the closing in nov. 2008 I lost my second job since then I been trying to find a second job (part-time/full time) without look, since then I have add about $20,000 in debt. but I also have a HELO for ... Read More »

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