Category Archives: Military
- I’ve Put My Gun in My Mouth Many Times to Deal With My Debt. – Matthew
“Dear Steve, 37 years old, 2 kids 11 and 10. I served in Iraq. Suffering now with severe mental issues. I grew up abused and joined the Army at 21. I have gone to Iraq. Moments after leaving home my wife moved my kids across the country and filed for divorce. While serving in a [...]
- I’m in the Military. Can I Settle My Federal Student Loans? – Tony
“Dear Steve, Received 2 federal loans total of $10200 and now owe over $25000. I am military.. The loans have been in forbearance and deferment for ever it seems.. Married 3 kids to take care of plus my mom lives with me and my wife’s brother who has early on set Alzheimer’s. I owe a [...]
- Got Student Loans While on Active Duty in Army. I’ve Defaulted. – Justin
“Dear Steve, 12 years of military service. 1 bad decision to get student loans while active duty. I have accrued some debt with student loans while on active duty and have defaulted because I am overseas and don’t have the info for the lenders and now Im afraid they are going to take my tax [...]
- I’m in the Navy. How Can I Tackle Private Student Loans in Default. – Theresa
“Dear Steve, I graduated from college in 2006 with a BA and then enlisted in the Navy. I have been in the service now for 6 and a half years. I have about $116,000 in private student loans that are in default. I don’t make enough money to take care of my living expenses and [...]
- I Was in Marine Boot Camp When I Found Out About My Bad Capital One Debt. – Adam
“Dear Steve, Thank you for taking the time to read and answer my question. I’m currently dealing with old, bad debt I’m trying to pay off. I’ve been paying off accounts and also dealing with an identity theft situation where my social security was used unknowingly by a family member for their bills. At this [...]
- Retired From the Navy and Now Can’t Sleep Because of Our Debt. – Elio
“Dear Steve, I am so glad to have come across your website. I am presently in a situation for which I need help. I have recently retired from the Navy. Unfortunately my income has dropped by approximately 70% and my expenditures have increased, i.e. monthly co payment/deductibles for Health/Dental insurance. I thought I could manage [...]
- I’m an E-4 in the Navy and Broke. – Donek
“Dear Steve, i am and E-4 in the USN. i have a credit card payment, car payment, and a personal loan from my bank all in all equaling about 500 a month. all this on top of my regular bills. all of this i can normally handle however with in the last 3 weeks we [...]
- I’m in the Military Reserves. How Can I Get My Student Loans Forgiven? – Kolby
“Dear Steve, Military Member in the Reserves, Student loan forgiveness and lender credit freeze at a 6% interest rate How does the loan forgiveness work for military members? I have been in the Army Reserves for the past 2 years does the program apply to me? I was also wondering about the 6% interest freeze [...]
- Active Duty Deployed Military Member Needs to Deal With Debt to Retire. – Sawlin
“Dear Steve, Personal Loan : 9,000 (Paid all on 18/10/2012) Interest Outstanding : 41,000 Need Good Credit Record documents from the bank to process military retirement (will be retired on 06/01/2013) Credit Union at first agreed to process when the principal amount paid by after payment of the 9,000 (on 18/10/2012), the officer said its [...]
- Retiring Military With Big Debt. Should I Cash Out My IRA to Protect My Security Clearance? – Tim
“Dear Steve, I am a retiring military officer with about 3200 in post tax income for retirement. This is enought to pay my mortgage and put food on the table. I also have a mass mutual whole life annuity for 250000 and my retirement check will have survivors benefit of half current payment. I am [...]
- I Was Stationed Overseas With the National Guard and Returned Home Deep in Debt. – Michael
“Dear Steve, 40 years old, married, 3 children ages 14,11, 8. Have several credit cards with large balances. Most of the debt is several years old. I’m a veteran and have multiple deployments. Three of the credit cards were maxed out by my wife while I was deployed. We’re both full time teachers and contribute [...]
- I’m a Marine Corps Officer Waiting for Basic School With Student Loan Debt. – John
“Dear Steve, Marine 2nd Lt. awaiting orders for The Basic School, wont be able to pay loans after grace initial grace period passes I was commissioned a 2nd Lt. in the Marine Corps shortly after graduating college with an engineering degree. I volunteered to serve and owe the government nothing for joining (didn’t do ROTC [...]
- ROTC Was Supposed to Pay My Tuition But I Can’t Get My Transcripts Because I Have a Bill
“Dear Steve, I graduated from college in may of 2010 with roughly a 100,000 dollars of student loan debt. I have deferred my fedeal but as for private they wouldnt let me do so. So now its on my credit and i cant pay because i have no job. First question is how can i [...]
- I Was Disenrolled From ROTC Scholarship and Now Military Wants The Tuition Money Back. – Jas
“Dear Steve, I accepted an ROTC scholarship with the army in the fall of 2010. I have recieved the scholarship up until the spring of 2012, of which they did hint at my inability to adapt, but they did not pay for the semester’s tuition, did not inform me that they were not going too, [...]
- Credit Cards and Government Student Loans Need Debt Relief and Debt Advice to Enter Military. – Paul
Sir, I wanted to ask you what my options are concerning my credit card and government student loan debt, as it seems that everyone has special interests and they are not primarily interested in helping you first when it comes to debt relief. When I went to college in 2003 right out of high school [...]