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Ask The Get Out of Debt Experts

My Father Died Recently. Is My Mother Responsible for His Credit Card Debt?

Isolated wings

“Dear Steve, Dad recently passed away. He had one credit card in his name, with mom as an authorized user. Balance on the card is approx 10K. They live in WA state, which is generally a community property state, however they legally disolved the community property agreement and all assets were put in moms name months ago in case she ... Read More »

We Have to File Bankruptcy Again. Will We Have a Problem With That?

Bankruptcy Road Sign

“Dear Steve, We filed chapter 7 bankruptcy 11 years ago and unfortuanatley or in the place where we need to file again. Do you know if the courts treat someone differently when they know you have discharged a Chptr. 7 bankruptcy previously? Laura” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of ... Read More »

I Just Signed Up With Student Loan Processing .US and I’m Having Second Thoughts.

Cleaning toilet

“Dear Steve, I just signed up yesterday with student loan processing. US, but have paid no money as of yet. I signed an agreement that says I will get 100% of my money back if I am rejected for a federal student loan consolidation by Dept of Ed. The contract states how much, what the payment is estimated to be. ... Read More »

Which States Statute of Limitations Applies to My Old Debt? – Brooke

Magnifying Glass - Q&A

“Dear Steve, I purchased a van in Florida back in July of 2005. I did a voluntary repossession in February of 2007 in Virginia, after the bank would not wait two days for my first paycheck to clear my checking account (was two months behind). I never heard anything further from the bank after that (I realize now I should ... Read More »

Recently Divorced and Struggling With Debt. What Should I Do? – Kelli

Mature woman confused

“Dear Steve, Recently divorced and left with about $40,000 in credit card debt due to helping my ex-husband start his now lucrative company. I’m not bitter! I am drowning here now, however. It’s about ten credit cards with APRs spanning from 14% all the way up to 29.9%. I can only barely afford the minimum payments and realize that every ... Read More »

My Husband Does Not Want Us to Pool Our Income to Pay Off Our Debt. – Melinda

couple fighting

“Dear Steve, I work part-time and my husband has full-time income, but my husband does not want to put all the income together to pay the bills we have coming into the household. With my part-time employment, I do not make enough money to pay my bills every month!! We have 5 creditors that we could pay off by June ... Read More »

The NCO Debt Collector Lied That I Could Settle My Private Student Loan Debt. – Matt

crime scene

“Dear Steve, The background information is something like this: I went delinquent on a student loan (private) after a period of financial hardship. It defaulted and went over to NCO Financial for debt collections. I wasn’t sure how the whole process worked at the time, and I started a payment plan. My agent at NCO was named John and would ... Read More »

I Had a Title Loan. They Took the Truck and Sold it But Say I Still Owe Them. – John

auction

“Dear Steve, I had a 2003 ford ranger 4 door need some cash to fix some lose end truck was paid out My question it i used the truck to get a title loan from a title company which gave me half of the fair market value . after which i had some problem with my boss at work who ... Read More »

How to Get Out of Debt Quickly So I Can Save for Retirement? – John

Certain death

“Dear Steve, 60K in credit card debt. Annual salary approximately 130K. Able to make minimum monthly payments on all cards, but never significantly reduce overall debt. My credit card debt ranges from Nebraska Furniture Mart to Home Depot, Macy’s and Chase. Now that I make more money, I can pay the minimums, but I want to get rid of the ... Read More »

The Debt Reduction Department Sent Me a Mailer. Is it Legitimate? – Joseph

run away

“Dear Steve, I received in the mail from: “Debt Reduction Department” P.O. Box 4668 #66587 New York, NY 10163-4668 877-870-7764 They claim to facilitate a renegotiation of debts directly with my creditors. I said I didn’t give personal information over the phone, only face to face with local businesses. Are they legitimate business? BBB notes? Joseph” Don’t miss our free ... Read More »

A Debt Law Firm Says They Can Get Me Out of Debt in Two Years. Is That Safe? – Stephen

Why?

“Dear Steve, The total balance across my 6 credit cards is $13,500 and I am paying $308 monthly in minimum payments. A debt law firm has offered to put me on a 2 and a half years program that will get me out of my debt. While I stop making payments to my creditors, I will pay $264 x 30 ... Read More »

Can I Get An Income Based Repayment Plan for My $197K in Student Loans? – Ian

under construction narrow

“Dear Steve, Due to the poor financial planning of both myself and my parents, I financed my undergraduate education primarily with student loans. Even worse, I went to an out-of-state school with high tuition. After four years (and an abortive year in law school), I racked up about $197,000 in student loans. I know it’s an obscene amount. I have ... Read More »

My Store Lost Money and Left Me With Debt. I’m Retiring. – Dave

tunnel

“Dear Steve, Lost 1165.00 income from sale of store and I was the bank…total 54,000.00 I am retired and have 1500.00 SS and 500.00 company retirement. Problem is I ran up credit card dept trying to keep the store going and have paid off all bank loans except I have around 30,000.00 credit card debt. I am not late and ... Read More »

Capital One Turned Me Down for a Secured Card. Why?

Rejected stamp

“Dear Steve, At one point I owned 7 houses and had 780 credit score. I fell on some very hard times. I lost 1 house in foreclosure about 5 years ago . I had to sell and short sell 5 more of my homes.The last short sale closed in October 2012. I also setteled 2 credit cards and are paying ... Read More »

Is Defense Lawyers a Reputable or Legitimate Company to Work With? – Gwynne

Problem Solving Series

“Dear Steve, A debt consolidation company contacted me by phone this week inquiring if I would be interested in reducing my credit card debt. I listened to what they had to say, however, I did not give them my credit card numbers or bank names as I did not know if they were legitimate or not. They gave me the ... Read More »

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