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Ask The Get Out of Debt Experts

I Owe a Lot of Money in Hong Kong for Cancer Treatment. I Want to Avoid Bankruptcy. – Yogi

asian dragon

“Dear Steve, I unfortunately was diagnosed with cancer couple of years ago. Due to such unexpected illness, I incurred more than a million HKD debt to cover my medical bills. I am currently working but not enough to cover my debt. I’m still not fully recovered so I’m not sure if I can keep the payments. I dont’t want to ... Read More »

The Law Office of Michael K. Sipes That Owns My Debt Refuses to Negotiate a Settlement. – Dave

closeup of a gavel on cash, from above

I asked Michael Bovee, a debt settlement expert, to answer your question on my behalf. Here is Michael had to say. “Dear Mchael, The “Law Offices” of Michael K Sipes (in Elk Grove, CA) bought an unpaid credit card debt of mine. The balance was around $4000 when it was charged off. The court awarded a judgment, totaling about $5000, ... Read More »

I Bought a Small Business. How Do I Get a Business Credit Card? – Eve

stolen idea

“Dear Steve, I recently bought a small business that my father established before his death about a year ago. The business consists of intellectual property (music he composed, books he wrote, a piano teaching method, and audio CD’s to accompany same) created and marketed solely by my father. For the past year since my father’s death, my brother has “unofficially” ... Read More »

What Can I Do When a Creditor Seizes My Checking Account? – Delonte

Bank

“Dear Steve, i owed a creditor but fell on financial hard times and could not keep up with the payments. The account eventually went into default. In an attempt to recover the funds, the creditor gained access to my account and froze all activities attached to it. what can i do when a creditor freezes my account and my paycheck ... Read More »

How Can I Get My Wells Fargo Student Loan Out of Default? – Melena

debt

“Dear Steve, I have about 10,000 in student loans. I have two loans, one through Great Lakes and another through Wells Fargo. Because of some medical issues with my daughter last year my finances were challenged and my loan through Wells Fargo went into default (that loan amount is around $7,000. I have received a collections letter. Though my finances ... Read More »

I Would Gladly Pay to Delete My Negative Credit Report Entry

credit card verification

“Dear Steve, Chargeoff with closed Lowe’s credit card from 1/2011 they sold to Portfolio Recovery. Showing on Experian as CO from Lowe’s and Collection, paid less than in full from Portfolio. I negotiated payment with Portfolio but did it before knowing to ask for “pay for delete”. Disputed with BBB as junk debt buyer not authorized to list it…denied. I ... Read More »

The Auction House Says They Will Hold Our Car for Two Days. Can They Do That? – Lorrie

traffic

“Dear Steve, Car was repo’d two weeks ago, owed just over $1000 to pay of our six year loan. Was not informed that the car was going to be taken until after it was gone. Paid off the amount plus fees, we now owe $0. The car was being held at an auction place the papers from the finance company ... Read More »

My Credit Card Debt is Killing Me After My Divorce. – Clint

Lifestyle choices.

“Dear Steve, I have $50+/- credit card debt. Recently divorced. No other major debt.The financal stress contibuted to the divorce. I am living paycheck to paycheck. I would love to consolidate into one big loan and one monthly payment. I do not like the debt consolidation companies. Bankruptcy is a question as to whether it is the right thing to ... Read More »

Should I Sell My House to Get Out of Debt? – Esperanza

Woman in safari hat looking through binoculars

“Dear Jon, I am a single mother of two. I bought a house for 150,000 almost two years ago. My monthly payment is 928. I owe 27,000 in credit cards. I am making minimum payments for 600 every month. I can’t do it any longer. My credit score is over 700. I am current on my payments. I live in ... Read More »

Should We Get a Debt Consolidation Loan or Borrow From IRA to Payoff Credit Cards? – Christine

money

“Dear Steve, CC debt 20,000. Mortgage 39,000. Equity about 300,000. credit score under 500. marrried one income $51,000. 4 kids in college. Turned down from first bank for refinance with credit payoff. Currently spending about $700.00/month on CC payments. should we continue to try to get a loan or should we take the money out of our IRA and pay ... Read More »

I am a Disabled Student on SSI. My School is Asking Me to Pay. – Devon

past due envelope

“Dear Steve, I am a disabled student. I am currently working on my Master’s. Some of my classes and financial aid has gotten messed up. Now 2 schools are making me pay for classes. The cost adds up to about $7000. I receive SSI and can barely afford my bills. Is there anyway I can try to fix this? I ... Read More »

Will the Payday Loan Store Go After Me for Check Fraud? – Dave

payday loan

“Dear Steve, I had several payday loans that I took out on line.Each one was for $250.00. I payed on it for a while just the interest. I got in touch with a consolidation company that said they could help . They kept saying that they would help but they never did. I have made arrangments with 2 companies to ... Read More »

I Have a Workers Compensation Claim and Can’t Work. Facing Eviction. – Sandra

Screen Shot 2013-04-08 at 12.46.41 PM

“Dear Steve, Ten months ago I developed a repititive use injury which is now an established workers compensation case. However the job to injury aspect has “not been proven” yet, and may take beyond a year to settle. I have not had a normal paycheck in 10 months and my job search continues to be difficult. All avenues for obtaining ... Read More »

I’m Thinking of Leaving the U.S. Because of My Sallie Mae Student Loans. – Sean

Student Loan Corkboard Concept

“Dear Steve, I have around 125k in private student loans. I was wondering if I flee the United States if the debt would follow me. I am looking at Canada, Abu Dhabi, Ireland, South Korea and New Zeland. Please help. I’ve tried everything with Sallie Mae and I’ve even tried the goverment with no help. Sean” Don’t miss our free ... Read More »

Lloyd Ward & Associates Said They Settled Account But My Creditors Say No. – Diana

Lloyd Ward & Associates BBB F Rating

“Dear Steve, I was in debt and i chose Lloyd ward and associates about 3 years ago. i sent them aroung 9000.00 and they settle very few accounts. I ended up settling several of the accounts myself. i closed my accounts with them about 6 months ago. i am being sued by 2 of the accounts that i have papers ... Read More »

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