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Question: Dear Steve, In 2020 I hired a law firm to help me settle six credit cards that I could no longer afford to pay even the minimum payments on after I lost my job. When I lost the job, I also lost the $3,000 net I used to make there monthly. Two of the …
Question: Dear Steve, We found your website looking for help with a 1099-C (G) form we received. I would appreciate your expertise. In 2006, we received an SBA loan through a local bank. We ended up closing the company and filed for bankruptcy. In 2011 we received a 1099-C for cancellation of the debt with …
Question: Dear Steve, The Discover debt that I got sued for was dismissed by the court four years ago and now another collections agency that Discover sold the dept to is keep asking for me to pay them back. How can I have this collection agency stop asking me for the money? Can I send …
Question: Dear Steve, A debt collector (American Education Services) has, for many years, been periodically but infrequently sending me letters about a student loan (the current balance is $7830). For a period of several years up to about 2015, I was paying them $50 a month, but then I stopped paying and didn’t hear from …
Question: Dear Steve, My ex and I took out a HELOC before the divorce. She quit claimed the home to me. I recently settled w HELOC, and the balance of the debt was forgiven. My ex and I both received 1099-c forms. My debt was discharged through a chapter 7 bankruptcy. My ex never claimed …
Question: Dear Steve, Under borrower defense to repayment rules, my student loans should evaporate, but collection agencies keep selling the account to each other, and they bother me always. Why do I think borrower defense to repayment applies? The college recruiter and the head of the Financial Aid Department at Greenville College lied to me …
Question: Dear Steve, I incurred a credit card debt of about $9,000, and I stopped making payments on this card. I signed up with a large debt consolidation company and made monthly payments of $250 toward my escrow account. My credit keeps getting hit every month because the debt consolidation company and the credit card …
Question: Dear Steve, I signed 01-26-2021. I felt rushed to view paperwork. On the phone I was told Lakeview Law Group would get my creditors to settle at 40 to 50 percent reduction, that I was told the only payment I would have to make was the monthly amount to Lakeview for 42 months and …
Question: Dear Steve, I took out student loans 10+ years ago and have never made a payment on them. I’m unsure at this point which the loans were even with initially. I have not had a job since, so nothing had been taken from anything to repay at any point. I just signed up at …
Question: Dear Steve, Bought a new car had it for almost 2 years and missed just 2 payments as my wife was battling cancer and made arrangement to make those up however Wells Fargo just picked it up not giving me the chance to get it back and never sent me any paperwork even tho …