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Ask The Get Out of Debt Experts

I Don’t Have a Job to Pay My Debts. What Should I Do? – Reanna

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Reanna “Dear Steve, I don’t have a job and I am currently 1,000 dollars in debt with my bank and credit card. I owe 500 dollars to each. What should I do? Reanna” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to ... Read More »

What is the Damage to Our Credit Report if We Settle a Debt for Less Than the Full Amount? – Lara

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Lara “Dear Steve, My husband and I have over $45,000 credit card debt. Our income has been seriously reduced by about 65% lately. We are thinking of best ways to reduce debt amount or get payment plans over a period of 5 years. If the creditor decides to accept to settle the debt for less it will appear as settled ... Read More »

I’m a College Student and Gotten Myself in Very Bad Credit Card Debt. – Meredith

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“Dear Steve, I am a college student and gotten myself in very bad credit card debt. It is so easy to get a card and I have managed to run up a debt close to $10,000. I had three credit cards; I have gotten rid of them, can’t use them, but still owe the debt. How do I get rid ... Read More »

I’ve Depleted My Savings, Creditors Are Calling And I Feel Like a Criminal. – Avria

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“Dear Steve, Early in 2008, I had a sudden turn of events. I had to quit my job due to health problems and lost half of my household income when my ex and I split up. I had just bought a new car and signed on to what would have been smart loans to transition into a more comfortable state ... Read More »

How Can I Negotiate a Lower Balance to Pay Back My Credit Cards? – David

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“Dear Steve, I’m several months behind on several credit cards. Now have money to pay them off through a loan I got on my house. Can I negotiate a lower payoff with the credit card companies? David” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, ... Read More »

I Have Eleven Cards I Want to Close Some But Should I? – Ariel

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Ariel “Dear Steve, I have 11 credit cards with zero balances and want to close them and keep paying out my other 5 open credit cards. if I close these 11 will it hurt my credit score or should I close them regardless? Ariel” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number ... Read More »

I Need to Put My Debt Behind Me. I Have No More Money to Make Payments. – Chris

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“Dear Steve, I turned my car in about a year ago. I have perodically made small payments to a collection agency. This loan was through Capital One Auto Finance. The reason for turning the car in was it was costing me more to keep it running than I could afford. This was a nice car with very few miles and ... Read More »

I’m a Twenty-Something Guy Who Has Made Some Really Poor Financial Choices. – Mike

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“Dear Steve, I’m a twenty-something guy who has made some really poor choices financially in recent years (I’m sure you’ve heard that before…). About a year ago I consolidated several different credit cards into one extremely large account. This past spring, due to several different financial constraints, the minimum payment on that account became impossible for me to meet. I ... Read More »

My Credit Card Has Gone to a Collector. Who Can I go to for Help? – John

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“Dear Steve, I owe $28,500 on one credit card, have a truck payment of $350 a month, and pay $700 for rent. I make roughly about $2,800 a month. My credit card has gone to a collector. I haven’t paid on the credit card in over a year. Who can I go to for help in getting what I owe ... Read More »

My Husband Died and My House Was Destroyed by Hurricane Katrina. – Sandy

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“Dear Steve, My husband passed away 4 years ago and the following year hurricane Katrina severely destroyed my house. I FINALLY sold my house May 2008 for peanuts, but had to live off that money due to being unemployed since Feb. 2008. I draw a pension from my late husband which is exempt from any garnishments. I’m not a dead ... Read More »

We Have No Money Left Over to Pay Our Bills And We Are Only in Our Early Twenties. – Dona

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Dona “Dear Steve, My husband and I (23yrs and 20 yrs) have a total of about 40,000 dollars in credit card debt and school loans. I’d say a little more than half of that is in school loans for educations we couldnt afford to finish. and the other half is credit debt. between the 2 of us we make about ... Read More »

I’m in a Debt Management Program and I Can’t Afford It. What Should I Do? – Anne

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“Dear Steve, I owe tons in credit cards and am in dept management. That payment takes half of my salery each month and now my student loans are out of forberance and i don’t qualify for financial hardship. Is debt arbitration legitamite? They say they can cut my debt by 60% and my payments would be half of what I ... Read More »

I Have AIDS and Disabled But I’m Afraid My SSDI Benefits Are Going to Get Garnished for Student Loan Payments. – Jack

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“Dear Steve, I have AIDS and can no longer work I owe around $12,000.00 in current and way past due credit card debt. I am on SSDI and can barely pay rent+utilities. I have fought off Capital One and now I hear the feds can garnish my SSDI $$ for student loans. I think I should change phone numbers and ... Read More »

We Are Sinking Fast And Using Credit Cards For Daily Purchases. – Valerie

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URGENT QUESTION! Valerie “Dear Steve, I cried all through writing the question. Situation is that we’ve always paid our credit card bills and always been on time and lately our credit score keeps getting worse and worse. Our mortgage/taxes/insurance costs $3000.00 per month so I don’t want to default on that. Yes, we have remortgaged too many times. Presently, I’m ... Read More »

My Mom is in Debt and She Cries Every Night. I Can’t Stand to See Her Sad. – Calvin

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Calvin “Dear Steve, Hi, my mom is in debt and she cries every night. I can’t stand to see her sad. The economy is horrible and we may not be able to afford our next house payment. How could I, a 13 year old help my mom. I will work, I will fight, I’m willing to do anything. Please just ... Read More »

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