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Ask The Get Out of Debt Experts

My Husband Died and I Was Laid Off. – Linda


Linda “Dear Steve, I am 51 years old. My husband died 3 years ago. I was layed off from my job in Oct. 2008. I have over 40,000.00 in credit card debt and 50,000.00 on a home equity loan. The interest rates are killing me. I may have to file bancruptcy. How can I lower my interest rates so I ... Read More »

    I Found I Owe an Old Medical Bill. What Can Credit Collectors do to Me? – Mark


    “Dear Steve, I am trying to clean up my credit. I found that I owe a medical bill from 2003. What can credit collectors do to me? I thought that these end after a number of years. Mark” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical ... Read More »

      My Husband Passed Away And Now the Credit Card Company Wants the Full Amount. – Merle


      Merle “Dear Steve, I have a credit card that I’ve had for over 10 years. It was in mine and my husbands name. I have been paying by check signing my name all this time. My husband passed away almost 2 years ago. They found out and are now calling for the full amount of $6,000. I haven’t been late ... Read More »

        Should I Cash Out My 401k to Pay Off My Credit Card Debt? – Chad


        “Dear Steve, I have 30K in credit card debt, and I own a house. My property taxes went up 2k this year, and I can no longer put money in the credit card to pay down the payment. All my available income goes towards house payment and insurance, and taxes. I can make mimimum payment on credit cards. Should I ... Read More »

          How Can We Pay Down Our Enormous Debt? – Sharon


          “Dear Steve, We have nearly $21,500.00 in debt from Credit Cards, Home Equity Line of Credit, and College School Loans. This does not include our home loan/mortgage or vehicle loan. Credit cards alone are almost $6,500.00 of this debt. We want to be debt free and would like to be able to afford to send our children to private school. ... Read More »

            It’s Just a Matter of Time Before I Have to Look at Debt Settlement or Bankruptcy. – Laura


            “Dear Steve, Hi, I am drowning in debt from student loans and credit cards. I have a steady job, but it’s just a matter of time before I’m going to have to look at debt settlement or bankruptcy. So far I’ve paid all bills on time, but LOTS of debt. My 5 year ARM is up end of 2009. Would ... Read More »

              I’m Drowning in Private Student Loans. – Kathy


              Kathy “Dear Steve, I graduated from an affordable college four years ago with $70K in student debt. Because my parents made $200K per year, but were unwilling to help me pay for college, I was ineligible for sufficient Federal aid, even loans. I was forced to finance college through a private lender, which I was lead to believe adhered to ... Read More »

                Should I Use My Money in Savings to Pay Down My Credit Card? – Zach


                Zach “Dear Steve, I just turned 26 years old and I’ve got $6700 in credit card debt (All at 0% except for $1700 at 11%) and $4500 in an emergency fund savings account. It costs about $1600 a month for me to live, giving me about 3 months of living expenses saved up. I have a stable part-time job, and ... Read More »

                  I Want to Freeze My Interest Rates. – Vladimir


                  Vladimir “Dear Steve, I have debt of £4000 with high interest and cant keep up the repayments plus i am never gonna get rid off debt only paying minimum payment on card but cant afford to pay more. wanna freeze the interest. How can I freeze the interest rates? Valadimir” Don’t miss our free Get Out of Debt – “How ... Read More »

                    I’m Afraid I’m Going to Lose My Car in Bankruptcy. – Veta


                    Veta “Dear Steve, I’m going to file a Chapter 7 bankruptcy and I would like to keep my car but I might not have enough exemption. Even if I do the judge may not allow me to reaffirm the car loan because the payment is so high. So I don’t know if I should keep making the payment on it ... Read More »

                      I Have a Loan Through Bank of America and I’m Going to Declare Bankruptcy. – Nick


                      Nick “Dear Steve, I have a Loan through Bank of America and the APR IS 15.99%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!, I am going to declare bankruptcy soon if this isnt lowered. Can you Lower my APR? Nick” 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 »

                        Your Quickies For the Day


                        When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms gift card giving – Be carful giving gift cards from any retail store these ... Read More »

                          I Have Several Credit Cards That I Haven’t Been Able to Pay On. – David


                          “Dear Steve, I have several credit cards that I haven’t been able to pay on, I am currently paying on one of them, Im just now starting to get calls from lawyers for collection. My wife and I also have a time share that we havent been able to use let alone afford, we havent made payments on that either. ... Read More »

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


                            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


                              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 »

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