Latest Posts
Home > Ask The Get Out of Debt Experts (page 4)

Ask The Get Out of Debt Experts

I Filed Bankruptcy and Creditors Are Still Reporting Delinquent Debts. – Nancy

beautiful girl on stool with laptop

“Dear Steve, I have a question with regards to bankruptcy and negative reporting by creditors. I filed for bankruptcy on 4/1/13 and the Bankruptcy Automatic Stay kept creditors from collection efforts. The bankruptcy was discharged on 7/31/13 which then reverted the automatic stay to a permanent discharge. From what I understand, creditors cannot collect on the discharged debts, as well ... Read More »

Were My Student Loans Eliminated in My Bankruptcy? – Erika

college-class

“Dear Steve, I obtained a Private Student Loan through Loan to Learn (Educap, inc. 5Star bank) in 2004 for $30,000 that required payment towards a variable interest rate while in school. I have paid on time from 2004-2012 before facing a hardship. With an average monthly payment of $300 (sometimes higher, sometimes lower) I have paid well over $25,000. I ... Read More »

Sallie Mae Took Advantage of Me When I Was. – Nicolle

hiding

“Dear Steve, I have 5 student loans, currently totally about $48,000 after 6+ years of repayment. Two of them are private loans at only about $1,300 each, another private is at about $8,000, my only federal loan is at $11,000, and my bear of a loan is a private loan with Sallie Mae, currently at approximately $26,000 (original borrowed amount ... Read More »

Should Me Son Cash Out an Annuity to Pay Off His Student Loans? – Tracy

brain

“Dear Steve, My son was given a generous gift of $10,000 by my husband’s aunt. The money was given for “education” and placed in a conservative investment annuity by the aunt. We never did anything with the account but accept the quarterly statements. My son has graduated from college, and is fully employed in his field. His loans are due, ... Read More »

Who is a Good Debt Consolidation Company to Work With? – Rondell

Sagging Economy

“Dear Steve, Im 49 years old, gross about $60,000 a year, im about $27,000 in debt want and need to get this debt off my back , tried doing it myself, writing creditors, obtaining credit reports, etc, some of my debt is so old its been sold off to other companies over and over. I’m thinking about getting a debt ... Read More »

I Gave My Student Loan FAFSA PIN to a Debt Help Company. Help! – Amy

stressed-woman

“Dear Steve, I saw the link for StudentLoanSupport.us on Facebook and clicked on the link. All it asked for is my husband’s name, our state and phone number. Shortly after we were contacted by Craig with Student Loan Support. We put off the discussion until today when he called me (Amy) about my husband (David)’s loans. I was on the ... Read More »

I’m in the Marines and Contemplating Suicide. Can I File Bankruptcy? – Larry

Military Flag

“Dear Steve, Steve, I am a Master Sergeant in the Marine Corps and have made some mistakes w/ debt. I got 2 credit cards and 1 personal loan ($40K total) that my wife didn’t know about so I could gamble. Needless to say I lost a lot of money and when it was all said and done I was contemplating ... Read More »

I Got a Call From a Student Loan Helpline Company About My Loans. – Tracey

Drowning swimmer

“Dear Steve, So I have roughly $75k in federal student loan debt, that due to economic hardship, I am having difficulty paying. I got a call from one of these so called “Student loan help line” companies that told me that if I let them consolidate my loans that the max I would have to pay is 197 payments and ... Read More »

My Car Was Repossessed, My Wages are Garnished and I’m Not Sure if Bankruptcy is Right for Me. – Nancy

body outline

“Dear Steve, I have gotten myself into some serious financial problems. While I know that mine is not as bad as some I am behind on every bill and my car was repossessed last night. I am a single mother to 3 girls and I yes I do have a full time job. My husband passed away in 2003 so ... Read More »

I Left Qatar Owing Money. Will I Be Arrested in India?

qatar

“Dear Steve, I left qatar with unpaid loan 135000QAR(no credit cards). Due some personal issues i have faced during my vacation in india i couldnt report to the duty on time, so the company terminated my agreement. And last one year i am in (jobless )trying for competitive exams . i have signed blank checques of dohabank during the loan ... Read More »

My Private Student Loan Company Won’t Let Me Pay What I Can Afford. – Mitch

Searching-right

“Dear Steve, I’m a first generation college student, and attended Hartwick College for 1.5 years until transferring and finishing college at SUNY Oneonta. I owe near 80k from my college years. I had two private student loans that were held thru CitiBank for a total of near 20k. Citibank worked with me on deferment, income based repayment, and delaying payments ... Read More »

Can My Creditors Take Other Business Property to Repay a Debt? – Dee

Empty Store at Shopping Center / Mall

“Dear Steve, Business owner of an LLC secured a contract worth $35,000 using 100% fully-owned equipment (fair market value of $50,000). Creditor has in his possession part of the equipment (part of a crane), while debtor has another piece to the crane. Creditor also has in his possession 3 other pieces of equipment, 2 which have had work/improvements done on ... Read More »

Can I Settle My Private Student Loan Debt? – Tim

Alone and Lost

“Dear Steve, Unemployed for two years after college, defaulted on one of my private student loans, delinquent on others. Credit is already terrible. I have three private student loans, one of which I have already defaulted on. I recently came in to some money and want to use it to wipe out my student loan debt, or at least as ... Read More »

Sallie Mae Won’t Lower My Payment So I Can Afford It. – Kristen

hiding

“Dear Steve, I have both federal and private loans through Sallie Mae. I used my private loan to pay for housing for my child and I. Sallie Mae is working with me in paying back my federal loans by using the income based repayment alternative. However they will not lower my monthly payment on my private loan to an amount ... Read More »

Will Our Second Mortgage Vanish After Our Chapter 13 Bankruptcy? – Lisa

Mature woman confused

“Dear Steve, My husband and I filed a CH13 in efforts to save our home. 2nd mortgage was stripped and court. 4 months into bankruptcy, trustee felt we could pay 100% of debt which we would be paying a lot more than what we were originally paying overall. We pulled out of BK and got a modification for our home. ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.