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Ask The Get Out of Debt Experts

I’m Upside Down on 30 Year Interest Only Mortgage and Medical Debts. – Scott

Magnifying Glass - Q&A

“Dear Steve, Upside down with home of more than $130,000 in Florida. Two loans, second being a HELOC at time purchase to avoid original PMI with Countrywide. BOA bought Countrywide and then sold second to Greentree. 30-year interest only at 6.625 on first and 8.125 on second. BOA will not work with with me as DTI is approximately 21%. This ... Read More »

Retired From the Navy and Now Can’t Sleep Because of Our Debt. – Elio

Navy

“Dear Steve, I am so glad to have come across your website. I am presently in a situation for which I need help. I have recently retired from the Navy. Unfortunately my income has dropped by approximately 70% and my expenditures have increased, i.e. monthly co payment/deductibles for Health/Dental insurance. I thought I could manage all my obligations as soon ... Read More »

I Can’t Get a Private Student Loan to Finish My Nursing Degree With a Tax Lien. – Shelia

education

“Dear Steve, In February 2012 I filled for an Offer In Compromise with Georgia Department of Revenue. I am a nursing student and I am not employed. I received a call from the State Department wanting me to make payment arrangements for $50.00. I explained that paying $50.00 a month will cause a hardship and is not feasible since I ... Read More »

My Husband Died Owing Medical Bills. Can They Take Our Tax Return? – Theresa

Isolated wings

“Dear Steve, My husband passed away in July. He didn’t have an estate or life insurance. He has 2 outstanding medical bills. Will they be able to take any of our tax return. The bills have not gone to collections yet. Help!!!!!!!!!!!!!!!!!!!!! Theresa” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of ... Read More »

Can the Creditors Extend Our IVA Even if We Have No Equity in Our House? – Ken

3D Iva button block cube text

“Dear Jon, My wife and I are in an IVA and have made all the payments for the last six years. We have no equity in our house at this point. Can the creditors extend the Individual Voluntary Arrangement to eight years to make up for the lack of equity in our house? Ken” Don’t miss our free Get Out ... Read More »

We Are 65+. Our Business and Personal Real Estate Investments Have Tanked. What Should We Do? – Lou

New Construction

“Dear Steve, We have in the process of loosing everything after 45 years of working. Our real estate ventures in AZ plunged us in to a financial crisis when the market crashed. We continued to throw money at all the properties thinking & hoping the market would come back which it has not. Fast forward — now we are faced ... Read More »

I Want to Get a Student Loan to Improve My Credit Score. – Eli

"Credit rating" handwritten with white chalk on a blackboard

“Dear Steve, I have a great credit score (mid-700′s), nothing negative in my credit history, 10 year credit history, 10 open credit cards, have paid every single credit card bill in full on time my entire life, 2 car loans, mortgage. With interest rates at historic lows, I’m looking to refinance. However, I’m finding that I can’t get the best ... Read More »

I’m an E-4 in the Navy and Broke. – Donek

121112-N-LP801-092

“Dear Steve, i am and E-4 in the USN. i have a credit card payment, car payment, and a personal loan from my bank all in all equaling about 500 a month. all this on top of my regular bills. all of this i can normally handle however with in the last 3 weeks we have been in 3 car ... Read More »

Single Parent, Stuck in Low Wage Jobs, Huge Student Loan Debt. – Heather

sad-woman

“Dear Steve, I am a single parent, sort of an empty nester, but not quite. I have always worked low wage jobs because I don’t know the right people. I thought my brains and work ethic would get me past that. Long story short, I finally graduated college at 40, but I am still working the same dead end job ... Read More »

Should I Get Divorced Before Bankruptcy or Wait? – Denise

qa5

“Dear Steve, I am about $40,000 in debt including a car loan 3 judgements and small bills such as cable, phone and some medical bills I am extremely concerned about the three judgements against me (one for $5000 and two for $3000)…Cancer/spousal abandonment, being a victim of the landlord not paying the mortgage with my rent and a former friend ... Read More »

How to Really Discharge Your Student Loans in Bankruptcy. Many Can. But Never Try.

Student Loan Corkboard Concept

For years we’ve all heard the same message that it’s near darn impossible to discharge student loans in bankruptcy. We’ve heard that the undue hardship standards make it so onerous that expecting a student loan discharge is all but an act of God. But what if that belief was actually more myth than fact? Recently Jason Iuliano, (J.D. Harvard Law ... Read More »

How Much of a Hit Will Out Credit Score Take When We File Bankruptcy? – Larry

Bankrupt

“Dear Steve, I have filed Chapter 7 that was discharged in oct 11, so my credit is still not good. My wife’s credit is good, around 800. We still have a few issues we are dealing with regarding banks, one the FDIC that took over a bank We are hoping to work something out so she does not have to ... Read More »

I’m in the Military Reserves. How Can I Get My Student Loans Forgiven? – Kolby

Meeting with Pusht-e Rod leadership

“Dear Steve, Military Member in the Reserves, Student loan forgiveness and lender credit freeze at a 6% interest rate How does the loan forgiveness work for military members? I have been in the Army Reserves for the past 2 years does the program apply to me? I was also wondering about the 6% interest freeze on debt for military members ... Read More »

Is American Remedy Center in California a Scam? – Jose

danger

“Dear Steve, We received by mail a letter from one company oferring help us with the mortgage payment reduction for our home in Florida. It’s law office named America Remedy Center in California. The person in charge of my case request for sing a contract. And a payment of over $1000.00 dollars. How can I, know if this people really ... Read More »

Fairmount Financial Group Charged Me a Fee to Get a Loan. Are They a Fraud? – Aaron

Screen Shot 2013-01-03 at 11.46.53 AM

“Dear Steve, I am not sure this company is a fraud company. I was seeing if you can find that out for me? I was trying to get a loan online and this company called “Fairmount Financial Group” called and they wanted money up front because my credit score is not the greatest, so I sent the money through moneygram ... Read More »

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