Monthly Archives: April, 2010

Richard Asks “Who Is Better to Get Out Of Debt With, John Cummuta or Dave Ramsey?”

“Dear Steve, I’m considering both John Cummuta’s and Dave Ramsey’s systems to get out of debt and build wealth. Which is better? Richard” 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 beat back debt. – Click [...]

I Owe American Express and I Am About to Start a Debt Repayment Plan With Money Management International. – Shelley

Shelley “Dear Steve, I have about $26,000 in credit card debt and am about to start a plan with Money Management International. The question I have is about the American Express account, which is about $12,000. Over the last year, iIt has bounced from 2 collection agencies to a law firm, Mann-Bracken. I am never [...]

I Own an S Corporation and my Home is Now in Foreclosure. – Dave

“Dear Steve, I own a small business which is an S Corp. Business was bad for awhile, during which time I got behind on the mortgage on my personal home. The home is now in foreclosure. Currently, I a considering an offer of a short sale, and I ade the decision to save the business, [...]

Should I Use My Accident Settlement Check to Pay My Debt? – Steve

“Dear Steve, 38k in debt from a personal loan and credit cards. My credit is very bad now my wifes is almost there. I went from full time employment to part time to unemployed. We lived off credit cards and the loan thinking that my job would return. My wifes income doesn’t cover all the [...]

TASC and USOBA Members. You Are Only as Strong as Your Weakest Link.

Just back from a lovely ride on the motorcycle and all along the two hour ride I was thinking about a frequent complaint I hear from members of The Association of Settlement Companies (TASC) and United States Organization for Bankruptcy Alternatives (USOBA), “We are a member but we are a really good company and not [...]

I’m Self-Employed, Sinking in Debt, and Considering Bankruptcy, Again. – Aletheia

Aletheia “Dear Steve, I’m self-employed and my earnings so far this year are about a third of what they were last year. with some scrambling for new clients, the situation is improving, as far as i can tell. but my debt load is too high. i’ve stopped using credit cards, and i’ve arranged for a [...]

My Husband and I Are Just Barely Making the Minimum Payments. – Janet

“Dear Steve, My husband and I have about $40,000 in credit card debt. We are just barely making the min. payments. Right now the interest averages about 7.99%. Part of this 40,000 is due to purchasing a used truck in December and charging the 12,000. on a card at 5.99% until Oct 2009. In addition [...]

Should I Do Debt Consolidation or Debt Settlement? – Jimi

Jimi “Dear Steve, I am $60,000 in credit card debt. The banks have lowered all my limits and raised all my interest rates astronomically. Is it better for my future credit to do Debt Consolidation or Debt Settlement? Thanks! Jimi” Don’t miss our free Get Out of Debt – “How To” Guide Series on a [...]

Someone Gave Me a Check and I Lost It. – Bethann

Bethan “Dear Steve, When a check is lost and you ask the agency to replace it, can they say no? Is there a certain amount of time that goes by where they can say no.. the monies were donations Bethann” Don’t miss our free Get Out of Debt – “How To” Guide Series on a [...]

My Mother Was In An Accident And Lost Her Job And Can’t Pay – Paula

“Dear Steve, My mother was in an accident and lost her job, we lost our tenant in our house for about 6 months in which bills got backed up, credit cards and loans were used to pay for the bills since my mom’s income was gone. She got a new job but does not make [...]

I’m Divorced and My Ex Never Paid His Part of the Debts. – Kelli

“Dear Steve, I have been divorced for 5 years, and was left w/16K in credit card debt. My ex was ordered to pay half of the debt, but never did. I didn’t put a judgemnt on him because I was a co-borrower on his truck lease, and I was worried he’d dump a $500 payment [...]

We’ve Already Deferred Two Loan Payments But That’s Not Enough. What Can We Do? – Kathe

“Dear Steve, We are in our 50s. We’d been doing well and racked up some serious debt. Ashamed to say how much but … over 70,000. This includes credit cards and loans. Not including our home. Last month I lost my job and have been looking (yes, looking hard!) but have not found anything as [...]

I’m in Debt in Abu Dhabi, UAE and Need Help. – Malak

Malak “Dear Steve, My situation is really bad but the problem is that I live in the UAE in Abu Dhabi the capital. If I asked my question is it possible that you can still help? Because I asked lots of companies and they only make a consolidation in the USA. I have a debt [...]

The Credit Exchange Referred Me to Allegro Law and Now the Court Has Closed Them Down. What Do I Do? – Stefanie

Stefanie “Dear Steve, My husband and I were referred to Allegro Law from another company that we filled out a survey with to see what our options were to get out of debt. Once we talk to the first company which I believed was called, The Credit Exchange, (www.thecreditexchagne.com) we were given all the information [...]

I Was in a Debt Management Program and Now My Husband is in Trouble. Scared Mom in Michigan

Scared Mom in Michigan “Dear Steve, Back in November My husband and I fell into finacial ruin thanks to credit cards… I already was going through Debt management of my own and then My husband was adding to this without my knowledge…. why? who knows.. but too late now. Anyway… My husband hours got cut [...]