Tag Archives: avoid bankruptcy
- We Are Against Bankruptcy and Want to Dig Our Way Out of Debt. – Paula
“Dear Damon, I married my husband in 2009. We have been digging out of debt since then and are just seeing the light, as he received backpay from social security. We vied his credit report, and mostly he has many many medical collections. Some back in 2004, 5, 6…all the way to this year. We [...]
- Credit Counseling and Debt Settlement Failed But I Do Not Want to Declare Bankruptcy. – Sue
“Dear Steve, My husband and I separated about 3 years ago, with that in mind we both did the most selfish thing- we spent on our credit cards. We racked up so much on our credit cards, that we did not even realize how bad we had put ourselves in debt. Fortunately we got back [...]
- My Husband is Not Happy About Possibly Losing The Land. – Linda
“Dear Steve, I am trying to figure out what is the best option for me considering all the pros and cons. I have a 30K credit card debt in total they are 4 credit cards one with Capital One and the others with Chase. These cards are only in my name. A situation I have [...]
- I Do Not Want to File for Bankruptcy. I Want to Pay My Bills. – Angelica
“Dear Steve, I was unemployed for over a year and I am now working. However, my husband and I depleted our savings and got behind on some bills. I have crunched the numbers many times, but I keep coming up with same…we don’t have enough money to get caught up. I have requested a mondifiaction [...]
- Lauren is Searching For Ways to Get Out Of Debt And Make Her Bad Credit Go Away
“Dear Steve, If I find a consolidation company to help me pay my bills will my bad credit go away? Lauren” The Answer: Dear Lauren, It is usual for people to search for a magic wand that will make their debt go away without impacting their credit report. There really is no such solution, [...]
- When Doing What You Think is the Right is the Wrong Thing to Do During Financial Troubles
I am forever faced with people who tell me that no matter how bad their financial situation is they will never consider bankruptcy as an option. Now I understand to that person, the thought of bankruptcy is reprehensible. They feel it is morally wrong or against their religion. They feel it is a violation of [...]
- Bank of America Sent Me to CCCS and They Rejected Me. – Loretta
Loretta “Dear Steve, Am about $50,000 in credit card debt. To date I have made payments (Help of my son) but it is getting harder. Was considering a debt management but would like a name of a good honest one. Chase bank did work out a repay plan but Bank of America will not. Sent [...]
- I Bought a House and Slowly My Credit Has Been Getting Worse. – Sheila
Sheila “Dear Steve, When I bought my house about 9 years ago, I underestimated the expenses that come along with home ownership and began living above my means. I began using my credit card more and more (paying for home services, car repairs, fees and living expenses). I accumulated more cards to “take advantage of” [...]
- Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out.
Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., American Express Co. and HSBC Holdings have finally come together with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process [...]
- Catherine Asks If There Is Hope Or Help For Debt
Catherine writes in: “My husband and I are behind on a few of our loans and one is a vehicle payment and the other if a flexline loan( pretty much a credit card) we have talked about bankrupcy but would like to avoid that. Are there any companies out there that offer help for these [...]