Tag Archives: bankruptcy
- Should I Consider Bankruptcy? – Jan
“Dear Steve, My car payoff is $22,900 and I pay $450 a month. I have credit debt that adds up to $20,000. I’m receiving unemployment for the time being I am making payments on everything but I’m nearing an end as far as income coming in. I have not found a job and soon my [...]
- Are the Collectors Lying to Me? – Janet
URGENT QUESTION! Janet “Dear Steve, I am now getting phone calls from creditors with deals to wipe half off & low monthly payments – I am worried that the wiped off half will be given to a collection agency later on. Where were these people when I asked for help before I got behind? I [...]
- Your God Loves Debtors
So many people tell me about how ashamed they feel about their financial problems. They feel like losers, cheats or just bad people for not being able to honor their repayment promises. It is truly unfortunate that people find themselves in money trouble with debt casting a huge black shadow over their life as far [...]
- We Have $225,000 in Credit Card Debt. – Jane
“Dear Steve, My husband is on disablity ($1300 per mo) and I am employed and take home about $3,000.00 every 2 weeks. We have $225,000 in credit card debt. Although we have not been late on a payment, we have been borrowing from Peter to pay Paul and can’t go on much longer as our [...]
- I Was In the Navy and Air Force and Now I Need to Get Debt Free? – Marilyn
Marilyn “Hi Steve, I’m really deep in debt and don’t know how to start getting out of it. Every time I research an article thinking that it could be helpful, I get discouraged because I don’t think I can adjust it to my situation. Let me begin. When I got out of the Navy, I [...]
- Consumer Reports Debt Settlement Article to Come
A little birdie in the wind told me that Consumer Reports is working on an article that involves debt settlement services. This person said they got the impression that the article was going to not be supportive of debt settlement companies, and in many ways, that’s a shame. Settling your debts for less that you [...]
- My Favorite Quote About Bankruptcy
A famous author was once asked how he went bankrupt, his answer was “I went bankrupt slowly and then all of a sudden.” This is such a great insightful statement about bankruptcy. Typically it is not a process that happens in an instant. It is often preceded by a longer period of time punctuated with [...]
- Holy, Divorced, Disabled and Desperately in Debt
Holy “Dear Steve, I am a divorced 56 year old woman who suffered an injury as a teacher in a public school in May, 2000. I now suffer with a severe and permanent chronic pain condition (Reflex Sympathetic Dystrophy). Social Security refused me any disability (chronic, debilitating pain is not considered disabling) and due to [...]
- April Wants To Know “As A Single Mom, How Do I Get Out Of Debt?”
“Dear Steve, Mounting credit card debt is getting difficult to pay. I’m thinking of just ONLY taking care of house, car, utilities, food, insurance. I’m a single mother of two kids and get no child support. I’ve worked so hard for good credit and I am losing it. What do I do? Not pay and [...]
- Terrance Says His Debt Problems Are Worse Than Anyone He Knows
Terrance “Dear Steve, First off I’m 20 years old and have debt problems worse than anyone I know. But besides that I have payday loans, banking accounts, cell phone, and one credit card. Some happened before I was even 18. But I talked to a friend of mine who said she repaired her credit herself [...]
- Bush Administration Rolls Out Wimpy Mortgage Assistance Plan
The Bush administration today rolled out a plan to help homeowners in trouble with their mortgages. While proclaiming big help the plan does not go anywhere near far enough to help those in the most trouble. Homeowners 90 or more days late in their mortgage payments, owe at least 90% of their home’s current value, [...]
- A Pledge And Promise I Work Hard Every Day to Keep: To Be Here For You When You Need Me
Since my financial failure and bankruptcy I have never taken for granted the difficult and painful process of living through and surviving money troubles. I’ve walked in your shoes. I know what it feels like. I’ve felt the pain and shed the tears. I’ve been afraid and I’ve been depressed. And even though a lot [...]
- YOUR VIEW: Charles Merlis
YOUR VIEW: Charles Merlis Hartford Courant, United States - 2 hours ago Instead many people have used it to reduce their credit card debt on which they are paying confiscatory rates. Credit card debt has increased exponentially …
- Slowdown nails contractors: Dozens of Idaho small business owners
Slowdown nails contractors: Dozens of Idaho small business owners … Idaho Business Review, United States - 2 hours ago Most of the rest of their liabilities consist of medical bills, a car loan and credit card debt . ยท Boise home builder and contractor Russ Iverson filed for …
- Recent Debt and Foreclosure Videos I Think You Need to Watch
A video about the most laid back realtor that specializes in dealing with bank owned foreclosure properties in Los Angles. [flash http://getoutofdebt.org/wp-content/uploads/foreclosure1.flv] The struggles of a real family falling behind and facing foreclosure. Their lender was unreasonable and impossible to work with and forced them further behind instead of working our a solution to help [...]