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Tag Archives: bankruptcy

Am I Able to Settle My Debts With My Credit Card Companies Even Though I’m Current? – Kaye

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Kaye “Dear Steve, I have $25,000 in credit card debt (that I am current on and make the minimum payments each month). Should I file bankruptcy? Am I able to “settle” with any of these creditors to pay off a lump sum amount that is less than what I owe (if I am current on all accounts)? I am current ... Read More »

How Do You Value Your Quality of Life? Debt Solutions to Fix The Future

Photo Credit: Cayusa

Debt doesn’t just affect the people actually in debt, it often affects the ones around them, near and dear to them. I know this from first hand experience as someone who has loved and lived with someone so deep in debt they could not see a way out. Not only is the emotional toll hard on the debtor but also ... Read More »

Trudy is Worried About Getting Married Before Her Bankruptcy is Completed

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Trudy “Dear Steve, I filed for bankruptcy in November. My court date with bankruptcy court is in January of 2009. My fiance and I wanted to get married in December but I am afraid to marry him before the court date. I don’t want to take the stand and state my new last name with fear this will affect his ... Read More »

What Do You Do When Your Creditors and Credit Counselors Say There Isn’t Anything They Can Do to Help? – Elle

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Elle “Dear Steve, What do you do when the credit card company and the credit counselors say they can’t do anything to help? I have a solid income, good credit score and have racked up $37,000 worth of unsecured debt. I called Bank of America to ask for a lower interest rate, I’m paying 18.99%, 21.99% on two cards. Credit ... Read More »

Abusive Debt Collector Accused of Bankruptcy Fraud : When The Collector Becomes the Collected

Over the years Jack H. Boyajian, a seasoned debt collector, has faced accusations from authorities across the U.S. for “illegal methods to squeeze debtors”. This year a new accusation arose against Boyajian after he filed for bankruptcy in August of 2009, that he has defrauded creditors by concealing assets from the court. The Federal Government says he owes around $670,000 ... Read More »

Finances of Florida Charter Boat Captain, Sinking – Roberta

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Roberta “Dear Steve, My significant other has experienced 3 years of slow business and has accumulated credit card debt to pay bills in the amount of $260,000.00. He was hoping that business would improve, however the economy has caused him to go further in debt. He lives in Florida so his home is protected, however if he files for bankruptcy ... Read More »

I Have to Leave the Country for a Family Emergency.

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I got the following question through the GetOutOfDebt.org site and the reader asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. I asked my friend, Gerri Detweiler, to also answer this question so you could get two independent points of ... Read More »

We are Using Your “Eliminate Your Debt Like a Pro” Book and Have Some Questions. – Joanne

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Joanne “Dear Steve, We are using your “Eliminate Your Debt Like a Pro”, We have Credit Card Debt and Loans from Business’s that were sold in 2006, We moved to Asia so my husband could take a very good paying job. The contract that he signed states that there could be no bankruptcy in our past. I am assuming that ... Read More »

Do It Yourself Guide to Credit Reports: 10 Ways to Improve Your Credit

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So your credit’s not so hot. A few late payments, maybe an account or two that went to collections. What’s the big deal? As you’ve probably found out, it may be a very big deal. You’ve probably already been turned down for the best credit cards and maybe you’ve had trouble getting a car loan. Perhaps you’ve even put off ... Read More »

I Am Married With Five Children and Struggling to Get By. Ken

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“Dear Steve, I was self/unemployed after a layoff for about 3 years, until about a year ago. I had about $60K of home equity, but accumulated about $80K in credit card debt (I had no debt going into the period). We live very frugally, with hand me downs, Goodwil,l and 200K+ mile minivans. In the current economy my home equity ... Read More »

Peter Is Trying to Find Shelter In These Uncertain Economic Times

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“Dear Steve, I’m wondering if it time for a a mid-recovery, mid-recession course correction? My situation is grad school era babies, two layoffs and completely unnecessarily missed/late CC payments have buried us in CC debt (65K@30%APR), auto (6K@0%, 15K@7%) and student loans (35K at 8%) with little hope of lower interest rates or new financing options. Thankfully we got out ... Read More »

Lauren is Searching For Ways to Get Out Of Debt And Make Her Bad Credit Go Away

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“Dear Steve, If I find a consolidation company to help me pay my bills will my bad credit go away? Lauren” 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 Here The Answer   Dear Lauren, It ... Read More »

I Cosigned for a Car Loan and that Person Went to Jail. Now I Have to Pay it. – Noname

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Noname “Dear Steve, I am in a distressed situation and i dont know what to do about it. I recently lost my job and I have 2 car payments that along with insurance is taking about 600.00 a month and recently a family member that i signed for a car went to jail so now i have that car as ... Read More »

Willis Asks “Do I Pay Or Ignore My Credit Card Company?”

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Willis “Dear Steve, I am 81 years old, rent an apt and am retired. Have 7,100 dollars on a credit card. A financial advisor told me to just walk away from it. I have no job, do not own a house, if they sue me what can they get? I am paying $200 a month on the debt. I had ... Read More »

Will I Be Able to Get a Job After Bankruptcy? – Erin

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Erin “Dear Steve, My husband has been out of work for over a year, and my current job does not pay well. So far, we’ve been able to keep up minimum payments on all our bills, but we have student loans and medical bills coming due that we are currently not able to pay. We are considering bankruptcy, but are ... Read More »

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