Tag Archives: broke

We Are Just Making It On Food Stamps, My Husband Had a Stroke, What Should We Do? – Kristina

“Dear Steve, I have read most of what is on your web-site and none of your helps apply to us. We are currently probably over $22,000 in debt. It may not seem like a lot to you but to us it is enormous. We have NO car payments and haven’t for over almost 20 years. [...]

Unemployed, Broke, No Family, and in Debt. – Shelia

“Dear Steve, I recently lost my job due to a conflict with the boss’s son. I had no chance. My claim for unemployment benefits are still pending investigation, while the bills have already spiraled out of control. I don’t even open the mail anymore, as I can’t pay 1 cent and seeing those threatening messages [...]

Debt Fact – Most Pro Football, Baseball and Basketball Players Go Broke

Sports Illustrated estimates that 78 percent of former National Football League players, within two years of retirement, are bankrupt or “under financial stress because of joblessness or divorce.” Within five years of retirement, an estimated 60 percent of former National Basketball Association players “are broke.” Recession or no recession, many NFL, NBA and Major League [...]

The Five Myths About Bankruptcy. Watch the Video.

Thanks to Twitter I discovered a new video out of a news story on the five myths about bankruptcy. The myths are: You should be dead broke until you file for bankruptcy. Bankruptcy ruins your credit score. You lose your home if you go bankrupt. You should max out your credit cards before going bankrupt. [...]

I’m Broke and Living With My Parents. My Credit Card Company Wants Me to Send Them a Letter. What Should I Say? – Noname

Noname wrote to me through the GetOutOfDebt.org site and 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]