Tag Archives: cycle of debt

I Can Never Seem to Reduce My Credit Card Debt. – Mary Ann

“Dear Steve, My credit card debt is $17,000 & has been for years. I don’t have bad credit & never miss a payment but it seems as if I’m spinning my wheels & my balances never go down. All my cards are maxed & soon as I get 1 down a little something comes up [...]

My Husband and I Have Fallen Into the Constant Cycle of Debt. – Sharon

“Dear Steve, Hello! My husband and I have fallen into the constant cycle of debt. We bought our townhouse in Halifax Massachusetts in 2000 for $124,900. Since then we have refinance, paid off credit cards, racked up credit cards, refinanced etc etc etc… We now have a mortgage of $155,000. We make appoximently $95,960 together. [...]