Tag Archives: drowning in debt

What Should I Do to Get Out of Debt? – Jules

Jules “Dear Steve, With 30,000 in credit card debt, 20,000 in loans, is consumer credit counseling best or should I try to consolodate 6,000 more in fixed loan and ccc the rest.? Or Bankruptcy? Right now credit cards are increasing APR’s and I feel like I am drowning. Credit rating is 680′s. I also have [...]

I Am Looking to Consolidate My Debt And Then Form a Plan to Get Rid of It. – Drowning In Debt

Drowning In Debt “Dear Steve, In a TON of debt…looking for a way out. I am looking first to consolidate my debt, then form a plan to get rid of it. I have a $235,000 mortgage at 5%, a $65,000 interest-only second mortgage at 3.75% and about $47,000 worth of credit card bills. I was [...]

I Am Drowning in Debt And See No Light at the End of the Tunnel. – Tammy

“Dear Steve, I am drowning in debt and see no light at the end of the tunnel. It is causing me daily stress and anxiety, as I am worried about my future, worried about losing my good credit when I am no longer able to make my payments, worried about my kids. I am a [...]

It’s Just a Matter of Time Before I Have to Look at Debt Settlement or Bankruptcy. – Laura

“Dear Steve, Hi, I am drowning in debt from student loans and credit cards. I have a steady job, but it’s just a matter of time before I’m going to have to look at debt settlement or bankruptcy. So far I’ve paid all bills on time, but LOTS of debt. My 5 year ARM is [...]

Bob Is Underwater And Drowning, In Debt

“Dear Steve, Can I ask for your advice since I’m so overwhelmed with debt. I have 4 credit cards with approximately $48,000 in balance. I’m only paying the minimum amount due per month because that’s all I can afford considering the other expenses I need to pay (mortgage, car loan bills, etc). Most of the [...]