Tag Archives: forbearance
- Alex Went to Law School, Business School and is Now Buried in Student Loans
“Dear Steve, I went to both law school and business school. I dropped out of law school after a year and a half but borrowed a lot of money for that time since law school is quite expensive, especially for a private school. This pretty much set me back. Business school wasn’t as expensive. I [...]
- I Need to Get My Student Loans Out of Forbearance?
Quinton “Dear Steve, I need to get my student loans out of forberrence? What is the best way to consolidate? Quinton” The Answer: Dear Quinton Forbearance and consolidation are two different things. If your student loans are in forbearance they are on hold, not requiring any payments from you right now. But while they [...]
- “I Have Three Degrees But I’m Broke And Miserable”
Theresa “Dear Steve, I have $75,000 in school loans and I have one job bringing in $360 per week after taxes and another job where I make $150 per week after taxes. My car payment is $251, rent is $600, utilities are $130, Food is $80, and water is $45. I have a 401(k) with [...]
- I Can’t Pay Sallie Mae – Carlos
Carlos “Dear Steve, Sallie Mae loaned me $10,537.50 on 08/31/1994. I started making payments on it in 2003. Have been in forbearance three times. I have already paid about $7,000 on this loan. he loan is on forbearance until 03/07/2009. Because of financial hardship I wanted to settle with Sallie Mae for $4,000. Total Principal [...]
- I Found You Through Mary Hunt and Debt Proof Living. – Shelly
Shelly “Dear Steve, Thank you so much for this website and helping people like myself get out of debt. I was inspired by Mary Hunt and joined as a member on her website debtproofliving to work my way out of debt. I have over 36k of credit card debt and I am using Mary’s system [...]
- Consumer Bankruptcy Attorneys Stand Behind Government Plan to Allow Bankruptcy Judges to Modify Mortgages
The following statement was issued today on behalf of the 3,500-member National Association of Consumer Bankruptcy Attorneys (NACBA) by bankruptcy attorney and NACBA president Carey Ebert of Fort Worth, TX: “At a time when an estimated 6,600 American families are losing their homes to foreclosure every day, we welcome the Obama Administration’s support for changes [...]
- I’m in a Debt Management Program and I Can’t Afford It. What Should I Do? – Anne
“Dear Steve, I owe tons in credit cards and am in dept management. That payment takes half of my salery each month and now my student loans are out of forberance and i don’t qualify for financial hardship. Is debt arbitration legitamite? They say they can cut my debt by 60% and my payments would [...]
- Alex is Buried in Student Loan Payments
“Dear Steve, I have Federal Student loans dating back to ’94/95. My situation was unusual. I first attended MBA school and left after a semester because I also got accepted to Law School at a different university. I went to Law School for a year and a half only to realize it wasn’t what I [...]