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Tag Archives: inherit

How Should I Use My Inheritance to Reduce My Debt? – Jason

math

“Dear Steve, Huge amount of credit card debt. One card 40K @ 7.99%, another 7K @ 11.99%, 8.5K @ 3.99%, and 4K @ 21.99%. Plus, 2 car loans total 20K @ 6.99%(these vehicles are used for work/pleasure – 85/15). My income is down from an average of 100K to now about 45K( economic influences beyond my control). We also have ... Read More »

Should I Be Worried They Will Take My House? – Sarah

justball-144x125

“Dear Steve, Divorced, accumulated at least $15000.00 in unsecured CC debt and owe on a car loan. I was recently laid off and cannot meet my bills. I stand to inherit the house I live in, and maybe 10,000. in cash. Should I apply for bankruptcy, I would want chapter 7 but am afraid they would take my house with ... Read More »

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