From How to Get Out of Debt

The National Bureau of Economic Research recently released a paper that looked at the “financial fragility” of households. They determined fragility as the inability to come up with $2,000 in 30 days or less. Approximately one quarter of Americans report that they would certainly not be able to come up with such funds, and an [...]

Read the full article at GetOutOfDebt.org, click here: Half of Americans Tapped Out and Broke. Anyone Surprised?

From How to Get Out of Debt

“Dear Steve, We have always had pretty good credit and always paid our bills on time. My parents had some hard times so when we didn’t have enough we used credit to help them get out of binds. Still we managed to pay all our bills on time. Then the economy took a dive and [...]

Read the full article at GetOutOfDebt.org, click here: Which is the Best Way to Tackle Our Credit Card Debt? – Erica

From How to Get Out of Debt

“Dear Steve, Single mom, monthly bills have increased greatly; no salary increasse for three years; helping son through college; recent breast cancer survivor. Bank of America has ignored my requests for a loan modification. I owe $145,000. and my home is worth at best $80,000. I get paid twice a month with one check covering [...]

Read the full article at GetOutOfDebt.org, click here: Bank of America Has Ignored My Requests for a Loan Modification. – Patti

From How to Get Out of Debt

“Dear Steve, I went through a traumatizing divorce and got a lump sum with which I paid down all the credit cards. I had to live on them for a while. I have 2 small kids that are sick alot and one is ADD/ Dyslexic so I am not able to work a full time [...]

Read the full article at GetOutOfDebt.org, click here: Barely Getting By… What Do I Do? Jennifer

From How to Get Out of Debt

“Dear Steve, Right now i currently owe around 24k to credit cards and have a car payment (400) and rent of ($1000). I sell cars for a living so my income fluctuates greatly. The reason I am in so much debt is because ive never had any savings and when things hit the fan i [...]

Read the full article at GetOutOfDebt.org, click here: I’m a Car Salesman Limping Along in Debt. – Bryan

From How to Get Out of Debt

“Dear Steve, We have around $37,000 in credit card debit that is becoming unmanageable – day care is a high cost but we have no other choices for that. We don’t want to use our 401k or 403 B and have a mini van with lots of miles that will not last much longer. We’ve [...]

Read the full article at GetOutOfDebt.org, click here: Our Expenses are High and So We Are in Debt. What Should We Do? – Scott

From How to Get Out of Debt

“Dear Steve, I had written to you a while back but could not find my original so am writing again. i am struggling really hard, i went from having no credit cards until 1999 to having too many, never made a late pmt. but because i was no longer working, disabled, started getting credit cards [...]

Read the full article at GetOutOfDebt.org, click here: I Feel Like I Just Threw a Bunch of Money Away. – Donnie