Tag Archives: minimum payments
- Debt Free! And You Can Be Too
photo © 2008 Mike Baird | more info (via: Wylio)When Amanda and her husband gave birth to their third child her paycheck was greatly reduced during maternity leave. After an increase in interest and payments on their credit cards, they could no longer afford their minimum monthly payments owed. At one point in time there [...]
- We Can Make the Minimum Payments But Can’t Get Ahead. – Andy
Over the past few years my wife and I have accumulated over $50,000 in debt. Job losses, attorney fees, medical bills have gotten us in this situation. While my wife has a very good job and we continue to pay all of our bills on time, we are only able to make the minimum payments [...]
- How Do I Get the Credit Card Company to Lower My Payment to What I Want? – Sally
“Dear Steve, My husband almost died due to an abscess on his liver. Medical bills piled up. Then he lost his job. Then I lost my job due to budget cuts. Currently my husband is unemployed, and I am working, but for less than my last job. Credit cards were used for everyday items such [...]
- I Supported Someone for Three Years That Completely Drained Me. – Jessica
“Dear Steve, I am currently about 15,000.00 in credit card debt and 2500.00 in student loan debt. I have come across many difficult troubles in the past 5 years and i also supported someone for 3 years that completely drained me. I am currently working three jobs just so i can get by and pay [...]
- My Wife and I Are Both Maxed Out on Credit Cards. Where Can We Go? – Alvaro
“Dear Steve, I have four credit cards that are pretty much maxed out for a total of approximately $18,000 and my wife has three credit cards for a total of about the same amount. This debt is not including the taxes we owe and car payment. Can you please suggest a place to go for [...]
- How Do You Value Your Quality of Life? Debt Solutions to Fix The Future
Debt doesn’t just affect the people actually in debt, it often affects the ones around them, near and dear to them. I know this from first hand experience as someone who has loved and lived with someone so deep in debt they could not see a way out. Not only is the emotional toll hard [...]
- I Lost Most of My Income. How Can I Get My Debts Reduced? – John
“Dear Steve, The economic downturn really hurt me. I lost 4 of my 5 sources of income. It killed the equity in my house (it is now worth about $15K more than my remaining mortgage) and nearly wiped out my savings. Right now, I have about $50K of credit card debt. If I pay the [...]
- I’m Barely Making My Minimum Payments. What Can I Do? – Pete
Pete “Dear Steve, I’m $90,000 in CC and loans. My income was slashed by $50,000. Barely make minimum payments I need advice? Pete” The Answer: Dear Pete, You’ve really made it hard for me to give you a lot of specific advice since I only have limited information. Your level of credit card debt [...]
- Rebecca And Her Husband Are Struggling to Keep The Business Going
“Dear Steve, My husband and I own our own business but have been struggling lately. I work a 9-5 job while he stays at home to run the business. We owe a lot of debt in credit cards from working to get the business up and going – and we’re just a few hundred dollars [...]
- I Am 60K in Credit Card Debt And They Are Raising My Interest Rates. – Teresa
“Dear Steve, I am in 60k in credit card debt. All payments are current but am reaching the point where the payments could start slipping. I’m receiving notices from the credit card companies that terms are changing. With this kind of debt, I could be in real trouble soon. I need one payment and then [...]
- I’m Making My Minimum Payments But It’s Getting Tough. – Barbara
Barbara “Dear Steve, What can I say. With the ecomony the way it is it seems that prices for everything continues to rise but my paycheck doesn’t. I am grateful to have a job but the interest rates on my cards are making it extremely difficult to balance my family needs such as, groceries, car [...]
- My Wife and I Made Mistakes. I Can’t See a Way for the Family to Get Out of Debt. – Gary
Gary “Dear Steve, My wife and I do not use our credit cards any more. We did use them at one time just to survive. We also used them to pay for a vacation or two. One more thing in my job I was traveling for about 5 years and would use my personal credit [...]
- I Carry Very High Balances On My Credit Cards. – Joyce
Joyce “Dear Steve, I CARRY VERY HIGH BALANCES ON MY CREDIT CARDS,AND ALWAYS MAINTAIN TO PAY MORE THAN THE MINIMUM (NO LATE PAY EITHER). WITH A FEW BANK MERGERS, I’M RECEIVING A CHANGE OF RATE FROM FIXED TO VARIABLE APR..AND IF I DON’T AGREE CLOSE THE CARDS,WHICH IN TURN LOWERS MY CREDIT SCORE.I DON’T KNOW [...]
- We Were Paying All Our Bills and Then the Credit Card Companies All Raised Their Minimum Payments. – Liz
“Dear Steve, It’s not as if we don’t know what happened. As a couple we have an excellent and good credit rating. One month we were paying everything on time and the next everyone raised their interest rates and minimum payment and we didn’t have the money to make ends meet. The only things we [...]
- Someone Said $50,000 is Not Enough Debt for Bankruptcy. – Michelle
“Dear Steve, We are keeping up to date on our credit card minimums barely. We have regular income, but now all of our minimums have increased with the new regulations. We have about $50,000 in credit card debt and we make about $65,000 a year. We used our tax check on some bills but are [...]