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

Sally wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

I Supported Someone for Three Years That Completely Drained Me. – Jessica

Jessica wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

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 wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

Rebecca And Her Husband Are Struggling to Keep The Business Going

Rebecca wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

I Am 60K in Credit Card Debt And They Are Raising My Interest Rates. – Teresa

Teresa wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

I’m Making My Minimum Payments But It’s Getting Tough. – Barbara

Barbara wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

My Wife and I Made Mistakes. I Can’t See a Way for the Family to Get Out of Debt. – Gary

Gary wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

I Carry Very High Balances On My Credit Cards. – Joyce

Joyce wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]

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 [...]