Tag Archives: paycheck to paycheck
- Made horrible mistake getting car loan for boyfriend. Please help get this car out of my name! – Jocelyn
I really made a big mistake with a car loan for someone else. I bought a house by myself earlier this year which is going fine. I have a 157K mortgage loan. My long-time boyfriend was unemployed and his credit isn’t that good and of course, he needed a car, perfect timing. We initially went [...]
- We Can’t Ever Get Caught Up In This Financial Mess. Should We Consider Debt Settlement? – Nathalie
“Dear Damon, I lost my job 4 years ago, my son graduated at the the time and is still looking for a real job, so we have more expenses (helping my son to survive, rent, food car..) and less income. We are 4 people living on one salary. On top of that we had to [...]
- Credit Card Consolidation Program is Not Working For Us. – Peter
“Dear Steve, My wife and I moved about 10 months ago for me to start a new job and it seems that our debt situation has gotten worse to the point of now wondering if we can make it month to month. We are both currently employed but it seems that our paychecks are not [...]
- Bills Are Paid But Seriously Struggling to Stay Afloat. – Kelly
“Dear Damon, 25 years of marriage, lots of really bad financial decisions. We are seriously struggling, barely staying afloat. At this current time all our bills are paid up to date. Son is in college, daughter will be a junior in high school. We owe more on our house and 1 vehicle than they are [...]
- Half of Americans Tapped Out and Broke. Anyone Surprised?
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 [...]
- I’m Being Sued by a Creditor And Was Told Only Chapter 13 Bankruptcy Might Be Right For Me. – Tim
“Dear Lewis, i am being sued by collection/ law firm(s) have received a citation of suit from a lawyer representing citibank. i have done online search for low cost attorney and spoke with one on the phone for court representation, he then pointed me towards a bankruptcy lawyer because he knew the suing firm well, [...]
- I’m Living Paycheck to Paycheck After a Divorce and Can’t Make a Dent in My Student Loans or Credit Card Debt. – Tonya
I have just over $20,000 in student loans, $8000 car loan, $700 credit card, I’m working on paying off a charged off credit card of about $3500, and I have a hospital bill of around $1400. I currently make $23712/yr. I’m making minimum or Income Based payments on All of them and now my IBR [...]
- My Husband’s Business is Starting to Recover But We are So Overloaded in Debt. – Lisa
“Dear Steve, In 2001 my husband, an engineer, left his company and started a business with 2 partners. The company was doing well and they were giving themselves about $7,000/month in take home pay each. In 2007 we moved to a slightly larger house, increasing our mortgage by about $1,000/month. Long story short – large [...]
- How Do I Get Out of Debt? I Got Stuck on Credit Cards in College and Still Trying to Dig Out. – Sarah
“Dear Damon, I’m 33 years old and have about $15,500 in credit card debt. Like many college students in need of cash I naively got sucked into getting credit cards many years ago and now have 5 credit cards in which I’m only able to pay the minimum amounts due each month. Although I have [...]
- The Past Few Years Has Been Very Difficult. I’m Living on Borrowed Money. – John
“Dear Steve, I’m self-employed and have been so since graduating college back in 1997. I operate an online business, selling ads on websites that I build. Some years ago I was making good money, but the past few years have been really quite difficult to say the least. Living on borrowed money and living beyond [...]
- I Don’t Believe You Will Help Me for Free. – Mona
“Dear Steve, I stumbled onto your website quite by accident, and have been reading the various articles and information you’ve provided. I am amazed that you would offer your services of financial counseling totally free, as I’m reminded of the old adage – ‘if if sounds too good to be true…’ However, out of sheer [...]
- My Wife and I Have Been Struggling to Get Out of Debt Ever Since We Got Married. – Ryan
“Dear Steve, My wife and I have been struggling to get out of debt ever since we got married. Our monthly debt is as follows: mortgage $1,700, car payments $436, student loans $360, and $600 to her father for a $20K loan we borrowed from him, and about $600 on credit cards. After paying our [...]
- Bankruptcy is Out of The Question and We Want to Pursue Debt Settlements. – Sandy
“Dear Steve, DROWNING in CC DEBT! To give backround we have been looking at many options including Bankrutpcy even though we have not consulted an attorney yet and from what we read we make too much for Chapter 7 and 13 would be impossible since we owe 100,000 in CC and in Chapter 13 he [...]
- We Live Paycheck-to-Paycheck But Don’t Want to Hurt Our Score to Get Out of Debt. – Lori
“Dear Steve, My husband and I are in over 65k in credit card debt. We make the minimum payments every month on all our cards. We are in good standing with all of them, but we live paycheck to paycheck and we have no savings. We also don’t want to hurt our credit score. I [...]
- I Was in a Debt Management Program and Now My Husband is in Trouble. Scared Mom in Michigan
Scared Mom in Michigan 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 [...]