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I’m in The Navy. My Wife is Stuck in South Korea and I’m in Debt. – David

I am serving in the US Navy and I just got married this year. I have been stationed stateside in WV for my current duty assignment. I have gotten myself into debt like most people. My wife is stuck in Republic of Korea (South Korea) waiting for the visa process. This living situation has really put me into a serious financial situation. I have about $25,000 of total debt. I could pay this off if I was able to consolidate all my debt into one loan or payment and could even pay $800 – $1,000 a month via direct deposit from my Navy paycheck. But because of a bad credit score and the amount of total debt I can’t get anyone to give me a consolidation loan.

Is there any help or advise you can give me to obtain a consolidation loan to save my life. Because right now I feel that I am on the way to loose my new marriage and my job as a Navy officer if I do not take care of this now and quick. Please help me

David




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Sincerly,
Steve

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.


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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

4 Comments

  • David- You can explore a consolidation company. We support one here with a longstanding A+ and no complaints on the BBB that was orig set up only for military personnel. Credit score is not an issue, affordability is. Generally can have you out of debt within 5 years by negotiating lower int rates. Not a guarantee that your creditors will accept however, but most do. Payment usually is close to your minimums. Let me know if that’s helpful.
    Debt settlement is NOT an option for military personal. Also, you should check with your C.O. Often, you may find help from the military itself.

    My personal email is [email protected]

  • David- You can explore a consolidation company. We support one here with a longstanding A+ and no complaints on the BBB that was orig set up only for military personnel. Credit score is not an issue, affordability is. Generally can have you out of debt within 5 years by negotiating lower int rates. Not a guarantee that your creditors will accept however, but most do. Payment usually is close to your minimums. Let me know if that’s helpful.
    Debt settlement is NOT an option for military personal. Also, you should check with your C.O. Often, you may find help from the military itself.

    My personal email is [email protected]

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