We’ve Got Some Debt and Can’t Afford to Buy a House. – Ross

“Dear Steve,

10,000–sallie mae, 12,000–car (pentagon federal) we cant afford a house…still renting with large family.

Uh, I’ll be honest…I thought I had a question, but after looking at many of your other reader questions, I see that I actually have it pretty good. Your website has made me feel better, although I feel bad for the others. All the best to you, and much luck in continuing your great service.


Dear Ross,

I know the private student loans are painful. If they were government backed loans you’d have some options.

It sounds like you are digging your way out of debt, albeit slower than you’d prefer.

If you are looking for a free service to help you on your debt free journey, consider looking at ReadyForZero.com as a way to tack and measure your debt free progress.

While the numerical value of your debt is lower than compared to others the real measure if the impact it has on your life. Financial problems are either solved by increasing income, reducing expenses, or a combination of the both.

Please post your responses and follow-up messages to me on this in the comments section below.


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.

Do you have a question you'd like to ask me for free? Go ahead and click here.
Damon Day - Pro Debt Coach

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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.
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1 thought on “We’ve Got Some Debt and Can’t Afford to Buy a House. – Ross”

  1. You know how to sum up an issue very well. I read your bio—the only things you haven’t done are led a philharmonic symphony and flown on the space shuttle. It also seems quite a contradiction that such a busy person can answer a question about debt so fast…unless he loves life and knows the objective of life is to help others. You’re very inspiring.  Family first, helping others first, etc.   It’s so frustrating, but one day we’ll get a house, in the meantime I’ll check out readyforzero, and also try to help others the best I can.

    All the best to you and your family.


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