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Ask The Get Out of Debt Experts

Should We File Bankruptcy Because of Business Debts?

Writing Q&A, Questions and Answers on a blackboard.

Money, Credit and Debt Advice – Get Out of Debt Guy Question: Is There Hope for Us in Bankruptcy? Dear Steve, We have roughly $80,000 in credit card debt. We have 4 children, 2 in college and 2 yet to go. We own a small business that we run out of our home in addition to my being a teacher. ... Read More »

    How Can I Get the Debt Collector to Stop Bothering Me?

    Debtstar

    Question: Dear Steve, I’m getting really tired of being hassled for an old debt I don’t owe. I keep trying to explain to the debt collectors that I don’t owe the bill they keep trying to say I need to pay. What can I do? Mary Answer: Dear Mary, Being chased for a debt you don’t owe is not fun. ... Read More »

      The Hospital Turned Me Over to Collections. Can They Do That?

      debt1

      I recently had procedure at hospital. Insurance paid their part. I have my part to three different people. I tried making arrangements with hospital of $100/month – they said that’s not enough for it to be paid in 6 months. I said what’s the deal with 6 months? She replied that if I don’t have them paid in full in ... Read More »

        Should I Eliminate My Debt With Debt Settlement or a Debt Negotiator?

        millennials_credit

        “Dear Steve, I am looking for help to get my debts in order. I owe approx. $30,000 (9) credit cards, (1) loan. The accounts are all closed and are shown as being charge offs. I don’t know if I should go the Debt Settlement route or Debt Negotiator route. I’m starting to get phone calls and letters from these creditors ... Read More »

          Should I Take Out a Student Loan to Payoff My Wife’s Student Loans?

          student-loan-debt-680x430

          “Dear Steve, My wife and I both finished our undergraduate degrees, I did not have any debt, while she accumulated quite a bit of debt. I am currently in dental school, and while I still do not have to take out loans for school, I have access to loans that have a lower interest rate than some of her private ... Read More »

            My Ex-Husband Stopped Paying the Student Loans and I Cosigned

            Divorce papers and cash with misc items

            “Dear Steve, I cosigned for a private student loan for my exhusband while we were married in 2007. There is a court order stating that he was required to refinance the loans in his name only which he never did, so I have proceeded to sue him and he is in contempt of court. He has recently filed for bankruptcy ... Read More »

              Will I Be Caught at the Airport When I Return to the UK for My Internet Bill?

              983041-police-crime-scene

              “Dear Jon, I was student in UK back in 2005-2006. I had a credit card (Nat West bank) and had good history by paying my full debt regularly for almost 3 years. By the end of 2007 I had some bad time and got my self in debt for less than 300-500 pounds (cant remember exactly). Same thing with BT, ... Read More »

                I’m a UK Citizen and Living in the U.S. Can I Go Bankrupt?

                couple working

                “Dear Jon, I am a UK citizen, having resided in US now for about a year. I have moved here following my job, but recently was made redundant. I have debt in UK with regards to credit cards and student loan totaling approx. £25,000. I have struggled paying the monthly amounts now for a few months and am now in ... Read More »

                  Will My UK County Court Judgment Impact My Citizenship Application?

                  uk

                  “Dear Jon, Hi! I was living in UK for about 3 yrs and was back to my home country in 2013. I had a few unplanned overdrafts and a mobile contract on my name which i ignored paying since i hardly had anything with me. Now, I am married to a UK citizen and expecting to move UK in 2015. ... Read More »

                    NJClass and Nelnet Will Ruin Our Marriage and Lives

                    fear is a prison

                    “Dear Steve, My fiancé has a ridiculous amount of student loan debt. He attended Felician College in Lodi, New Jersey, a private school and has $140,000 in student loan debt from two lenders: NJClass/HESSA and Nelnet. The payment from HESSA is $900/month and the one for Nelnet is $600/month. HESSA is impossible to deal with as it is a private ... Read More »

                      Should We File Taxes as Married Joint or Married Separate?

                      Strangest-Taxes-and-Deductions1

                      “Dear Steve, I have graduate degree loans totaling close to $70K now w/interest that I have been paying since 2001. I have been paying a reduced rate ($20/mo) on them for some years now because I haven’t been able to work since our first child was born 10yrs ago. My husband also has sizable graduate loans of about $90K, but ... Read More »

                        Should We Rent or Buy a House?

                        transunion_creditvision

                        “Dear Steve, My wife and I are new to the area and wondering if we should jump right in and buy a house or rent. I hate to rent because I think we are throwing our money away. What do you think? David” The Answer Dear David, I can certainly understand the idea of pride of ownership and the desire ... Read More »

                          My Degree Isn’t Worth the Tuition I Paid With Massive Student Loans

                          stressed-woman

                          “Dear Steve, I’m not really sure that there is a solution to my issue but you seem to know about student loans so thought I would run it by you. Back in 2007 I wanted to go to school to get into the graphic and web design industry. At the time I was working full time so was exploring online ... Read More »

                            How Can We Really Get Out of Debt?

                            No problem

                            Question: What is the Secret to Getting Out of Debt? Dear Steve, My husband and I have been limping along just breaking even for sometime now just trying to dig ourselves out of debt and save money. We’ve cut everything back to the minimum and have to constantly tell our kids to do without. I can’t even afford for them ... Read More »

                              Will I Be Arrested at a UK Airport if I Have Debt?

                              Uk Law

                              “Dear Jon, I left the UK in 2008 under a cloud, a lot of things had gone wrong for me. Among them was debt. I had taken a job for Swindon council who promised to refund my moving expenses during the application process but when I turned up with the bills played dumb and denied any responsibility. So I borrowed ... Read More »

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