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Ask The Get Out of Debt Experts

This category is for questions readers have asked our experts directly for advice and guidance on how to deal with their debt situation.

If you would like to ask for free help, you can do so here.

President Biden Is Under Pressure to Extend Pause on Student-Loan Payments. What Will That Cost?

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Federal student-loan borrowers are disappointed by federal court decisions that have stopped President Biden’s student-loan forgiveness scheme. Advocacy groups are arguing that Biden should extend the pause on student-loan repayments until after the legal challenges to his loan-forgiveness plan are resolved. College borrowers are currently expected to resume monthly loan payments in January 2023. By that time, …

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I Went to St. George’s University, Got Bad Information and I’m Deep in Debt

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Question: Dear Steve, $568,000 in student loan debt between undergraduate and medical school. I went to St George’s University a massive for-profit medical school in Grenada. The education was fine, but the cost of attending was extremely misleading, and I was told I could do my clinicals in Connecticut (my home state), which would have …

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I Took Out a Credit Card to Make Money for Dental Work and My Plan Didn’t Work. They Are Asking for Income Verification and Suing Me.

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I Took Out a Credit Card to Make Money for Dental Work and My Plan Didn’t Work. They Are Asking for Income Verification and Suing Me.

Question: Dear Steve, I am on SSD because I have Liver Cancer, Degenerative Spine Disease, Fibromyalgia, Narcolepsy, Asthma, PTSD, ASD, and Depression. A couple of years ago, I got an offer from Discover in the mail for a credit card. I got this bright idea that I could buy some things and fix up my …

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I Want to Enter The Financial Hardship Program for My Credit Card Debt

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I Want to Enter a Financial Hardship Program for My Credit Card Debt

Question: Dear Steve, I maxed out my credit cards during covid/the last two years. I want to enter into the financial hardship program for my highest card, but they close my account at the end of the program. Will this hurt my credit more than it’s currently being damaged from being at my total limit …

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