“Dear Steve, We are in debt for about $55,000. I am behind on 3 of the credit cards. I contacted MMI and they can do a payment plan that is about 1045.00 a month. They charge a 50.00 set up fee and 40.00 a month, are these reasonable fees? I am getting farther and farther behind on the debt. I ... Read More »

“Dear Steve, I OWE ABOUT 20 K TO THREE DIFFERANT CARD COMPANIES. SHOULD I TRY A DEBT COUNSELING COMPANY OR CAN I NAGOTIATE MYSELF WITH THE COMPANIES OR WILL THEY REALLY LOWER MY DEBT. VERN” The Answer Dear Vern, Yes. Seriously, it really depends on if you can afford to repay your debt. If you can’t check out bankruptcy. If ... Read More »

“Dear Steve, I stumbled across questions re: The Achievable and now I am totally confused. We have been participating in their program for almost 2 years. And to my knowledge our three creditors have been receiving their payment. I guess my questions is: am I putting to much trust in the Achievable. Am I getting screwed by paying a $50 ... Read More »

“Dear Steve, I am 25 years old and have $10,000 in bad debt all of the debt has been sent to collections. I want to get all of this paid off in a year. I moved back home inorder to be able to pay this off. The reason I am in so much debt is due to legal troubles and ... Read More »

“Dear Steve, My husband has a credit card with a $10,000 balance and interest at 23%. needless to say it is impossilbe to get the balance down. he was also laid off last year which doesnt help. i am interested in making a “deal” with Chase if its an option. we have been late on a couple payments over the ... Read More »

“Dear Steve, Hello. I seem to have gotten myself deep in debt. I don’t want to file bankruptcy. Is there a good credit counseling, debt relief company/group that can help me lower payment or cut my debt. I have heard most freeze your accounts and it shows up on your credit. Thanks for your help. Landi” The Answer Dear Landi, ... Read More »

“Dear Steve, My wife went into a program with DebtWave that was turned over to Johnson Law, but the legal papers keep coming. My income is has diminished as I have taken a very low paying job to survive. If she cannot continue these very large payments, as my low paying job will soon end, and has to declare bankruptcy, ... Read More »

“Dear Steve, Hi! I have 3 credit cards that have over $2000 each on them. I have not been paying on them for about 6 months. I have collectors calling me but I can avoid them easily. The only thing that bothers me is that now the minimum payment on them is between $600-$800 each. Of course I cannot pay ... Read More »

“Dear Steve, I have recently been seeing commercials that report there are helps out there if you have more than 10,000.00 in credit card debt. I have just about that as well as all the normal bills most people have. Not sure how I let that happen but…anyway, are there options out there that really cut your debt like that ... Read More »

“Dear Steve, I’ve been reading your articles now for a couple of weeks and I’m seeking advice about DMP’s. I contacted Cambridge Credit Counseling Service and told the counseler about my situation and CCCS came up with a DMP that I am now considering. My concern has to do with the numerous complaints about Cambridge that are found on the ... Read More »

“Dear Steve, 19,000 dollars in credit card debt. Fixed income of 1400 per month SS and maybe 1000 a month in extra earned income. Payments to Credit Cards are currently 450 per month. (11,000 of the 19,000 is on a zero interest card due to begin to charge interest in six months) – Card companies not willing to negotiate. Credit ... Read More »

“Dear Steve, We went through a rough period when our second child was born and built up some credit card debt. We had been able to coast along with overtime, etc but things have now come to a head. We are a little late on all our credit cards and just staying afloat. I have spoken to a credit counselor ... Read More »

“Dear Steve, Can you give me your honest, most expert opinion as to whom is the best out there for Credit Counseling and/or Debt Management? Lee” The Answer Dear Lee, Believe it or not, that’s a really hard question to answer. The problem is that a technically adept provider does not mean best overall for the consumer. I’ve seen some ... Read More »

“Dear Steve, I am in over my head and I really don’t have a clue if I can ever get out of debt. I have six credit cards, most of which i have closed. I currently am making minimum payments on my credit cards (6) and the loan I took out from Bank of America. Totally I owe 30,000 with ... Read More »

“Dear Steve, I have an account with Allegro Law. I found out by accident that the company is not in business anymore, but my money is still being taken out of my account and being paid to my creditors. I have moved and need to give them my new address, but can’t get ahold of them. How can I get ... Read More »