My Mother is on Medicaid and Bank of America is Owed Money

Sad Elderly Lady

Question: Dear Steve, Hi – I have a question – my mother is in a nursing home, Medicaid pays for the home – she must turn over her social security and small pension to them each month. She has no money – she has a credit card from Bank of America with $3500-$4000 on it – she is the only ... Read More »

    My Elderly Father is Going to Move in With Us But He’s Got Debt. – TJ


    “Dear Steve, My mother passed away Aug. 2012. My parents were married nearly 63 years. Their budget was based upon both their retirement incomes. After severely cutting monthly expenses we still find that keeping the house (along with utilities to live there) leaves him with absolutely nothing left over each month.We also have medical expenses we are trying to satisfy ... Read More »

      My 78 Year Old Mother is Struggling Under Her Debt. – Dorothy


      “Dear Steve, My mother is 78 year old and has accumulated a significant amount of credit card debt (14,000). This debt is spread across nine different credit cards with varying interest rates which she attempts to keep current paying minimum payments. She has used balance transfer options when possible to reduce interest rates. However, she has had some trouble at ... Read More »

        My Wife Had to Quit Her Job to Take Care of Her Parents. – Charles

        “Dear Damon, We were doing fairly well until my wife had to quit her job to take care of her parents, both of us are only children so not much choice. Anyway, from an asset standpoint, we have 2 homes , both valued at about $115,000 ea. One we owe nothing on, the other we owe $106,000. All cars are ... Read More »

          My Elderly Mother Just Got Sued by Citibank. I Think She’s Judgment Proof. – Kay

          Ready to Collapse

          “Dear Steve, I asked a question a few months ago about my elderly mother’s sitation, I am her caregiver, (see link in background info of this form). Yesterday Friday 4.8 she was served with papers by Michael J. Scott representing Citibank and has 20 days to respond. My mother is judgement proof her only income is social security and a ... Read More »

            My Mother is on a Fixed Income But Has $87K of Credit Card Debt. – Christopher

            Ready to Collapse

            “Dear Steve, I have 2 situations: 1) 51 year old male, am unemployed, have approx $45K in debt 2) mom, 72 years old, $87K worth of CC debt, fixed income, playing interest every month, but getting no where. I was actually wondering if you recommend the various services that advertise on your website, or if you have a list of ... Read More »

              I Am the Caregiver for My Elderly Mother Who Owes Discover, Citi and Chase. – Kay

              Ready to Collapse

              “Dear Steve, My elderly mother for whom I am caregiver and have power of attorney is in debt to three credit cards (Discover, Citi, Chase) and has a total income of $2,000 a month from social security and a pension, due to a combination of depleted savings, rising costs, and other expenses, etc. we can no longer meet minimum payments ... Read More »

                I Am 73 and So Stressed. I Keep Robbing Peter to Pay Paul. – Patricia

                Ready to Collapse

                “Dear Steve, I am a 73 year old senior. I work 5 days a week and receive social security. I have debts from way back when I was married and some more recent ones. I probably owe between 10 and $20,000. I cannot answer the phone and if I do I get harrassed. I am so stressed and I keep ... Read More »

                  My Mother Was Recently Diagnosed With Dementia and She Owes Discover. – Kim

                  Ready to Collapse

                  “Dear Steve: First, I want to say thank you for your help with my debt situation as you made my decisions much easier to make with your answers. How ever I now need some advice regarding my mothers debt problem with discover. She was recently diagnoised with the onset of dementia and is now living in an assisted living home ... Read More »

                    Should I Bailout My Parents From Their Debt? – Angela

                    Ready to Collapse

                    “Dear Steve, My parents owe $36,000 in credit card debt and have a $120,000 home equity loan on their home (valued at $285,000). They are in their late 70’s. My father does not work and my mother works a $9.00/hr. job. Their total monthly net income including SS is around $3000. They have been turned down for additional home loan, ... Read More »

                      How Do We Deal With My 78 Year Old Mother and Her Chase Credit Card Debt? – Christi

                      Ready to Collapse

                      “Dear Steve, My mother is 78 years old and has one major credit card with Chase current balance is $16,575.00 . Mom is the only person on the account as our father passed away 25 years ago. Mom has lived with me for the past 10 years. Her only income is her social security each month. She always pays the ... Read More »

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