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How To Get Out Of Debt

I’m a Former Real Estate Appraiser With a Bunch of Debt. – Marc

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“Dear Steve, I was a real estate appraiser with my own business. When the market went south, so did my business. During that time, my wife was pregnant (we have 2 kids) and lost her job. I was using credit cards to stay afloat, before I got a job, but my wife was out of work for 2 years at ... Read More »

Which is the Best Debt to Pay Off First? – Taylor

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“Dear Steve, I have some extra money this month and wanted to know which was the best way to go. Pay on the cards with the smallest balances or highest or is the better route the one with highest interest? Taylor” Dear Taylor, If you’ve come into some extra money I’d first suggest you save a third of it before ... Read More »

Is Bankruptcy or a Debt Repayment Program the Best Option for Us? – Janet

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“Dear Steve, Moved to Ohio 3 months ago, from CT where we were delinquent on our upside home mortgage and managed to renegotiate the second mortgage to 20% of the total, then were able to sell our house and relocate. We were able to find a private individual to finance our new house for us as our credit was shot….we ... Read More »

I Make Enough Money And Pay My Bills On Time But My Credit’s Not Great. – Anya

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“Dear Steve, I make a decent salary (120K) and recently bought a used car (credit pulled) and moved from TX to CO (credit pulled). I have been weighed down by about 17K in debt for several years – just sort going up and down, up and down. I am ready to do whatever it takes to be debt free (I ... Read More »

Carrying Credit Card Debt for 13 Years And It’s Grown. What Now? – Laura

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“Dear Steve, I’ve been carrying credit card debt since grad school in 1988 – it went from 15,000 to 40,000+ plus in 29 years. I’m gainfully employed, but am 55, living on one income and supporting 2 people. My 81 yo mother lives with me and does not receive enough from Soc. Security to cover her living costs. I’m groaning ... Read More »

We Are Working Hard But Not Getting Anywhere on Getting Out of Debt. – Jenn

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“Dear Steve, My husband and I are both working everyday– with No days off– we are JUST PAYING our maxed out credit card bills– $45,000– + –mortgage on our house–$122,000– home equity $42,000-etc.- the bills never go away– they keep getting bigger– and we do not even use them anymore– late fees, CRAZY interest, etc. I am in a bad ... Read More »

My Elderly Father Now Has Parkinson’s and My Mother Has Never Worked. They Are Broke. – Cindi

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“Dear Steve, The question is for my parents who are in debt. They have about $30K in credit card debt. My mother has never worked and is 74. My dad has worked his whole life and is 75. 6 years ago he was laid off and started to work full time in real estate, which he had done part time ... Read More »

Disabled, Maxed Out, and Want Good Credit. – Kathy

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“Dear Steve, Credit cards are maxed out and living expenses keep going up. I am current on all bills. I use to work 2 jobs and had plans to be debt free by Sept. 2011, became disabled a little over 2 yrs ago and now am on a fixed income. I don’t want to harm my credit any more than ... Read More »

My Debt is Freaking Me Out. – Jen

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“Dear Steve, I have a lot of debt, well I think it’s a lot anyways. I think it’s somewhere along the lines of 15K in unsecured debt. I am not late on anything and haven’t been in a very long time. I have a bankruptcy that was disharged 12/2002. The amount of debt is kind of freaking me out and ... Read More »

Should We Drain What’s Left in the IRA to Pay The Mortgage? – Susan

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“Dear Steve, My husband has a IRA account that he had transferred from his previous job, and it was not much. We took money out last year to keep our heads above water. Now we are down to only $15,000.00 in our account. We see losses everyday, and we need the money now to survive. He had cuts in his ... Read More »

I’m Current But Maxed Out and Want to Get Out of Debt. – Julia

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“Dear Steve, I have 45k in credit card debt I am single just started a new job which is based off of commision. I am current on all of my bills no lates or over limits I am at 80% of limits, however I can only pay minimum payments on the bills. Please give me some idea as to what ... Read More »

Getting Out of Debt Quickly. Is There a Way? – Connie

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“Dear Steve, I have over 10,000 in debt. Most is a credit card and loans. I have debt collectors calling me all the time but I don’t answer. I would like to pay off my debts but recently I quit my job and have to way to pay. I need help and would like to be debt free. How can ... Read More »

Lost a Job and Trying to Pay the Bills. Should We Refinance? – Jenna

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“Dear Steve, Our problems started 7 years ago when our daughter was born, her medical issues, then my husband lost one job (he was working two, to pay medical bills) we were doing pretty well until he got laid off in March. We went from $4,000 a month to a little over $2,000. I got a job driving for our ... Read More »

Debt Snowball Spreadsheet to Dig Out Fast. – Robert

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“Dear Steve, Which is better to pay off a credit card with the higher rate first …or a second credit card…lower balance but lower interest..what is the best way to get them off of me. I have heard pay off the one with the biggest interest first and I have also heard you pay off the credit card with the ... Read More »

How Can I Lower My Capital One Credit Card Interest Rate? – Kelly

“Dear Michael, I’m 49 and married. Credit card is with Capitol One and I’ve had it for at least 6 years. No late payments. I don’t remember what my interest rate used to be, I think around 18%, but they raised it a couple of years ago to 24%! A few months ago my limit was raised from $3000 to ... Read More »

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