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How To Get Out Of Debt

How Can I Help My Son Who Works in a Bank to Get Out of Debt Fast? – Ellen

“Dear Steve, Need help for my son to get his debt straightened out. Back in 2004, I moved to Florida to help care for my ill elderly parents. My son and daughter were staying in PA. Their dad and I were divorced, so him and their aunt were going to look after them. Dan, my son was going in his ... Read More »

    I’m a Single Mother Stuck in Debt. I’m Stressed, Apprehensive, and Worried.

    single mom

    “Dear Steve, Hi Steve, I am a 35 year old single mother, who has about $15,xxx.xx in credit card debt. I’ve been robbing Peter to pay Paul, and need a smart way out. Can you please give me insight, as to how I can get out of debt, without using a debt consolidating company? I’ve been considering using one of ... Read More »

      Should I Go With Money Management or Novadebt Like My Credit Card Company Suggested? – Rhonda

      Ready to Collapse

      “Dear Steve, I have one credit card card with 12,000 then another with 8,000 with 15% and a store card with 2,000 paying out about $550 a month was considering debt consolidation because the finance charge on the $8,000 is $108 a month. I have looked at so many companies and i can’t decide. One credit card company listed 3 ... Read More »

        Do I Turn to a Debt Management Company Like Greenpath to Get Out of Debt Now? – Alexa

        Ready to Collapse

        “Dear Steve, I’m 23 years old and just under $3,000 in debt. Most of these are unpaid medical bills–lab fees, doctor visits or even co-pays. The rest includes an old cable bill and old utility bills that were put in my name by my parents at the age of 18. My parents also had trouble with their credit, and both ... Read More »

          I Live in NYC And have Great Anxiety About My Debt. – Jessica

          Ready to Collapse

          “Dear Steve, In the scheme of things, my situation is probably not as bad as others but it still calls me great anxiety. I’m 25 years old with a 50k income and 10,000 debt on one credit card. I live in NYC and have an expensive rent. I was hoping you could help me figure out the best way to ... Read More »

            Should I Take Out a Home Equity Credit Line to Pay Off My Credit Card Debt? – Joni

            Ready to Collapse

            “Dear Steve, Credit card debt about 30,000. I contacted you before but my computer crashed and I can’t locate your email. Own a home, never late on mortgage, pays credit cards on time. Interest rates are so high I’ll never catch up. I’m thinking on a home equity credit line to clear up this debt since its impossible to clear ... Read More »

              I Owe the Place I Got Married. I Think They Are Going to Sue Me. – Ashley

              Ready to Collapse

              “Dear Steve, I owe the company where i got married about 2,000 dollars, i know its a small amount but right now its harder than ever to come up with even a small portion of that. My husband just recently went back to work after being ill for about 9 months and things are really tough right now. I cant ... Read More »

                Our Credit Scores Suck, We Have No Savings, and We Are in Collections. – Tara

                Ready to Collapse

                “Dear Steve, My credit score is 580, my husband’s is 608. We are both in our early 30’s and we have a son. We have a combined debt of $31,000 which includes students loans, credit cards, and debt collections. We pay the bills on time but are struggling and have made a couple of late payments. We have no savings ... Read More »

                  I’m a Single Female Who Wants to Deal With My Debt and Do Better. – Maria

                  Ready to Collapse

                  “Dear Steve, I am a 46 year old female who is considering filing bankruptcy. I owe approximately 38k in IRS taxes and 60k in student loan debt. I also owe approximately 20k in personal creidit card debt. Most of hichnis in charged off status. Last year I started working independently in hopes to increase my income and create a financial ... Read More »

                    I Hired a Scam Company to Help Me With My Discover Card. What Should I Do? – Joan

                    Ready to Collapse

                    “Dear Steve, I was trying to modify and consolidate my Discover Card at the same time. The company I hired scammed me. I paid them over $4,000. Now I am being sued by Discover. I called the collection agency to work out payment agreement. They want an unreasonable amount down payment of $5000 and $400 a month. I am already ... Read More »

                      I’m a Police Officer With an Underwater House And I Want to Get Out of Debt. – Jim

                      Ready to Collapse

                      “Dear Steve, I am a police officer with a part time employed wife and 2 toddler children. We have about $66,000 in debt ($53,000 from HELOC that was used for home purchase and $13,000 in credit card debt). We have been slowly paying off the credit card debt by completing balance transfer offers, etc. We do not use these cards ... Read More »

                        I Will Never Get Out of Debt, Will I? – Joni

                        Ready to Collapse

                        “Dear Steve, Credit card debt totaling about $50,000. High interest rates. Payments made on time but I want to consolidate and lower interest rates. I have 2 credit cards with high interest rates (17%+). One is about 17K and the other nearly 10K. Both are not willing to lower their interest rates even though I pay regurlary every month. At ... Read More »

                          I Feel Like I Can Finally See Hope About My Debt. – Maria

                          Ready to Collapse

                          “Dear Steve, First of all I want to say the BIGGEST thank you to you. I’ve been in debt for over 7 years and finally came to accept it and decided to really do something and your blog is just so informative and really uplifting – I feel like there is a light at the end of the tunnel. an ... Read More »

                            My Retired Parents Had Their Account Levied by the IRS and Their Debts Are Getting Larger. – Sara

                            Ready to Collapse

                            “Dear Steve, My parents are 70 and 73 years old, and they are retired now. They have 250K of debt in the form of a home mortgage and an equity line. They have an additional ~40K of credit card debt. Between the two of them, they have 420K in traditional IRAs. They have about 5K (after taxes) per month coming ... Read More »

                              I Can’t Get Out of Debt With What I Make. What Can I Do Without Hurting My Credit? – Michelle

                              Ready to Collapse

                              “Dear Steve, I took all the debt from my previous marriage plus a mortgage. I have been able to pay at least the minimum for the last 3 years but have been unable to pay down anything. I have asked for rate reductions, etc. One card offered me a temporary rate reduction but the others have not. My credit was ... Read More »

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