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How To Get Out Of Debt

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

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“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

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“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

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“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

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“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 »

Single Mother Trying to Raise 6 Kids While Working Part Time. Capital One is Suing. – Sunny –

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“Dear Steve, I’ve always paid my bills on time and eventually obtained a credit score as high as 720. I became pregnant in 2009 and 4 months into my pregnancy I started getting complications and was ordered to bed rest by my doctor. I was out on medical/family leave for my remaining 5 months so I only received half of ... Read More »

My Boyfriend is Helping With the Bills But I’m Still Drowning in Debt. – Lindsay

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“Dear Steve, — 30 Years old, unmarried, live with partner. — Sold car last year to pay off debts, but ended up having to use the extra cash for emergency expenses. — About $22,000 in unsecured credit card debt. Have been working on it about 10 years, but it has only grown. — Approximately $43,000 in student loans (Federal, not ... Read More »

I’m Distraught, Depressed, and Anxious About My Debt. – Janine

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“Dear Steve, I’m a 42 year old professional, recently divorced. I took all the debt, left him all the assets, i.e. collateral, for a 401k distribution as settlement, which I’ve basically been triple taxed on and came out still far down in the hole. Then I got laid off and have been in the process of starting my own company ... Read More »

We Just Can’t Get Caught Up on Our Bills and Debts. – Beth

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“Dear Steve, Divorcee’ with one child, remarried, living in home that is mortgaged under my ex-husbands name only and the deed is in my name only (don’t ask how-lol). Remarried we both work full time jobs My credit WAS descent, until the wedding, honeymoon, car issues and he got laid off. Now things are looking up, but my cards and ... Read More »

Had Cancer, Retired, But Want to Avoid Bankruptcy. – Jack

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“Dear Steve, Cancer forced retirement at age 65 (two yrs ago). Have no income except Soc-Sec and Sm-Pension ($3,000 total). I’m current on mtge (PITi $2300/mo) and on Credit Cards (4ea, w/$50K balance, paying $1300/mo). Yes, spending everything including ‘extra’ from wife’s $350/wk take-home pay. (She’d like to retire next year if she can–assuming we rid ourselves of the unsecured ... Read More »

I Can Make My Payments But Want to Get Out of Debt Faster Before I Propose. – Joshua

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“Dear Steve, So here is my question. I’m 32 years of age. I’m in credit card debt of about $25,000.00 with nothing to show but painful memories. I own no home, my vehicle is paid off, I have no kids. I am however planning on asking my beautiful girlfriend to marry me this summer with a wedding date to be ... Read More »

We Have a Bunch of Equity In Our House But Way Too Much Credit Card Debt. – Lisa

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“Dear Steve, three years ago we refinanced to a 30 year, 4.9 mortgage. we paid off all debt and embarked on a kitchen remodel. Halfway thru the remodel (at the absolute point of no return) I was laid off. I found another job seven months later, but in the meantime we had to power thru–scaling back to barebones the remodel–by ... Read More »

We Want Our Credit Card Debt Gone. – Erin

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“Dear Steve, I have credit card debt and need help. I have $3000 at 14% interest, 10,000 at 18%, and another $17,700 at 18%. As of right now our mortgage and all these cards are paid up. I had been late on a mortgage payment about a month ago, but this too was caught up. However, we are self employed ... Read More »

American Express Won’t Let Us Continue Our Payment Plan We Established. – Kim

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“Dear Steve, We racked up $25,000 in debt to American Express on just one card and paid it down to $19,000 before being unable to make the $483 minimum payment each month. This was primarly due to daycare costs after having our first child. Daycare costs between $200 and $165 a week here is Gainesville, FL. We were sent straight ... Read More »

Should We Sell Our Car And Focus On Getting Out of Debt? – Nick

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“Dear Steve, My wife and I have built up about $28K in credit card debt over the last 4 years. We are finally getting serious about budgeting like crazy and put together a plan to pay it off in 3 years. We were given a 36 month loan at 3.25%. We will make payments of $832/month. Are only other debt ... Read More »

If Breakout Incomes is a Scam Then What Can I Do From Home Online to Make Money? – Brandon

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“Dear Steve, Ive been out of work the past 2 years and was looking for online work. One that really works! I was looking at Breakout Incomes and it didn’t sound too legitimate after reading your review. So Im here now asking you what does work? Im sick of being broke, stressed i cant make payments, depressed I cant do ... Read More »

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