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Ask The Get Out of Debt Experts

Is Synchrony Bank and PayPal Doing Something Fishy?

Screen Shot 2014-09-25 at 4.08.27 PM

“Dear Steve, I don’t believe I have been “scammed” in the traditional sense, but I find something fishy about Synchrony Bank (Formerly GE Capital, GE Capital Retail Bank) My story is as follows: I have 3 credit cards with GE CRB and receive notices of change to Synchrony, the usual stuff (my online accts now go to them etc.) That’s ... Read More »

    My Ex-Friend Won’t Pay Me What They Owe And I Cosigned

    angry woman

    “Dear Steve, A friend asked me to use my house for a line of credit for a rental apartment about 7 years ago. I put in $45000, he put in $10000 his boyfriend paid the closing. We stopped talking two years later, but he took care of it and paid the bills. Till last October. He stopped paying the regime ... Read More »

      The Debt Collector Said I Will Be Arrested So I Paid a Debt I Didn’t Owe

      afraid alone

      “Dear Steve, “I was called about a debt that supposedly I owe I was in a consolidation payday debt agreement and I thought all of them had gotten paid got called about sending the police to arrest me at work. Did not want the embarrassment nor the file on my teaching record, therefore, I paid the debt $1200.00 in two ... Read More »

        Can I Take Advantage of a Debt Collector Settlement Offer Error?

        hiding-1

        “Dear Steve, A debt collector mailed me a bill for the total amount of $308.00. It stated in the letter that they are offering me a settlement of 75% on the past due amount. It then stated two times on the letter that the settlement amount will only be $2.31….yes $2.31. I called them to pay the $2.31 and the ... Read More »

          My Wife Went Back to School for a Special Education Teaching Credential and We’ve Got Loads of Sallie Mae Debt Now

          Woman in home office with computer and paperwork frowning

          “Dear Steve, My wife has $38k in new student loans for a Special Education Teaching Credential, the loan is through Sallie Mae. We make $160k/year in California with 8 children, total family of 10. We file Married Jointly. Initial repayment is around $400/month. My wife is currently employed as a special education teacher, full time. Our income may seem like ... Read More »

            How Do I Deal With These Back Taxes and 1099-C I Just Got?

            IRS

            “Dear Jim, I am dealing with several major tax issues with the IRS right now and my situation is very complicated — I really need your help. I am a single female in my 50’s, unemployed, without any income, and have not worked since 2006 due to medical reasons. In March, 2008 I filed a Chapter 7 bankruptcy when my ... Read More »

              Is This Email I Got About an Old Debt for Real?

              fist

              “Dear Steve, Out of the blue I received the attached e-mail. Now I know from reading the Fair Credit Act, that this method of notification isn’t good. The 1st letter I received said they couldn’t reach me about the debt, but the 2nd letter had my name, address, ect on it. I believe this is a scam. What do u ... Read More »

                I’m Being Sued Over an Old Debt I Don’t Recognize. What Do I Do?

                Fight Back - Red Button

                “Dear Steve, Some debt collector has been contacting me by phone about an old debt I know nothing about and saying I am going to miss my court date in a state I have not lived in for 10 yrs. Can they file a law suit if you are not notified in person? Donna” The Answer Dear Donna, I don’t ... Read More »

                  I’m Not Paying My Private Student Loan and Now Live Abroad

                  Abstract Businessman jets off with Rocket Pack.

                  “Hi Steve, I have a non-federal student loan (Sallie Mae -$12K) and have not made a payment on it in over 5 years. Apart from trying to negotiate a payment plan when i was out of work and could not afford my repayments, I have had no contact with them. For the last year or two a collection agency has ... Read More »

                    My Home Depot Project Loan Account is Hurting My Credit Score

                    caution

                    “Dear Steve, I buy and flip houses in Colorado and use the Home Depot Pro Loan on all my projects. They give a nice line of credit with a 7.99 percent interest and interest only payments for 6months. I usually pay it off before before that time period. I have done this 5 times and closed all 5 Loans. My ... Read More »

                      Will Only Full Payments Count Towards Public Service Loan Forgiveness?

                      teacher

                      “Dear Steve, I’ve been carrying a student debt since 1986, and it’s a heavy burden. I borrowed for my BA from 1986-1992 and then consolidated in 2000. I borrowed again for graduate school 2003-2005, have always been in good standing (by paying on the graduated repayment plan, being in deferment, or being in forbearance), but still carry a balance of ... Read More »

                        A Debt Collector is Trying to Get Me to Pay An Old Private Student Loan

                        law books

                        “Dear Steve, I listed a private student loan, for a vocational school. I don’t know if it was discharged or not. How can I tell be looking at my bankruptcy discharge papers? The loan was once again sold to some collector after 6 years, and they are now trying to collect. The loan no longer shows up on my credit ... Read More »

                          I Took Out Chase Private Student Loans and My Father Cosigned

                          oops

                          “Dear Steve, I was very irresponsible in this decision that I had made back in 2007 (after I had graduated high school), I somehow managed to convince my father to co-sign a loan for me for $8,500. My father barely speaks English and you could say that I even tricked him into signing those papers. It was terrible. Anyway, I ... Read More »

                            Boriqua College Will Not Give Me My Transcript

                            angry woman

                            “Dear Steve, I was a student at Boriqua College and have over 100 credits. I am now a Teacher’s Assistant with the Department of Education. My problem is I am getting the lowest possible pay because this college will not give me my transcripts because of a tuition balance of 700.00. I could be making 7-8 thousand dollars more a ... Read More »

                              Will I be Able to Leave the UK Again Because of My Bad Debt?

                              Uk Law

                              “Dear Jon, When I was a student in the UK I had a credit card with a 1000 pounds overdraft, a student account card for 1500 and I made a loan of 4000 pounds. I paid some of the money when I left the UK but I stopped paying. I think all together was about 5000-6000 pounds … all of ... Read More »

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