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Ask The Get Out of Debt Experts

Foreclosure and Bank of America Walked Away From My Mortgage

Abstract Image of Business People Walking on the Street

“Dear Michael, We were flooded in 2008. Countrywide agreed to an extension during rebuild adding payments to end of loan. They then sent paperwork back with VOID written in sharpie. We were denied any modification, etc. This went on for 4 years. We sent in payments, they sent them back. The house went into foreclosure and a deed of foreclosure ... Read More »

    If You Used Your Private Student Loans for Stuff Other Than Tuition, Read This

    Attractive red-haired female reading a manual before do-it-yours

    “Dear Steve, I have both private and federal student loans. My private loans make up about 3/4 of my student loan debt which is around $36k. I fell for the whole, “wait until you graduate to deal with your loans” advice my school and others gave me. I definitely regret that now!! I saw in an article today that you ... Read More »

      We Are Moving Out of America. Can We Just Leave Our Student Loans Behind? – Anouck

      netherland fields

      “Dear Steve, I’m a Dutch citizen, my husband is a US citizen. He has federal student loans on his own (approx. $20K), and I co-signed for his private student loan with Sallie Mae (aka The Devil) for about $40K. We have filed for Chapter 13 and are currently not making payments. We are planning on moving to the Netherlands (most ... Read More »

        I’m in Dubai and My Debt is Way More Than My Income. – Ami

        dubai-beaches

        “Dear Jon, I’m staying in Dubai for 5 years, I wasn’t have any debt until last year for some family reason, now with only 6000 salary I end up with 120K debt, I’m trying to maintain the debt until now even it is exhausting, I’m about to consult debt consultant to solve it but a little bit worry My questions ... Read More »

          Can the Statute of Limiations Make My Sallie Mae Student Loans Go Away?

          stressed-woman

          “Dear Steve, I have three Sallie Mae loans, all of which have gained interest in the past eight years. When I first went off to college I was very uneducated about student loans. Now, I wish I had better educated myself. I am scared to death of Sallie Mae because everyone I know that owes Sallie Mae has had their ... Read More »

            I’m So Stressed Being a Sallie Mae Cosigner. I Want to Be Removed. – Ronda

            Mature woman confused

            “Dear Steve, I co-signed student loan for my son, who has graduated from college, but is not working, cannot pay the loan…I am on Social Security, and the stress is killing me. Is there any possible way to get me out of this? What needs to happen to get me removed as a co-signer. How to get out of a ... Read More »

              I’m So Far in Student Loan Debt There is No Hope for Me. – Adam

              upset young man

              “Dear Steve, I have private student loans as well as federal ones, but they gave me the loans without cosigners and the interest rates have basically made it so, despite making payments, the principal hasn’t gone down. At this point, I can’t afford to repay them all, have defaulted a few, and can barely afford the necessities needed to live. ... Read More »

                I’m Retiring with Credit Card Debt I Cannot Afford. – Terri

                retirement

                “Dear Michael, I will retiring in 2015 and I only owe American express and I can’t pay them since my only source is social security and will be moving to Mexico. I understand they can’t get my social security. Do I still need to file with the courts on this debt? Terri” The Answer Dear Terri, Whether or not you ... Read More »

                  I’m in an Administrative Wage Garnishment. How Can I Consolidate My Student Loans? – Tina

                  Thinking

                  “Dear Steve, My wages are garnished for a defaulted student loan. I read your post about consolidating and getting on a reduced payment plan (IBR). I have tried this with my federal student loan agency and they will not allow me to do this. Their response is that I cannot consolidate while I am in administrative wage garnishment. They insist ... Read More »

                    I Had to Return to India But Creditors are Chasing Me. – Amith

                    india

                    “Hi Jon, I have three credit cards and a car loan. 2 with RAK Bank and 1 with FGB. I lost my job in May 2014 and in June had to return to my home country India. I have got another offer but RAK Bank confirmed to be there is a case on me and FGB also. My car has ... Read More »

                      HMRC in the UK is Asking Me to Pay Back Money I Don’t Have. – Lolita

                      uk

                      “Dear Jon, My question is: i just received a letter from HMRC asking me to pay back 1465.54 pounds on my tax credit from last financial year. I first got tax credit in july 2013 when i was on minimum wage, i then changed my job where i was earning minimum wage + service charge which was obviously more money…. ... Read More »

                        I’m From the US and Had to Leave the UK with Student Loan Debt

                        uk

                        “Dear Jon, American student that studied at a UK university, finances fell through, so I had to leave (I withdrew) the university and country in debt. UK collectors are now contacting me and saying that there was a breach in my immigration status since I owe debt. Since I am American, I don’t need a visa to visit, so I ... Read More »

                          Why Didn’t the Bankruptcy Court Discharge My Student Loans? I’m a Teacher.

                          hiding-1

                          “Dear Steve, My husband & I filed Chapter 7 Bankruptcy in Arizona in 2011, discharged May, 2011. We filed due to his medical conditions, which caused our family to loose a decrease in wages, which eventually led to permanent disability. We lost our house & moved back to Arkansas (5/2011) to be closer to family. I am a certified teacher, ... Read More »

                            Shouldn’t Key Bank Have Backed Off During My Bankruptcy?

                            crime scene

                            “Dear Steve, I graduated college in August 2010 and filed Chapter 13 bankruptcy in September of 2010 to get rid of some credit card debt I had. Under the bankruptcy I was told by my lawyer that my student loans would go into the automatic stay and be protected there until the discharge of my other debts was granted. This ... Read More »

                              Will Dunia Finance Send Me to Jail Over Missed Payments?

                              Food stamp or SNAP fraud seems to at relatively low measured levels.

                              “Dear Jon, I am currently working and residing in UAE particularly Dubai. i am endebted with Dunia finance, actually i missed 2 payments which i havent paid as of now but yet i am continuing my installments to my loan til now. the problem is i am pregnant and about to go home this end of october. i received calls ... Read More »

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