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Ask The Get Out of Debt Experts

Paying Companies To Delete Negative Credit Report Information

tug of war

“Dear Michael, During my junior year of college my parents provided me with a credit card that they paid off in full each month, they never missed a payment and I never worried about the money. I took out a credit card on my own my senior year of college, which I could make the minimum monthly payments until I ... Read More »

    Can I Really Discharge My Student Loan Cosigner Liability in Bankruptcy?

    Mature woman confused

    “Dear Steve, I am currently filing for Chapter 7 bankruptcy in TX. A large amount of my debt comes from being a co-signer on multiple private student loans for my son. He graduated Dec 2008 with a finance degree as the economy was headed down. He was not able to get a job for more than 1 year. He worked ... Read More »

      My Crowdfunding Donations to Help a Sick Friend Are 1099-K Taxable Income?

      Portrait Of Shocked Woman Looking At Camera Isolated On White Ba

      “Dear Steve, My friend’s mother was diagnosed with cancer and died within a few short months. As the end was nearing I started a GoFundMe page for my friend (age 24) who was to become the sole guardian of her TRIPLET siblings. Due to an amazing community effort, $36,000 was raised. All said it was a miracle…except when the 1099k ... Read More »

        I’m Willing to Radically Change My Finances to Payoff My Student Loans

        Drowning swimmer

        “Dear Steve, Where to start? I’m a 28 year old married male and am a manager for a private equity portfolio company. My financial stats are as follows: Gross Household Income: $180,000 Private student loan debt (Husband only): $155,000 Public student loan debt (combined): $52,000 Mortgage Debt: $240,000 We currently own our house which is all in (including utilities) approximately ... Read More »

          I Don’t Want to Pay My Parent PLUS Loan Anymore

          Winter Latice and Pergola

          “Dear Steve, I helped my daughter with a parent plus loan for her last semester which was $6000.00 and I have been paying on it for quite some time. Then she went back her second year and she filled out a 2nd parent plus loan so her payments was 50.00 per month she quit paying now for the past 4 ... Read More »

            I Paid Off an Old Debt But Can’t Get a Mortgage

            break free from prison pressure or quit job running away towards

            “Dear Steve, I made a move to another state for a new job in early 2007. By the end of summer in 2008 I was laid off from my job. I received unemployment pay but I was out of work for more than a year and a half. At the time I was laid off I had some credit card ... Read More »

              My Nephew Stole My Identity

              ID Theft or Stolen Identity

              “Dear Steve, I am 56 years old and i had perfect credit in 2008 and then a nephew moved in with me. I thought the kid was working when in reality he was stealing and opening credit cards in my name. I was working 70 hr workweeks and he had full access to everything in the house (files) etc. He ... Read More »

                My Father Stole My Student Loan Money

                stressed man

                “Dear Steve, My Dad took out a PLUS loan for me because I had reached the maximum loan allowance from my college as a “dependent” student, even though my parents did not support me in any way. He chose the maximum loan amount $18k (YIKES) and ended up using $3k to lease a new fancy car that he couldn’t afford. ... Read More »

                  If the Creditor Didn’t Apply My Payment Do I Have to Pay for a Stop Payment?

                  broken piggybank with dollar notes

                  “Dear Steve, I’ve been writing checks for my elderly mother in the nursing home to cover her co-payment for the last 4-5 years. In November I hand delivered a check payment to the home and got a note with the last bill stating that deposit was not shown although I made the payment would I check the account. I did ... Read More »

                    My Ex Was Supposed to Pay the Debt in the Divorce But They Are Coming After Me


                    “Dear Steve, I was divorced in 2007. It was an amicable split and, as stipulated in the divorce decree, I took some of our combined debt and she took one of our debts in the form of a bank credit card. She remarried and together she and her new spouse decided not to pay on the debt that she assumed ... Read More »

                      Should I Payoff My Navient Student Loans or Save for Retirement?


                      “Dear Steve, I’m 34 years old, single, graduated a college when I was 26. Currently I have 2 student loans: 1. Navient Student Loans: $ 25,387.21, 5.25%, monthly payment of $ 235.41 2. AES Student Loans: $17,152.33, 5.125%, monthly payment of $ 186.68 I have about $10k in a saving account (with 1% interest), and a rollover IRA with about ... Read More »

                        They Tell Me My Parent PLUS Loans Are Not Eligible for Help

                        Drowning swimmer

                        “Dear Steve, My children were living with me when they filled out their FAFSA forms. I ended up with over $20,000 in Plus parent loans as a result even though my only income at the time was child support. Can parent student loans (PLUS loans) be either transferred to the now adult children or be discharged in bankruptcy? Being parent ... Read More »

                          When I Retire Will My Social Security Be Reduced Because of Student Loans?


                          “Dear Steve, I took out Parent Plus loans for both of my children while they were in school. Each of them also have unsubsidized student loans which they are paying off. Once both children were out of college, I consolidated the Parent Plus loans into one and have been paying them regularly for the past 10 years. I am 63 ... Read More »

                            UK Individual Voluntary Arrangements to Set Record

                            UK IVA

                            By Andrew Smith Last year I predicted it would be a record year for IVAs. There had already been more than 40,000 Individual Voluntary Arrangements, the most-used personal insolvency procedure in England and Wales, in the first nine months of the year and here at ClearDebt we were pretty confident the total for the year would top 50,000. Well, on ... Read More »

                              Tell Me How to Stop the Social Security Garnishment for Student Loans

                              social security card

                              “Dear Steve, My husband receives social security disability and his monthly check is being garnished for student loans. I am unemployed and my husband receives $1,013 per month in disability. Of this amount $30 is withheld for repayment of an overpayment from his initial payment from social security and $150 is being withheld for his student loans, which began in ... Read More »

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