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Ask The Get Out of Debt Experts

What is My Best Course of Action to Resolve My Problem With the IRS? – Steven

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“Dear Jim, I failed to file for the years 1999 through 2006. I have now filed all of the missing returns, as of the end of 2011. The resulting tax and penalties is $300,000+. My financial situation is very bad, as the result of two periods of unemployment. I don’t have the savings or the income to pay this debt. ... Read More »

    I Can’t Get My Mortgage Modified and I’m Behind on Credit Card Debt. – Doug

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    “Dear Steve, I Was Injured On The Job An Can No Longer Work .When This Happened I Worked Out My Income Over The Next 5 Years The First 2 Years My Income Droped 35% The Next Year Another 15% The 4th Year Another 15% This Is Where My Income Is At This Time. The First 2 Years I made All ... Read More »

      I Moved Back to the UK and Contacted About a Debt I Don’t Recognize From 2005. – Jen

      “Hi Jon I have just received a letter out of the blue from a company who say they purchased my debt from a catalogue company. All the letter says is that the account was opened in 2005 and I have had no contact with anyone regarding such a debt in those 7 years. The strange thing is, I paid off ... Read More »

        I’m Way Behind in Paying My Payroll Taxes. How Can I Work With IRS? – Daniel

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        “Dear Jim, I own a fire protection company that does around 4 million a year. It is a c corp. We are $500,000 behind in payroll tax,s. Our business is picking up substantually and I believe we will make it through this extreme situation Can you help me What is the best way to work this out with the IRS ... Read More »

          Chase Bank Sent Me a Summons and Wants My Bank Details. Do I Have to Give It to Them? – Candy

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          “Dear Steve, Steve, i recieved a summons in regards to Chase bank: I contacted the law offfice that sent it to me and made arrangements to make payments on the debt owed, they are asking me for bills and checks stubs and bank information do i have to disclose that information to them? Also do i still reply to the ... Read More »

            I’m a Dutch Citizen and Traveling to the UK. Will I Be Arrested for Old Debts? – Debby

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            “Hello, My situation is as follows: I have lived in the UK for around 2 years a few years back and when I left I also left a few different debts: 1) around 250 pounds of council tax 2) 175 overdraft at Lloyds 3) I do not know for sure but it might be possible I owe HMRC regarding my ... Read More »

              I Have an Outstanding Payday Loan With Check ‘n Go and Not Sure What to Do. – Angel

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              “Dear Steve, I have an outstanding payday loan and I’m at wits end of options Hi I took out a loan with check n go for 2400 not fully reading the contract I didn’t notice how high the interest rate was. I was in a horrible situation at the time and I desperately needed money.. Just had a newborn, moved ... Read More »

                SMS Loans. Turning Your Mobile Phone Into a 800 Percent Interest Rate Debt.

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                If you thought payday loans might be a problem, abused, and be too readily available to those that can least afford it, then you need to learn about SMS loans or text message loans. A SMS is a text message sent from a cellular or mobile phone. In some parts of the world, consumers can enter into payday loans just ... Read More »

                  UK Woman Kills Self to Avoid Dealing With Debt Problems and Hidden Credit Card Debt

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                  From This is Staffordshire: A mother killed herself on the day she thought bailiffs were coming to repossess her home, an inquest heard. Tina Bennett, aged 40, was found by her son Anthony, and husband Michael, at the family home in Kidbrooke Place, Blurton, on May 11 this year. She had hanged herself using the cord from two dressing gowns, ... Read More »

                    I Moved to Germany From the UK But Need to Deal With My UK Debt Now. – Jon

                    “Dear Jon, I moved to Germany in April. With around £20k of outstanding debt in the UK in a debt management programme which I’m paying. I also left a £1250 overdraft and have fallen into arrears on the mortgage I have on my flat which I currently let to a friend of a friend. The arrears on my mortgage (around ... Read More »

                      It Was Surprisingly Easy to Settle Our Debt with Chase Bank

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                      “Dear Steve, We have negotiated a $6,000 one time settlement with a CA (Client Services, Inc – St. Charles, MO) who are representing Chase. Chase charged off our credit card debt ($26,000) one month ago after 6 months of non-payment, but they still own the debt. We had tried to settle with Chase for $10,000 but they always refused. Gettign ... Read More »

                        I Recently Settled the Balance Due on My Private Student Loans. – Viet

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                        “Dear Steve, Hi Steve, I just recently settled on my private student loan for less than the total amount that I owe simply because I didn’t want to risk getting sued. The total amount was about $25,000.00. I currently have 4 credit cards, a car loan and 1 personal loan. 3 of my credit cards and personal loan are fairly ... Read More »

                          Student Loan Servicers Suck

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                          by Marian Wang ProPublica, The parallels between the mortgage market and the student loan industry have been frequently noted. Both involve big borrowing and have a history of lax underwriting by lenders. But the two are also strikingly similar in another way: When it comes to both mortgages and student debt, the servicers, or companies that handle loan payments, sometimes ... Read More »

                            Is Nationwide Debt Direct a Reputable Company or a Scam Operation? – Rick

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                            “Dear Steve, I had some smaller debt that was not a problem but some medical bills for knee surgery needed to be paid and that amount has pushed me to the limit in many ways. I am know looking at a way to make the debt more manageable. I can pay the monthly payments plus other expenses but I am ... Read More »

                              My Father Passed Away Leaving Bills and No Will. What Now? – Lynn

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                              “Dear Steve, Father recently passed leaving aroung 7000.00 in personal debt, no will , no assets ,no one in charge, only life insurance to cover services with me as survivor. Who becomes resonsible for these bills. All in his name only. I was however on his checking accout to pay his bills, He deposited Just enough each month to cover ... Read More »

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