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Ask The Get Out of Debt Experts

My Daughter Owes Three Times As Much as Her Sallie Mae Loans Started Out Being. – Robin

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“Dear Steve, My daughter, Robin, graduated from college in 1990 and owed $40,000 in student loans. She consolidated all of her loans with Sallie Mae. Due to difficult circumstances, she defaulted and did not pay for some time. A large amount of interest and fees were added to her debt with them and she ended up owing over $125,000. She ... Read More »

    I Didn’t Get Paid and Have a Lot of Business Debt as a Result. – Alex

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    “Dear Steve, I am a small business owner and last year I didn’t get paid for one of the project we were working, generating a debt of 180k liable to my business. I have a lawyer working on my case, but it may take a while till all this is solved. I had to let go all my employees in ... Read More »

      How Can I Consolidate My Credit Cards and Get My UK Credit Report From the USA? – Jay

      “Dear Jon, I am right now in usa for the last 3 years. Have several Credit Cards in UK. From Barclaycard to MBNA. Have never missed a payment. Need to take all high interest credit cards & transfer to a lower rate card. Please advise. Also need to get a copy of my UK credit report on line. What are ... Read More »

        I Am the Guarantor for My Daughter’s Car in the UK and She Can’t Pay. – Marie

        “Dear Jon, I went guardtor for my daughter for car and she cant pay for it as her circumstances have changed she had a baby and only works partime gets about 400 a month car is 293 amonth she has made agreement to lower payment but stopped paying now i am resposible but i have mobility car so i dont ... Read More »

          Will Natwest and O2 Arrest Me When I Return to the UK? – Jed

          “Dear Jon, I have a credit card debt from Natwest less than £500 as well as an O2 bill. I left the country a bit more than three years ago. I didnt receive any phone call or letter from them for the fact that i was no longer in the UK. Now i’m going back for a visit. Would I ... Read More »

            I’m a Victim of Sallie Mae Loan Fraud. What Can I Do? – Randal

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            “Dear Steve, Around 6-7 years ago, I cosigned a Sallie Mae loan for my roomate in the amount of $15K and a second one for around $3K. In 2006, I broke off communication with him as he moved back to the UK due to not getting a job in the US. Well, there’s been times that sallie mae has contacted ... Read More »

              What Program Can I Use to Lower the Amount I Owe On My Mortgage? – Rich

              “Dear Steve, I have a home mortgage that was modified at very favorable rates. However, in order to motivate IndyMac my attorney told me to stop paying the original mortgage (my income, self-employed was tanking) and they would be more amenable when I made my HAMP application. My original amount on which I was paying was about $275,000. I was ... Read More »

                Should I Take Out a Home Equity Credit Line to Pay Off My Credit Card Debt? – Joni

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                “Dear Steve, Credit card debt about 30,000. I contacted you before but my computer crashed and I can’t locate your email. Own a home, never late on mortgage, pays credit cards on time. Interest rates are so high I’ll never catch up. I’m thinking on a home equity credit line to clear up this debt since its impossible to clear ... Read More »

                  I’m With World Law Group, Been Sued, And Just Had My Bank Account Levied. – Mary

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                  “Dear Steve, A little over 2 years ago, I lost my job, had no income for a few months, I was already behind on most of my “credit” bills, and some went into collections. I started getting those “threatening” calls from the collection agencies, when all the sudden I recieved this program statement in the mail for World Law Group. ... Read More »

                    I Just Received a Summons From Bank of America. Can I Use the Statute of Limitations as a Defense? – Chris

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                    “Dear Steve, I just received a summons that I am being sued for what looks like an old Bank of America credit card debt (amount over $10K). This is by a collection agency that purchased the debt, and they are using a legal firm to do this. The state is Idaho. Both the collection company appears licensed to do this ... Read More »

                      I Moved From the UK But Left Debt. Is My House in the EU at Risk? – Fedra

                      “Dear Jon, I need your advice, I have been working in the UK for 3 years , then moved back to my home country in the EU , where I have my own house., without any mortgage. I have left about 10.000 pound of debt behind me in the UK. I am just wondering if I am going to put ... Read More »

                        Retiring Military With Big Debt. Should I Cash Out My IRA to Protect My Security Clearance? – Tim

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                        “Dear Steve, I am a retiring military officer with about 3200 in post tax income for retirement. This is enought to pay my mortgage and put food on the table. I also have a mass mutual whole life annuity for 250000 and my retirement check will have survivors benefit of half current payment. I am 40k in credit card debt, ... Read More »

                          Newport Mortgage Relief Called Me to Modify My Loan Under HAMP. – John

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                          “Dear Steve, I received an unsolicited call from Newport Mortgage Relief regarding redoing my home loan under the HAMP program. I’ve read your letters from Jim and Larry. I cannot find any record of the company and as they stated, no address or physical location is stated on any of the documents or website. NMR states they are a loan ... Read More »

                            Can Student Loans Garnish Both My Wages and Social Security at the Same Time? – Ross

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                            “Dear Steve, Student loans totalling approx. $24,000 defaulted in 1993 and wages were garnished. I left that employer and tax return overpayments were taken. I am now 62yrs old and working part time for a large do it yourself retailer. After I started, more than a year ago, my wages were garnished at 15%. I recently resigned and was rehired ... Read More »

                              My Fiancee Died and I Can’t Make My Truck Payments. – Jody

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                              “Dear Steve, i purchased a truck.then my fiance died now i cannot afford high payments,and i have bad credit so my interst is high and no one will refinance it i found out that in the 18 months i been paying they have put all except 800.00towards interest.then i called to get a payoff it was not even any lower.Now ... Read More »

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