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Ask The Get Out of Debt Experts

Student Loan Service Managers Consumer Agreement Review

kiten hiding

“Dear Steve, Can you look over this agreement Student Loan Service Managers Sent Me? Anonymous” Dear Anonymous, I’m happy to look over the agreement for you and give you some feedback. Keep in mind I am not a lawyer and can’t provide you with any legal feedback. All I can do is read it like a friend and point out ... Read More »

    I’m Willing to Go Back to Dubai to be Arrested Over My Debt

    01_dubai_popup

    “Dear Steve, I had been living in Dubai for nearly 8 years and maintained a great job and income. Whilst there, my ex wife and I also brought a property and eventually sold the property after the recession hit. All in all, had never been in any trouble or debt. I then took out a C.Card with FGB and after ... Read More »

      My Federal Student Loan Payments are Getting Tougher to Make

      process

      “Dear Steve, I have 11 federal student loans totaling just over $55k. (DI Special subcns, DI Special UnSubcns, Stafford subcns, and Stafford unsubcns loans) see attachment These are loans for my undergraduate & graduate degree. To date, I have not been delinquent in any fashion. Also, I have a good credit score rating, over 730. I have found it more ... Read More »

        Should We File Bankruptcy on Our Student Loan Judgment?

        stressed-woman

        “Dear Steve, We have three student loans right now worth a significant amount of money. One of those creditors took legal action against us last year and won their judgement against us. We are waiting for wage garnishment against us to appeal that as we aren’t even in the state where the court awarded the judgement any longer. How long ... Read More »

          I Have a Consolidated Parent PLUS Loan I Need to Find Relief For

          begging

          “Dear Steve, I have a consolidated federal parent plus loan for my daughter in the amount of 29k. I have been paying for 7 years is there any relief for me anywhere? I am 61 years of age. Elaine” Dear Elaine, There is so much unknown from your question. Please feel free to post updates in the comments below. If ... Read More »

            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” Dear Terri, Whether or not you have to ... 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 »

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