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Ask The Get Out of Debt Experts

Can My Creditors Take Other Business Property to Repay a Debt? – Dee

Empty Store at Shopping Center / Mall

“Dear Steve, Business owner of an LLC secured a contract worth $35,000 using 100% fully-owned equipment (fair market value of $50,000). Creditor has in his possession part of the equipment (part of a crane), while debtor has another piece to the crane. Creditor also has in his possession 3 other pieces of equipment, 2 which have had work/improvements done on ... Read More »

    Can I Settle My Private Student Loan Debt? – Tim

    Alone and Lost

    “Dear Steve, Unemployed for two years after college, defaulted on one of my private student loans, delinquent on others. Credit is already terrible. I have three private student loans, one of which I have already defaulted on. I recently came in to some money and want to use it to wipe out my student loan debt, or at least as ... Read More »

      Sallie Mae Won’t Lower My Payment So I Can Afford It. – Kristen

      hiding

      “Dear Steve, I have both federal and private loans through Sallie Mae. I used my private loan to pay for housing for my child and I. Sallie Mae is working with me in paying back my federal loans by using the income based repayment alternative. However they will not lower my monthly payment on my private loan to an amount ... Read More »

        Will Our Second Mortgage Vanish After Our Chapter 13 Bankruptcy? – Lisa

        Mature woman confused

        “Dear Steve, My husband and I filed a CH13 in efforts to save our home. 2nd mortgage was stripped and court. 4 months into bankruptcy, trustee felt we could pay 100% of debt which we would be paying a lot more than what we were originally paying overall. We pulled out of BK and got a modification for our home. ... Read More »

          How Can I Live and Repay My Student Loan Debt? – Ben

          Desperate

          “Dear Steve, I’ve been reading through your blog articles for a few nights now. Yet, I find myself falling outside the range of your advice so far. If you have to time, I would love to pick your brain about my debt situation. CreditKarma notes I have $123,000 in student loan debt, with a credit score of 590. I have ... Read More »

            Can I ConsolidateAll My Student Loans Into a Federal Consolidation Loan? – Jules

            Debtstar

            “Dear Steve, I am at the very end of the grace period since I graduated, and will owe a total of $47,000 in student loans (all are government ED loans both Direct and Stafford unsubsidized and subsidized). The Direct loans are being serviced by Great Lakes, and until I call them I don’t know what the payment(s). The Stafford loans ... Read More »

              I Went to LSU Shreveport in 1990 and Still Paying Student Loans. – Julie

              student loan default

              “Dear Steve, I took out a student loan in 1990 at LSU-S in shreveport, LA in order for me to finish my degree. I had left an abusive husband and had been a stay at home mom. I needed that amount for living expenses so I could graduate sooner in order to take care of my children financially. Twenty years ... Read More »

                My Parents Cosigned for My Private Student Loans I Can’t Afford. – Sarah

                stressed-woman

                “Dear Steve, Graduated in 2012 with a Bachelors degree in Fine Arts (sculpture). Have about $70k in private loan debt. Went into forbearance, still did not find an alternative in that time. Have looked into and applied for consolidation WITHOUT cosigners, denied. I am curious as to whether or not there are other options available. My payments are over $700/month, ... Read More »

                  My Network Technology Degree is Worthless But I Owe Sallie Mae. – Omar

                  Adult Ed - Questions

                  “Dear Steve, Immigrated from Africa in the year 2000 with a big dream of making money in Network Technology. I went to computer school that lured me in taking a sallie Mae loan for MS NT 4.0. And $10,000 for an Operating system that turned out be a scam , not been used in the workplace (old). Two months in ... Read More »

                    I Signed for My Ex-Husband’s Student Loans and They Want Me to Pay. – Maureen

                    robbery

                    “Dear Steve, My now ex husband went to college and accrued quite a bit of student debt. At this point, it is closing in on 130k. At some point, he consolidated the loans, and added me to the paperwork. I agreed, because he said that I had to. I did not know there were options. When we divorced, he agreed, ... Read More »

                      I Included My Private Student Loans in Bankruptcy But They Were Not Eliminated. – Time

                      bankruptcy-1

                      “Dear Steve, I filed bankruptcy in Colorado in in 2010. Student Loans Finance corporation is still harassing me to pay back a private loan. The federal portion of the loan was paid back. They are saying that private student loans are not dischargeable. That is not what I was told. I did not use an attorney when I filed bankruptcy. ... Read More »

                        Will We Ever Get Out of Sallie Mae Loan Hell? – Chris

                        punched-in-face

                        “Dear Steve, I’m a mechanical engineer of 8yrs, went to private engineering school, had to borrow full tuition/room/board for 4yrs. Racked up about $160k in PRIVATE loans (dad made too much to qualify for any federal $). Married my wife and fellow classmate in 2010. She also racked up about $140k, *mostly* private, but some federal loans. Predatory lending was ... Read More »

                          How Do I Locate All My UK Debts? – Edward

                          uk

                          “Dear Jon, I want to pay off any and all debts in full against my name in the UK, all debts were incurred in England in the late 80’s. I have been resident in the Middle East since 1995. I have been married and divorced in the UK and now wish to start afresh. How do I find a list ... Read More »

                            I Co-Signed for My Daughters Student Loan and Now a Lawyer Has It. – Marie

                            help woman

                            “Dear Steve, I co-signed for a Parent Plus loan for my daughter a few years back. Roughly $45,000 now. She wasn’t able to keep up with the payments and didn’t really know how to handle the situation so now it’s in the hands of an attorney’s office. I don’t have $45,000 laying around that I can just pay it off, ... Read More »

                              My Girlfriend is in a Situation With Her Sallie Mae Student Loans. – Justin

                              caution

                              “Dear Steve, My girlfriend is in a bit of a situation. She went to school, took out about 40k worth of student loans, which are now with fees and interest at around $80k. Sallie Mae (through MRS) is offering to set up a payment plan to take the three loans to 0.001% and stretch the payments of ~$400 a month ... Read More »

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