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Ask The Get Out of Debt Experts

How Can I Get My Federal Student Loan History?

American Bald Eagle on Flag

Question: Dear Steve, All government loans taken out in 1980s. Owed about $30k at graduation. paid off about $20 then went into default. did not hear from them for many years. then in early 2000s recontact and I ended up consolidating now amount of about $60k. I want to check the accounting and get some hopefully knocked out and settle ... Read More »

Reader Wants a Mortgage Law Group Lawsuit Update

Hello I Am Suing You words on a name tag sticker informing that someone is bringing a lawsuit against you in a court of law

Question: Dear Steve, Can you advise us readers as to the status of the CFPB case against the mortgage law group? What is happening? Answer: Dear Anonymous, So the Consumer Financial Protection Bureau (CFPB) sued the Mortgage Lw Group in 2014. See this, this, and this. I took a look at the court docket and the case is still ongoing. ... Read More »

How Can I Get My Ex-Wife Off the Deed?

Relationship Concept Couple In Divorce Crisis

Question: Dear Steve, I have been separated legally in the state of New York and I had taken my wife at the time I refinanced a rental property in Florida since at the time we lived down there that we had both had our names on the deed. She told me when we refinanced here in nyc at the time, ... Read More »

Why Are My Accounts in My Chapter 13 Bankruptcy Reported Delinquent?

Payment History Definition

Question: Dear Steve, I filed for bankruptcy in 2009 and it was discharged in 2014. My mortgage was included in this. My question is whether or not my mortgage company can report my mortgage as being late 30, 60 even 90 to 120 days late while in active bankruptcy in 2010, 2011 and 2012? Thanks. Donald Answer: Dear Donald, It ... Read More »

I’m Taking the Tax Benefit for My Father’s Parent Plus Loan

Student Loan installment payment check paying back money owed in obligation for borrowed funding for college or university education

Question: Dear Steve, I am in debt for around $100k from going to a private design school in Nebraska. I owe around $20k in Fedloans and $80k in Parent Plus loans that my dad signed for. I am paying I consolidated all of my loans as much as I could and opted for the lowest monthly payments possible. I pay ... Read More »

Can I Just Say Goodbye to My Private Student Loans Under the Statute of Limitations?

Sad Goodbye

Question: Dear Steve, Thank you for providing a resource like this. My situation is rather mild, but the numbers are rather extreme. I have some federal student loans and 2 different companies for private student loans. I have $70,000 in student loans, and I am not able to find a job in my field, so I am only making $20,000 ... Read More »

I’m a Teacher, Pregnant, and Trying to Pay Off Student Loans

teacher_appreciation_week

Question: Dear Steve, I graduated in 2008 with $8000.00 on a private loan through Sallie Mae, which has become Navient. This is a private loan company. I also have federal loans, but those seem to actually be going down, and I am eligible for teacher loan forgiveness on the federal ones. I am on income-based repayment through Navient, but after ... Read More »

My Son Stole My Credit. Will the Judgment End When I Die?

From Massachusetts, a 1729 Judgment to make payment or be thrown in jail.

Question: Dear Steve, About 10 yrs ago, my son stole my credit cards and maxed them out..I could not pay them, but was able to pay what I could..sometimes min amt due and sometimes not.. Anyway, I got papers to go to court because I was being sued..My son said he would go to court and tell the Judge it ... Read More »

They Said the Rest of My Student Loan Would be Taken Care Of

Hand holding magic wand with sparks attracting money from top hat. Success wealth trick lie deception fraud cheating magic fast money concept. EPS 10 vector illustration no transparency

Question: Dear Steve, I had a student loan. They say I owe them around 6,000 and said if I wait to pay it then I’m guessing my interest rate will go up and it will be hard for me to get another loan. Is this true? They claim that if I do a monthly payment 3 times of 200. The ... Read More »

I’m on SSDI and in Debt But I Don’t Want to Hurt My Credit Score

mistake

Question: Dear Steve, Lost job in 2007 became total disabled in 2012 now on total SSDI. I have credit cards, and student loan in the range of $28,000. which would be the best way to go as for getting out of debt I’m hardly getting by each month. I’m not late on payments and I have a credit score of ... Read More »

Is It Possible to Use Debt Settlement for Student Loans?

Debt Settlement Advice

Question: Dear Steve, I’m currently dealing with $103K of private loan debt (plus another $23K in federal loans). My cosigner on two of my largest loans just ended a bankruptcy at the beginning of 2016, so those loans now have monthly payments due at around $1,000 together. I have been continuously paying a fourth private loan at $400/month cosigned with ... Read More »

How Can I Reduce My Student Loan Balance?

hiding

Question: Dear Steve, I have taken out loans to pay for college. Several of them are from Sallie Mae, which is now Navient. Over the past 20 months, I have been unemployed for 14 of them. I was initially laid off in Sept of 2014, and again in Oct of 2015 my 6 month contract ended with another company. I ... Read More »

I’m 82-Years-Old. Should I Even Repay My Debt?

Drowning swimmer

Question: Dear Steve, I use credit karma to check my credit which is 680 with Experian and 660 with TransUnion. Three years ago I did not have money to pay my credit cards and they were sent into the credit bureau. Not all to Experian. More to Trans union. I’m 82 years old on fixed income. I saw lawyers and ... Read More »

My Ex-Husband Sued My Daughter Over a Student Loan

man terrifying woman

Question: Dear Steve, My ex husband co-signed a private student loan for my daughter through Wells Fargo. The loan was for 1 year of study at FIDM. My daughter was not making the payments. My ex husband who lives in AZ filed court papers against my daughter and received a judgement for almost $50,000.00 (including thousands in court/attorney fees.) My ... Read More »

I Went to University of Phoenix Without Graduating from High School

Money puzzle piece

Question: Dear Steve, I went to University of Phoenix back in 2002. I started going to classes onsite in Dallas but then moved to online approach when I relocated to another state. I finished the Master of Arts in Organizational Management in 2004 but have not been able to use the degree..in fact took it off my resume. It is ... Read More »

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