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Ask The Get Out of Debt Experts

I’m Afraid of Bankruptcy But Struggling Each Month

adding up

“Dear Steve, Single mother, income 1600 after deductions, credit card debt 27,000. I have a house and I’ve been making payments for two years of 928 monthly. I have an equity of 26,000. No paymentys behind. You advised me about filing chapter 7 bankruptcy, and even though I don’t want to do it, at this moment I am sure It ... Read More »

    Can I Get Macy’s and Capital One to Please Charge Off My Credit Cards? – Brigitte

    End of stress.

    “Dear Steve, I live in California, I’m 55yrs old woman, my 3 daughters just finished college, last month I lost my job, I have 2 credit cards, one is Macy’s for $5,000 and the other Capital one for $5,000, do you think if I call them and let them know I’m unemployed they will charge off my cards? is it ... Read More »

      Is Home Remedy Center, Affiliated with Prudent Law Group, a Scam? – Alana

      Drive Carefully

      “Dear Steve, I own a home and have a jumbo loan (over 700K) with 6.5% interest with Wells Fargo, and loan is with a private lender, not a Fanny Mae or Freddie Mac loan. Wells Fargo refused modifying the loan or reduce theinterest. We are current on payments. I was contact by Home Remedy Center, affiliated with Prudent Law Group, ... Read More »

        A Brain Tumor and Private Student Loans Led to a Life Lesson. – Sally

        medical-bills

        “Dear Steve, Daughter was dx with brain cancer while attending college away from home. She went through brain surgery, radiation and chemo. She was able to obtain her degree (took 7 years). She has private student loan debt for approx $50,000. We co-signed her loans. We also have Parent Plus loans for her and her sister totaling another $50,000. During ... Read More »

          My Credit Was Hit by an Uninsured Motorist and Left With a Traumatic Injury

          paramedic-square

          “Dear Steve, Dear Steve, I was in an automobile accident in 11/’05, hit by another driver who had stolen a car, therfore I was unable to sue anyone for the accident. I had no health insurance and my uninsured motorist policy was $100k, which of course the hospital negotiated a payment towards my $300,000 bill. I was in an automobile ... Read More »

            Will I Be Stopped at the U.S. Border if I Leave Australia With Debt I Can’t Pay?

            Passport with US visa and "admitted" stamps

            “Dear Steve, In 2011 I went to the United States I am a US citizen when I returned to Australia I thought I would still have my job but that didn’t happen and have been unable to get a job I have not contacted the bank in 2 years out of fear. I’m on centerlink benefits because I had to ... Read More »

              Can I Get My Vehicle Out of Pawn With a Title Loan? – Kelly

              money down the drain

              “Dear Steve, Currently have a title pawn for $5000. I know these are stupid, but desperate people do desperate things sometimes. the monthly payment I have to pay is $500 which is the interest. more if I want to bring down the principle balance. Are there any legitimate companies out there that will assist with a title loan payoff. Meaning, ... Read More »

                Should I Use My Retirement Money to Pay Off My Student Loans? – Cynthia

                process

                “Dear Steve, I would like to know if I would be better off paying off student loans with a retirement plan disbursement from former employer I have about $26,000 in SallieMae student loans. I will be receiving a disbursement from a former employer for Profit Sharing and Money Purchase plans. I want to know if I would be better off ... Read More »

                  Is the Legal Advocate Network a Mortgage Modification Scam? – Bobbie

                  Black Leather Flogging Whip and money on white background. Not i

                  “Dear Steve, I was looking into a mortgage modification and my mortgage company said they can’t do one for us. I received information for a mortgage modification from Legal Advocate Network. I can’t find any info on them and their web site has not address. When I called them all they would tell me is that they are in Orange ... Read More »

                    I Can’t Afford My UK IVA Payments and Go to Bed Hungry. – Paulette

                    hunger

                    “Dear Steve, I am currently on IVA debt management plan. At the moment am unemployed. Struggling to pay my plan. Am a single mother of four children. This is surpose to take five years to be written off or get out of the debt. I am not coping with it. some days we go to bed hungry. Is there a ... Read More »

                      I Have an Old Credit Card on My Credit Report. Will It Go Away? – Julie

                      goodbye

                      “Dear Steve, There is a credit card debt on my credit report that is more than 10 years old. I can’t get any questions answered or removed from my credit report. I’m in California. How long is the debt collectable? What is the statute of limitation on collecting the debt? What can I do to get it removed? Julie” Dear ... Read More »

                        The Lender Agreed to a Short Sale But Nobody Wants to Buy It. – Hal

                        Decision time

                        “Dear Steve, We have a underwater mortgage that is approximately $100,000 in excess of the value of our home. We have been trying to get the principal reduced and now have the offer listed in the “question’s section” We have underwater mortgage that was transferred from Bank of America to SPS and they have offered a “Short Payoff” in the ... Read More »

                          When Does the Statute of Limitations End on My Foreclosed Mortgage? – George

                          time and money

                          “Dear Steve, I’m resident of CA (only live in CA), but I had a property in AZ . I had purchase money deal 80/20 original loan. I had to refinance less in a year later because HOA had rules on backyards on the golf course (was not disclosures too me). So I had to refi my 2nd TD and I ... Read More »

                            What Happens if I Can’t Pay Back My Loan and Go to India? – Feroz

                            Lifestyle choices.

                            “Dear Steve, I’m living in the United Arab Emirates and I borrowed a Personal loan for 4 years but now I lost my job. I cannot pay my Personel loan. If I do not get another job and go to India. what will happen? Feroz” Dear Feroz, The United Arab Emirates is one of those countries that is still far ... Read More »

                              We’d Like to Cut Up Our Credit Cards and Start Over. – Terry

                              needy

                              “Dear Steve, I have $38000 in credit card debt, an $18000 2nd mortgage, a $134000 mortgage and a $520 per month car payment. My wife and I bring home $85,000/year. We pay our bills on time each month but have difficulty saving with life’s unexpected expenses, ie older vehicle repairs, medical expenses, etc. I would like to cut up credit ... Read More »

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