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Ask The Get Out of Debt Experts

Hank is on Disability And Wants to Borrow From His Retirement Plan to Pay Off Credit Card Debts

Your Financial Mudslide

“Dear Steve, I am on disability retirement. My income is about $3,200 monthly. I currently have about $40,000 in credit card debt, excluding a mortgage (which is upside down). I am $1,100 in the hole every month and desperately need help! I have asked my wife to take out a $20,000 loan from her retirement plan at work. She will ... Read More »

    Ranjit is Looking For Free Government Grants to Get Out of Debt

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    Ranjit “Dear Steve, I’m in credit card debt. I owe around $40,000. I heard you can get grants from the government that you don’t have to pay back. I’m unemployed rite now and getting unemployment. Please tell me what is the best way to get out of debt without paying all that money. Should I file banckruptcy or do you ... Read More »

      Mary Had Her Motorcycle Repoed And Wants Your Advice

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      Mary wrote in and asked the following question. “I had a motorcycle repossessed and sold at an auction. They want me to pay the entire loan and a debt collection agency has taken over. What are my options? What is the best thing to do?” – Mary Mary, I wish I had some amazing advice for you to make all ... Read More »

        We’ve Consolidated Our Debt Over and Over But Continued to Live Beyond Our Means. – Steve

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        “Dear Steve, Me and my wife both have good jobs. We also both have good credit. We are not behind on anything nor have we ever been late on anything. A couple years ago we consolidated $42,000 dollars worth of credit card debt. Then about a year ago we consolidated about $27,000 dollars worth of credit card debt. Well guess ... Read More »

          We Are Drowning in Debt And My Husband is Against Bankruptcy. – KC

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          KC “Dear Steve, 57K in credit card debt between my husband and myself. Most was from 40K in uninsured home repairs (mold that nearly destroyed our home), medical bills in excess of 3K, a BAD refinance decision ending in a mortgage we could not afford. The refinance resulted in us charging basics and cash advances to pay bills. It took ... Read More »

            We’ve Been Downsized Into a Financial Disaster. – Annie

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            Annie “Dear Steve, My husband ran an in-house print shop until four years ago. The company decided to out-source and he lost his job, but was offered another position in the company (in their residential construction department – can you see the writing on the wall?) but took a 20% pay cut. We made $120,000 before this cut. At that ... Read More »

              My Ex-Husband Says I Defrauded Him By Paying His Bills. – NI

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              NI “Dear Steve, I am going through a divorce right now. My husband lied and reported me as fraudulently cashing his unemployment checks into our joint bank account (when we were together). I did sign his name as I always did and deposited them into our account, along with my check from my job and paid OUR BILLS together. He ... Read More »

                I Don’t Want Anyone Coming After Me For His Ford F-150 Loan. – Marcia

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                Marcia “Dear Steve, My ex-husband and I were living together for the past 5 1/2 years; he just left a week ago. We are on a loan together for a 2005 Ford F-150 which he owes $23,000 on. He won’t refinance the loan to get my name off (he probably couldn’t get the loan anyway). I don’t want to get ... Read More »

                  I Did a Very Bad Thing. I Just Told My Husband. – Bonni

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                  “Dear Steve, I made did a very bad thing,I was going to say I made a huge mistake.but it was wrong and I knew it was wrong. I took out credit cards in my husband name used them to help family members pay bills and other stupid frivulous things. thinking i would be able to pay them off. now I ... Read More »

                    I Used an IPO to Pay Off My Mortgage. Now I’m $450K in Debt. – Lynn

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                    “Dear Steve, 6 years ago, with money from a high tech IPO, I paid off my house. Shortly thereafter, my husband and I started a business (with a HELOC). 4 years into the business, we had accumulated a $390K balance (maxed out) on our HELOC since the business was not profitable and neither one of us took a job (we ... Read More »

                      I’m Trying the John Commuta Debt Avalanche Approach but Think I Should be Doing Debt Settlement. – Jerry

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                      “Hi Steve, I’m drowning in debt–about 60,000–but was managing to pay off some accounts and really wanted to do the John Commuta thing, debt avalanche…go that route. To do it, I had to do some juggling between accounts because I’m freelance and my income varies from month to month, but still, it was working and I could see my way ... Read More »

                        Has the Obama Student Loan Forgiveness Program Been Approved Yet? – Kelly

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                        “Dear Steve, Hi Steve, I Came across your site by accident and I’m glad I did. I have student loans that are 24years old and in default. Due to hardship and illness over the years I have not been able to pay them. I went to an attorney for free advice and found that school loans are not covered under ... Read More »

                          We Made the Mistake of Getting Involved with Freedom Financial Law & Christian Debt Law for Debt Settlement. – Wand

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                          “Dear Steve, I have over $20K in credit card debt. Four years ago my husband wanted to start his own business and I was carrying the bulk of salary. As you can see from the debt, his business cost us more than it was worth. We made the mistake of getting involved with The name of the company is Freedom ... Read More »

                            I’m Laid Off, On Unemployment, And Can’t Afford My Credit Card Payment. – Melvin

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                            Melvin “Dear Steve, I am behind a credit card a total of 700.00. I am currently laid off from my job with 3 kids, a rent payment, a car payment, and other household bills. my unemployment is only 326.00 a week. The collection agency has started harassing me with phone calls everyday. What can i do to fix the problem? ... Read More »

                              I’m in Debt Due to My Own Foolishness and Stupidity. – Mari

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                              “Hi Steve, I am $18k in credit card debt due to my own foolishness and stupidity. My intentions were good, and I was good at paying my debt, but since I accumulated so much, I eventually wasn’t able to pay them all on time. There are a couple unsecured credit card debts ($4k from Chase and $6k from WaMu) that ... Read More »

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