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Ask The Get Out of Debt Experts

I’m a Minimum Wage Single Mother of Two Caring for Disabled Parents and Trapped in Payday Loans. – Noname

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Noname “Dear Steve, It started like this, i had gotten three payday loans all at once of the amount each being $200, for a really urgent matter. I had a death in the family, and we where having a bad time paying for funeral costs. This is my first time applying for loans, so I didnt know really what to ... Read More »

    Jeffrey Writes in About Mortgage Company Ethics

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    “I have a quick question for you. What do you think of the sale of mortgages when consumers have no say over who the ultimate buyer of their mortgage will be? Say, you have a problem with one of the banks caught up in the sub-prime lending issues and your new mortgage with one of the companies that stayed above ... Read More »

      We Live in Section 8 Low Income Housing and Want to Buy a House. – Patrice

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      Patrice “Dear Steve, We live in a section 8 home and have five kids and with a partner we are going to get married and want to buy a home. My credit is messed up by 9000 dollars and his credit is messed up a little bit or he doesn’t have enough credit history. So whats the best thing for ... Read More »

        I Lost My Job in the Detroit Auto Industry And Then Opened a Restaurant That’s Failing. – Paul

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        “Dear Steve, Long story… Lost my job with one of the Big three in August of 2008, a few months later I found a business opportunity… this is where it gets ugly. When I lost my job I had about $120k in savings and the job prospects here in Michigan didnt look that good. I decided to open a restaurant, ... Read More »

          I Got Hepatitis, Was Out of Work For Months, And Tried Sending Partial Payments – Jerry

          “Dear Steve, In the early 90s my roommate lost his job when he contracted hepatitis and was out of work for months – at some point I got the illness from him and then I could not work for a couple of months. This meant several months where I was paying our rent and other bills with credit cards. I ... Read More »

            I Can’t Afford My Husband Anymore. – Wesley

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            Wesley “Dear Steve, I am seeing a divorce attorney in the morning. My husband (though a very good person) has not worked for the past several years and on and off for years prior. My income declined over the past 3 years leaving me in tremendous debt and with a huge IRS lien. Our home is about to be foreclosed, ... Read More »

              Consumer Credit Counseling Agency Said I Don’t Make Enough For Them to Help Me. – Theresa

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              “Dear Steve, I am employed and make good money and have always kept my debts paid, but over the last five years, I have had to take on a 2nd mortgage and as the needs arose, I added several credit cards to my debt load. Unfortunately, my parents are 73 and each year they hit a “medical maximum” on their ... Read More »

                My Credit is Bad From Worn Tires on a Leased Car. – Sheryl

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                “Dear Steve, I leased a car from GMAC and at the end of the lease we turned the car in and they evaulated it and decided we had too much wear on the tires, so they billed us over $700, I called and negotiated a lower price of approx $500. and paid that right away, but what I was unaware ... Read More »

                  Is CCCS Right for Us or is There a Better Alternative? – Shawn

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                  Shawn “Dear Steve, I have about $100k of unsecured consumer credit card debt spread out amongst several (about 15) cards. My wife and I are both in very stable jobs, and combined we make about $110k a year (about $6000-$6500/mo take-home after tax, health insurance, etc). We “own” our house, in other words, we pay $2k a month mortgage on ... Read More »

                    ChevGirl Writes In And Says “My Marriage is Suffering Because of Our Debt”

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                    ChevGirl “Dear Steve, Well I am not thinking about death or anything, I am a Christian. I am just having a very difficult time with our finances. The stress is becoming unbearable. My marriage is suffering because of it. Me and my husband work in agriculture, we do not make much and we are $55,000 in debt. I have payments ... Read More »

                      I Want to Go Back to School to Be a Pharmacist and Find a Wife. – Jeff

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                      “Dear Steve, I owe at least $52,000 in credit card debt. I owe another $6000 in student loans. I have an Associates Degree. I decided to go back to school to get a Masters Degree in Pharmacy. If I can’t get into the Pharmacy program, then I would get a Bachelors Degree and would like to go on to Grad ... Read More »

                        I Have an Account With HSBC And They Don’t Want to Settle. – Arvin

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                        Arvin “Dear Steve, I opened an account with HSBC in 2004 for $1,600. I have been making my monthly payments even more than the minimum monthly payment required. However, due to my current financial hardship, I was not able to pay monthly. The interest rate is 23.80% and penalties kept adding to my account in the amount of $39.00. The ... Read More »

                          We Went With a Debt Repayment Company and I’m Freaking Out. – Heinz

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                          “Dear Steve, We have a debt problem and don’t know how to solve it??? We had some debt and went with a debt payment company to get it reduced and pay it off in 36 months.The recession hit and we lost our jobs, and things got really tight. We have 10 months left to repay it and we have taken ... Read More »

                            American Express Said My Judgment Was Satisfied By Mistake. – Frances

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                            “Dear Steve, I got an American Express judgment against me in TN general sessions court in June 2008. Even though I was a victim of identity fraud (which I explained in court) the judge ruled against me and a judgment was rendered against me for over $25,000. The AM Express attorney filed the judgment in June 2008 and then filed ... Read More »

                              How Much Should I Put Monthly Toward My Credit Cards? – Sangeeta

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                              Sangetta “Dear Steve, I’m trying to figure out how much I should put monthly toward each of my credit cards. I’m using this calculator from CNN.com. The problem is that I have a 0% interest on a few cards that expire in a few more months, and that calculator does not take that into account. Should I still pay the ... Read More »

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