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Ask The Get Out of Debt Experts

I Am Scared, Sad, and Confused About Staying in the Debt Settlement Program With Freedom Financial. – Sandra

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“Dear Steve, I emailed you yesterday and was not very clear about my situation. I would like to start by saying I am scared,confused and feel like I made the wrong decision when I chose to go the debt settlemnt route-especially now with everything I am reading. At the end of December I contacted Freedom Financial to learn more about ... Read More »

    Bank of America Charged Off My Debt By Mistake. – Jennifer

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    “Dear Steve, we have 2 account s with Bank of America. I had them on payment programs. Our car was broken into and a checkbook was stolen (with other items) . The b of a accounts were set up to deduct payments the last day of every month. The last payment was returned by a frozen account on the old ... Read More »

      Can I Go Bankrupt Even Though I Used the Credit Cards to Get By? – Lee

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      “Dear Steve, Since last March, I have charged $30,000.00 in Credit Card purchases. The bulk of this was March thru May 2008. In May My hours were reduced (At that point I was using my credit card for survival. I.E. Groceries, Gas, Utilities, Car Repairs and needs). In August I was laid off and still am. In Mid December I ... Read More »

        What Do you Think of Companies Like Debt Freedom Relief? – Casey

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        Casey “Dear Steve, I have $42,000 in unsecured credit card debt. Initially taken as low-interest ‘balance transfers’, interest has escalated to ~25% and minimum payments have become unmanageable. What is my best course of action? Debt settlement? What do you think of companies like Debt Freedom Relief? Casey” The Answer   Dear Casey, I took a quick look online and ... Read More »

          I’m Working With Franklin Debt Relief on a Debt Settlement Program. – Rob

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          “Dear Steve, I had about $12,00 worth of credit card debt. I signed up with a debt settlement company (Franklin Debt Relief) and they worked down my two biggest debts. However, it does show as settled for less than full amount. I have three more debts that need to be paid. I had to make three large monthly payments to ... Read More »

            Are the S Corp and LLC Debts Debts Going to Cause Us to Lose Our Home? – Sally

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            “Dear Steve, Bankruptcy Questions??? To file or not to file???? My husband has had an S corp for 12 years, he is the sole owner and whilst business was good he was paying all his bills and the mortgage. A couple of banks also gave him Credit Lines of up to $80,000 based on his tax returns. He had to ... Read More »

              I am a Single Mother, in a Hole, and Can’t Pay My Bills. – Casie

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              Casie “Dear Steve, I am a single mother of a 3 year old boy. I am unemployed. I have hospital bills that I can’t afford, I have a $200 dollar loan that I can’t pay back, I have child support fees I can’t pay. I have a $600 ticket for a dui I can’t pay. I’m sick of it. Just ... Read More »

                My Mom Tried to Help Me Out of Debt. It’s Going to Hurt Her. – Cara

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                “Dear Steve, I have a weird situation that I find myself in… I had gotten myself into major debt (not weird, I KNOW!) Anyway, my mom gave me a credit card that would allow me to combine everything into one payment, etc… I lost my job in March 2009. We went to the beach as a family in June 2009. ... Read More »

                  I’m Getting Married But My Fiancee and I Don’t Seem to Be Money Compatible. – Sarah

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                  “Dear Steve, I am 27 years old and engaged. I spent significant money to fix up my house so I could sell it and move where my fiancee got a job. I also bought a new mattress in January 2008, consulting with the fiancee. I now owe (been paying stuff for a while) $4500 from the house repairs (house did ... Read More »

                    A Debt Collector Keeps Calling Me From 212-500-0839 And Says I’ll Be Arrested. – Lavern

                    “Dear Steve, What should I do if a collection company won’t give me their address? The guy that called was Jeff Parker (212) 500-0839. The message he left was that there were papers filed under my SS# at the New York City court and I needed to contact them right away. He first told me that he was from a ... Read More »

                      I’ve Been So Busy Caring For Everyone Else I’ve Let My Credit Go. – Marjorie

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                      “Dear Steve, I am about $75,000 in debt, with no means to continue to meet monthly payments, cover my two mortgages, and cover reasonable living expenses. I own a sole proprietorship and have started a not-for-profit company. Last year my total sales were $73,000. I have two mortgages totaling $2900/month, and have long been a single parent – my youngest ... Read More »

                        I’m Enrolled With CCDN and Freedom From Debt Alliance. Are They a Scam? – Curtis

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                        “Dear Steve, I currently have $130,000 in Credit Card Debt and a $200,000 line of credit that I cannot pay back. I have other assorted other unsecured debt of $10,000 and Student loans of over $50,000. My wife and I make about $130,000 gross and have a $205,000 mortgage. We are enrolled with CCDN and the Freedom From Debt Alliance ... Read More »

                          I Need a Debt Consolidation Loan. Can I Get One? – Melissa

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                          “Dear Steve, I have two lines of credit and one credit card and my husband has an ATV loan all totalling approx. $32000.00. The two line APY’s are great but the credit card APY is outragious and the ATV APY could be better. Is there a way that we could consolidate these four debts into one loan with one reasonable ... Read More »

                            Chapter 13 Trustee Wants to Raise Our Payment But We Can’t Afford It. – Lindsay

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                            “Dear Steve, We filed Chapter 13 Bankruptcy April 2, 2009 and haven’t heard much from our lawyer other then him saying that the Trustee has requested more paystubs. We have given all that has been required of us. The Trustee wanted to up our payment from $450 a month to $870 a month. When we filed we were a household ... Read More »

                              What Can I Do to Get My Credit Card Companies to Remove My Interest While I Get Back on My Feet? – Neal

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                              Neal “Dear Steve, Unemployed, finding it hard to find work. I collect unemployment benefits (!) and my wife gets family tax benefit A & B as well parenting payment. A few years back I was in the best job with car etc and we took out credit cards and new car loan. We owe both credit cards and car and ... Read More »

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