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Ask The Get Out of Debt Experts

The Bible Says We Should Owe Nothing. We Pray and Cry About Our Debt All the Time. – Heather

make better choices

“Dear Steve, Me and my husband have about 10 credit cards they are in collections we have 2 that are current and the car is current we need help I can only find part time work and my husband only has a part time job he goes to college to get a better job to support us his 4 year ... Read More »

    Should I Pay Off My House or My Student Loans First? – Kem

    fear

    “Dear Steve, I am finally in a place in my life where I am earning enough money to pay my bills and have a little left over. After buckling down and sacrificing (and selling) a lot, the only debt I have left, besides my mortgage, is my student loan which stands at a little over $100k at about 5% interest. ... Read More »

      How Should I Spend My Windfall? – Marie

      process

      “Dear Steve, No car payments, less than $8,000 in credit card debt and only one mortgage (at 6.5% interest rate). I will be receiving a lump sum of money at the end of July or first part of August in the sum of over $75,000. First car runs great and is 2009 model, second car is a 2000 model and ... Read More »

        I Am Self-Employed, Show Very Little Taxable Income and Have $130,000 in Credit Card Debt. – Ian

        old man headache

        “Dear Damon, Self employed for 13+ years 55 years old Like so many self employed people the recession has been rough, add to that medical bills, and it’s easy to get caught in credit card debt. I currently have $130k in credit card debt with an average interest rate of 16%. I am making the payments, usually double the minimum ... Read More »

          My Husband Passed Away and I’m a Chapter 13 Bankruptcy. – Alicia

          future

          “Dear Damon, My husband passed away Febuary 16 of this year and was very sickly all of 2012 with leukemia and when he got sick lost his job 2 month after finding out he was sick. Money situation got bad he was able to get long term disability insurance it helped with some of the bills but it was not ... Read More »

            I Have Fibromyalgia, PTSD, and a Lot of Medical Bills. – Cyndi

            Mature woman confused

            “Dear Damon, I’m 54 & don’t work due to Fibromyalia & PTSD? I don’t get any disability. I was denied because i don’t have enough credits. My husband is 60 & receives $1474.00 from S.S. Disabilty. He had a stroke in 2007. That is our only income. I was hospitalized 12/2010 from internal bleeding & had to have 3 blood ... Read More »

              My Shopping Addiction is Being Treated But My Husband Says I Need Credit Counseling. – Mary

              needy

              “Dear Steve, I make $38000 per year, my position is “live-in” so I have no rent/mortgage nor utilities to pay, only my cellphone. I have about $15000 worth of credit card debt. I was close to being maxed out on most of them but never missed a payment (minimums) & always had money left over to shop online with after ... Read More »

                A Truck Driving School I Never Attended Sued Me. – Randall

                moving

                “Dear Steve, A TRUCK DRIVING SCHOOL I NEVER ATTENDED HAS PUT A JUDGEMENT WITH EQUIFAX. THIS SUBMISSION WAS WITHOUT INFORMING ME OF ANY OF THE RELEVENT NFORMATION. EQUIFAX REFUSES TO REMOVE THIS ITEM. I LIVE IN S.C NEAR THE GA. BOARDER AND CAN GET TO ATLANTA. IN TWO HOURS. CAN I SUE EQUIFAX IN SMALL CLAIMS COURT TO GET THEM ... Read More »

                  My Mother Died, I’m Behind on Rent and My Car. I’m Scared. – Michelle

                  change4

                  “Dear Steve, My mother passed away in October – no life insurance – I took out 2 pay day loans and 3 payday installment loans to cover expenses and then my bank finally gave me a loan for her funeral expenses. But now I am caught in the vicious payday loan cycle and can not take care of daily living ... Read More »

                    You Literally Saved My Life and Financial Future. Thank You. – Steve

                    bankruptcy congratulations

                    “Dear Steve, I just wanted to say thank you as I owe you a debt of gratitude! My partner lost his job due to a health issue and has been unemployed for five years–I tried (in vain) to sustain my debts. I tried every resource to stay afloat. I quickly learned that there are resource to provide loans, payday loans, ... Read More »

                      I’m So Afraid of Bankruptcy. – Matt

                      storms

                      “Dear Steve, I have a lot of credit card debt and a home in foreclosure. My credit score is really hurting and so the attorney for the foreclosure advised us to declare bankruptcy. We have two cars and dont know how to handle the cars with regard to bankruptcy. My wife makes no income and I don’t know how she ... Read More »

                        We Have a Lease to Own Our House But I Credit is Terrible. – Colton

                        qa3

                        “Dear Damon, I work a salary based job at 35 k yr my wife is a stay at home mom with two children we are tied into a lease to own on our house that we are supposed to find financing for in about a year from now. I’m 25 k in medical debt do i file chapter 7 or ... Read More »

                          Can I Trust Debt Settlement Companies Who Promise Big Results? – Lisa

                          hiding

                          “Dear Damon, I am $30,000 in debt. What would be your advice in dealing with companies of debt settlements who claims to reduce your debt by 50% and charges you 20-23% interest if your total debt? Lisa” Hello Lisa, I think a majority of debt settlement programs are bad news. I can comfortably say that you should stay away from ... Read More »

                            We Are On Disability and Social Security and the Debt Settlement Company Says They Can Help. – Brett

                            scammer

                            “Dear Damon, I am on disability with a an income less than 30% of my working income. My wife has a start-up business that continues to lose money and has been unsuccessful at finding a job. During the last 6 years on disability we burned through our savings as well as accumulating about $200,000 in unsecured credit card debt. Although ... Read More »

                              Unemployed, Heart Attack, Stroke and Retired Mother Paying My Student Loans. – Jackie

                              Drowning swimmer

                              “Dear Steve, My husband and I filed Bankruptcy # 7 back in 2011, Most of the bills were medical but I added my student loan (Chase- Bank One) which Ive been told is a private loan. Everything was discharged except the student loan. I even sent a Hardship letter but it was after the hearing and I feel that maybe ... Read More »

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