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Ask The Get Out of Debt Experts

The Primary Card Holder Died and We Kept Using the Card as Authorized Users. – Craig

oops

“Dear Steve, My wife’s mother died in 2006. My wife is an authorized user on one of her mother’s credit cards. We did not notify the credit card company of my wife’s mother’s death in 2006. We simply assumed the debt on the card, took over making payments on the card as agreed, and have even used the card on ... Read More »

    My Motorcycle Was Stolen and Insurance Didn’t Pay. – Kim

    motorcycle

    “Dear Steve, I bought my first bike back in 2007. I was moving from the east coast of Florida to Gainesville so I went in to get the bike covered with insurance. This was my first time getting insurance by myself for anything, I was 19/20 at the time. My bike was stolen in Gainesville and when I make the ... Read More »

      If I Kill Myself Will Sallie Mae Take My Life Insurance Money to Pay the Student Loans? – Sam

      Desperate

      “Dear Steve, Took out student loans at 8.5 % interest rate in middle 90’s to enable me to get Bachelors degree to be a teacher, have been making payments off and on since depending upon if I could afford them or not. Have used up all forbearances, etc…options, and am currently in about month 6 of a year long income ... Read More »

        How Does Advocate Credit Attorneys Work to Eliminate My Debt? – Richard

        Drive Carefully

        “Dear Steve, I have 8 credit cards that I would either like to combine payments(consolidate) to reduce my total monthly payments and also lower or reduce the monthly interest. Better yet, I would like to explore sometype of lump sum settlement with some of them at a lesser amount than is owed(cents on the dollar) to reduce my debts. Why, ... Read More »

          Consumers Alliance Processing Wants Me Backdate Texas Agreement. Is That Legal?

          caution

          “Dear Steve, 3 years ago I enrolled in Consumer Alliance Protection Processing management program. I’ve been paying regularly and have not had any failures on my end to pay monthly. Today I got a letter stating that they were sending me a “Updated Contract” approved by the state of Texas. They say “We are in the process of updating our ... Read More »

            How Do I Take Care of The Two Old Debts on My Credit Report? – Alexandra

            help woman

            “Dear Steve, I used to have a Chase Credit Card for $500. I haven’t used it since 2008 and because of some problems and no money at that time couldn’t afford to pay it out ($331). Now I got stuck with this credit card reporting each month on my Credit history as a collection. Also I have a medical Collection ... Read More »

              We Are Working Through Lloyd Ward to Resolve Our Debt But Have a Problem With CACH. – Melanie

              closeup of a gavel on cash, from above

              “Dear Steve, A few years ago, I maxxed out a credit card through HSBC Bank. Up until this past November, I had been paying $100 per month, as agreed to in a phone conversation with Midland Management. Even though I had requested several times for them to send me a copy of the debt owed and payment agreement, they never ... Read More »

                American Express Says They Will Issued 1099-C Personally on Corporate Card. – Roger

                credit card verification

                “Dear Steve, I have a client that has a business card with American Express. It was totally used for business, a corporation. His business is in really bad shape. He, however, is the guarantor of the card. He would like to do a settlement however Amex says they will have to issue him a 1099C individually. My client protests as ... Read More »

                  My Father Died Recently. Is My Mother Responsible for His Credit Card Debt?

                  Isolated wings

                  “Dear Steve, Dad recently passed away. He had one credit card in his name, with mom as an authorized user. Balance on the card is approx 10K. They live in WA state, which is generally a community property state, however they legally disolved the community property agreement and all assets were put in moms name months ago in case she ... Read More »

                    We Have to File Bankruptcy Again. Will We Have a Problem With That?

                    Bankruptcy Road Sign

                    “Dear Steve, We filed chapter 7 bankruptcy 11 years ago and unfortuanatley or in the place where we need to file again. Do you know if the courts treat someone differently when they know you have discharged a Chptr. 7 bankruptcy previously? Laura” The Answer Dear Laura, It will not be a factor or concern. Don’t worry. There is no ... Read More »

                      I Just Signed Up With Student Loan Processing .US and I’m Having Second Thoughts.

                      Cleaning toilet

                      “Dear Steve, I just signed up yesterday with student loan processing. US, but have paid no money as of yet. I signed an agreement that says I will get 100% of my money back if I am rejected for a federal student loan consolidation by Dept of Ed. The contract states how much, what the payment is estimated to be. ... Read More »

                        Which States Statute of Limitations Applies to My Old Debt? – Brooke

                        Magnifying Glass - Q&A

                        “Dear Steve, I purchased a van in Florida back in July of 2005. I did a voluntary repossession in February of 2007 in Virginia, after the bank would not wait two days for my first paycheck to clear my checking account (was two months behind). I never heard anything further from the bank after that (I realize now I should ... Read More »

                          Recently Divorced and Struggling With Debt. What Should I Do? – Kelli

                          Mature woman confused

                          “Dear Steve, Recently divorced and left with about $40,000 in credit card debt due to helping my ex-husband start his now lucrative company. I’m not bitter! I am drowning here now, however. It’s about ten credit cards with APRs spanning from 14% all the way up to 29.9%. I can only barely afford the minimum payments and realize that every ... Read More »

                            My Husband Does Not Want Us to Pool Our Income to Pay Off Our Debt. – Melinda

                            couple fighting

                            “Dear Steve, I work part-time and my husband has full-time income, but my husband does not want to put all the income together to pay the bills we have coming into the household. With my part-time employment, I do not make enough money to pay my bills every month!! We have 5 creditors that we could pay off by June ... Read More »

                              The NCO Debt Collector Lied That I Could Settle My Private Student Loan Debt. – Matt

                              crime scene

                              “Dear Steve, The background information is something like this: I went delinquent on a student loan (private) after a period of financial hardship. It defaulted and went over to NCO Financial for debt collections. I wasn’t sure how the whole process worked at the time, and I started a payment plan. My agent at NCO was named John and would ... Read More »

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