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Ask The Get Out of Debt Experts

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 »

                      Do I Owe My Mortgage Company Money After My Foreclosure? – Clint

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                      Clint “Dear Steve, Does this mean that when they auctioned my home that the company got what i owed them? Clint”   Dear Clint, The image you supplied me with is of the mortgage as it is reported on your credit report. A credit report can only display information that a lender has elected to provide. I’m afraid the information ... Read More »

                        Should I Consolidate My Debt? – Steve

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                        “Dear Steve, I have around $20,000 in credit card debt at present and having a very difficult time maintaining even the minimum payments. I have 8 credit cards with most of them at 29%. I am not sure if I should try contacting each credit card or going with a credit consolidation company. I have heard so many bad things ... Read More »

                          I Got a Dear John Letter From My Credit Card Company – Ed

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                          “Dear Steve, So I have a high household income (over $200K) and my husband and I have excellent creit scores (above 720). We have lived in the same home for over 10 years. Last year, we had to face initiating a very costly lawsuit. Long story, but it is costing us close to $100K. We have paid for this ourselves, ... Read More »

                            I Owe $100,000 in Student Loan Debt And Might Have to Leave the U.S. My H-1B is Expiring. – Venkat

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                            “Dear Steve, I have been in US from 2002, I have been working full time from 2004. I have been working on my part time MBA from a Top business school from 2008. I am on currently on a H-1B visa now. The green card is no where in sight. I have minimum credit card debt and i have cleared ... Read More »

                              How Can I Pay Off My Closed Credit Cards at a Lower Interest Rate? – Ann

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                              “Dear Steve, All my credit cards have been closed (three) I have a balance of about 15 thousand that needs to be paid. I have made no payments. I was paying one. (With more than the minimum but that company got bought by another and they decided to drop me) The percentage rates on the cards are all 27-29% how ... Read More »

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