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Ask The Get Out of Debt Experts

How Can We Find a Mortgage Company to Work With? – Susan

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“Dear Steve, My husband and I have a mortgage of approx. $78,000.00 on our home. We also have a home equity debt of $50,000.00. The mortgage is a 2 year ARM and is at 3.75% as of April 2009. Our home equity is a couple of points higher. Our tax appraisal puts the value of our home at $276.000, 00 ... Read More »

    I Asked My Boyfriend to Cosign for My Sister’s Boyfriend, And He Did. – Cynthia

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    “Dear Steve, I asked my boyfriend to co-sign on a home equity line of credit for my sister’s boyfriend at the time. He bought a condo and he needed extra money to pay off his car because he couldn’t make ends meet. We did it as a favor because his credit wasn’t enough to get the heloc. My boyfriend agreed ... Read More »

      How Can We Get Help With Our Debts When We Are Not Behind? – Jaimee

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      Jaimee “Dear Steve, I am around 31000 in credit card debt between six cards. My lowest interest rate is 2.99 and my highest is 22. All of this debt was ran up during a period that my husband was in school and I was the only income. Citibank is my highest balance and they just raised my interest rate from ... Read More »

        Teresa Writes In And Asks “What Should I Do Next?”

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        “I have a lot of debt. I fell behind after being diagnosed with cancer. All the medical bills were paid at first but I maxed out credit cards and then took out a HELOC. The HELOC made my debt worst because it just consolidated the debt but left open credit that was used again. Now I have a suspended HELOC ... Read More »

          Dave Burke and his Real Talk Network Sent Me to Collections. – Stan

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          “Dear Steve, I am a real estate broker of 35 years and have gone without an income for 13 months. Last April, I went to a pay off your debt seminar by Real Talk Network/Dave Burke. I charged $1997 to my Nordstrom Visa. Burke did not disclose thet his secret system is dependent on a decent FICO score and so ... Read More »

            Can I File Bankruptcy Without My Husband Knowing? – Janine

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            Janie “Hi Steve, I think I know the answer to my questions, but want to see what you have to say about it. Can I file Bankruptcy without my husband knowing? Thank you, Janine”   Dear Janie, Technically there is no reason why you have to tell him if you are going bankrupt in your name alone. You will probably ... Read More »

              We Are Concerned About the Complaints Against CCCS. – Andrea

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              “Dear Steve, We are on the verge of signing a contract with CCCS (Money Management Itl) but the complaints against them are not good! We currently do not own a home, but are making fairly large payments on 2 cars and have almost $40,000 in cc debt…not to mention 2 student loans totally about $25,000 that are in forebearance. My ... Read More »

                I Need a Divorce But I’m Trapped in a Mortgage. – Susan

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                “Dear Steve, My relationship with my husband has hit a new low. I need to get out of here and get a divorce but we have a mortgage together on a house that we owe more on it than it is worth if we could sell it. What do i do? Susan”   Dear Susan, When you get divorced, you ... Read More »

                  I Have Been Speaking With Money Management International But Not Sure That is The Way to Go? – Banks

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                  “Dear Steve, I work full time…finally… make pretty good money, I am young, married, no kids and it is my goal to buy a house in the next 12-18 months. I have about 11000 in super high interest rate credit cards. I have been speaking with Money Management International about a payment plan. They take out 300 a month at ... Read More »

                    I Am a Florist Trying to Pay Back My Business Debt. – Marina

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                    “Dear Steve, I am a florist who rec’d $ 65,000 in back loan to start up a business.It is Down to $54,000 still have $16,000 in credit card debit with five cards. I have several private and corp clients to pay the bank loans. Plus I have two part time jobs as a florist to pay household bills and paid ... Read More »

                      Do I Wait Out the Statute of Limitations or Deal With This Now? – Justin

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                      “Dear Steve, Hey how are you I am 22 and live in Philadelphia area the law states here (i think) that 4 years is the limit for creditors to come after me. Two and 3 years ago I was having too good of credit for my age and was extended an 2000 unsecured bank of america card. The thing is ... Read More »

                        I Am Looking to Consolidate My Debt And Then Form a Plan to Get Rid of It. – Drowning In Debt

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                        Drowning In Debt “Dear Steve, In a TON of debt…looking for a way out. I am looking first to consolidate my debt, then form a plan to get rid of it. I have a $235,000 mortgage at 5%, a $65,000 interest-only second mortgage at 3.75% and about $47,000 worth of credit card bills. I was one of the millions of ... Read More »

                          They Repossessed My Car and Now Say I Owe Eleven Grand. – Don

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                          “Dear Steve, My car was repossed. I fell behind on the payments, the transmission went out, and I didn’t have a place to live for a short period of time. I had to choose and having a place to live won out. I’m employed and have just received the deficiency notice. I owe $11,000 which of course I don’t have. ... Read More »

                            We Signed Up With ClearOne Advantage And Now Getting Sued by Navy Federal Credit Union. – Fran

                            “Dear Steve, We have signed up with a debt consolidation company Clear One Advantage a year ago we are in debt 100k. What does it mean to be sued by a Navy Federal Credit Union. Can they take our house, cars assets? How should we handle this mess. Should the debt consolidation company step in? Fran”   Dear Fran, ClearOne ... Read More »

                              I’m Draining My SEP Retirement Funds to Keep Up My Credit Score. – Diana

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                              “Dear Steve, At over 50 with excellent credit score and lines; self-employed for 25 years until recent couple of years (digital age/economy caused inability to rebound thus far), and after a nasty divorce over 5 years ago (which started the debt cycle – he dragged me through court), and a relo back home to Michigan (in 2005), I find myself ... Read More »

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