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Ask The Get Out of Debt Experts

I Had a Title Loan. They Took the Truck and Sold it But Say I Still Owe Them. – John

auction

“Dear Steve, I had a 2003 ford ranger 4 door need some cash to fix some lose end truck was paid out My question it i used the truck to get a title loan from a title company which gave me half of the fair market value . after which i had some problem with my boss at work who ... Read More »

    How to Get Out of Debt Quickly So I Can Save for Retirement? – John

    Certain death

    “Dear Steve, 60K in credit card debt. Annual salary approximately 130K. Able to make minimum monthly payments on all cards, but never significantly reduce overall debt. My credit card debt ranges from Nebraska Furniture Mart to Home Depot, Macy’s and Chase. Now that I make more money, I can pay the minimums, but I want to get rid of the ... Read More »

      The Debt Reduction Department Sent Me a Mailer. Is it Legitimate? – Joseph

      run away

      “Dear Steve, I received in the mail from: “Debt Reduction Department” P.O. Box 4668 #66587 New York, NY 10163-4668 877-870-7764 They claim to facilitate a renegotiation of debts directly with my creditors. I said I didn’t give personal information over the phone, only face to face with local businesses. Are they legitimate business? BBB notes? Joseph” The Answer Dear Joseph, ... Read More »

        A Debt Law Firm Says They Can Get Me Out of Debt in Two Years. Is That Safe? – Stephen

        Why?

        “Dear Steve, The total balance across my 6 credit cards is $13,500 and I am paying $308 monthly in minimum payments. A debt law firm has offered to put me on a 2 and a half years program that will get me out of my debt. While I stop making payments to my creditors, I will pay $264 x 30 ... Read More »

          Can I Get An Income Based Repayment Plan for My $197K in Student Loans? – Ian

          under construction narrow

          “Dear Steve, Due to the poor financial planning of both myself and my parents, I financed my undergraduate education primarily with student loans. Even worse, I went to an out-of-state school with high tuition. After four years (and an abortive year in law school), I racked up about $197,000 in student loans. I know it’s an obscene amount. I have ... Read More »

            My Store Lost Money and Left Me With Debt. I’m Retiring. – Dave

            tunnel

            “Dear Steve, Lost 1165.00 income from sale of store and I was the bank…total 54,000.00 I am retired and have 1500.00 SS and 500.00 company retirement. Problem is I ran up credit card dept trying to keep the store going and have paid off all bank loans except I have around 30,000.00 credit card debt. I am not late and ... Read More »

              Capital One Turned Me Down for a Secured Card. Why?

              Rejected stamp

              “Dear Steve, At one point I owned 7 houses and had 780 credit score. I fell on some very hard times. I lost 1 house in foreclosure about 5 years ago . I had to sell and short sell 5 more of my homes.The last short sale closed in October 2012. I also setteled 2 credit cards and are paying ... Read More »

                Is Defense Lawyers a Reputable or Legitimate Company to Work With? – Gwynne

                Problem Solving Series

                “Dear Steve, A debt consolidation company contacted me by phone this week inquiring if I would be interested in reducing my credit card debt. I listened to what they had to say, however, I did not give them my credit card numbers or bank names as I did not know if they were legitimate or not. They gave me the ... Read More »

                  My Husband’s Trucking Business Failed and He Lost It. Should We File Bankruptcy? – Sally

                  truck

                  “Dear Steve, My husband lost his trucking business 2 years ago, in turn, we lost our house to foreclosure and turned in our tractor trailer to the credit union. We bought our in-laws house, so we have a place to live. We are paying their mortgage and deed is still in their name for now. After the credit union sold ... Read More »

                    How Do I Get My Ex-Husband to Pay The Attorney Fees He Owes Me? – Michelle

                    boxer

                    “Dear Steve, I have been divorced for 2 years and my ex has decided to file a chapter 13 to avoid going to jail over 11k of back child support. He was also court ordered to pay back all attorney fees to me after the divorce and has failed to do so. Child support recovery has taken over the child ... Read More »

                      Capital One Wrongfully Repossessed My Car and Now Someone is Trying to Collect. – Gregory

                      punched-in-face different

                      “Dear Steve, 2006: purchased a car through Capital One Auto Finance. 2007: got behind on payment, went into the military, vehicle was repossessed while I was at basic training. early 2008: tried to pay on it a bit, but couldn’t afford to so I stopped. late 2012: Honorably discharged from the military. 2013: Got written word that Capital one wrongfully ... Read More »

                        My Parents Were Terrible at Managing Money. Now I Am as Well. – Kassandra

                        debt hole law tada

                        “Dear Steve, 25 year old newlywed with 16month old child, stay at home mom. Got a job working for a great company at 18, Whole Foods, was making okay money and living at home. Applied for credit cards at about 19 because every store and bank was offering one and I was young and dumb and was never given any ... Read More »

                          My Husband Passed Away and Now I’m Trying to Make It On My Own. – Barb

                          Isolated wings

                          “Dear Steve, Since my husband passed away several weeks ago, I no longer have his income to count on for our bills. I’m already fighting foreclosure so it’s no surprise that I’m having a tough time trying to carry the load alone. I’m working on plans to grow my small business as well as some other sources of income but ... Read More »

                            My Bank Says They Won’t Work With Nationwide Debt Direct. – Bill

                            time bomb

                            “Dear Steve, I noticed you commented before about Nationwide Debt Direct. I had a preliminary talk with them today. They came up with a ballpark monthly payment that, they say, would pay off my grand amount if they can successfully negotiate lesser balances with the credit cards. But what worries me is that they need me to set up a ... Read More »

                              Can the IRS Seize Our Bank Account for a Defaulted Student Loan? – Judy

                              catcher

                              “Dear Steve, IRS has garnished our income tax refund from 2012, for a student loan defaulted in 1990 or 1991. This is my student loan, for about $2200 at the time. I’m sure it is more now, 23 years later. I am not employed. My husband’s income is our only source of income and we filed our taxes Married filing ... Read More »

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