Home > Ask The Get Out of Debt Experts (page 340)

Ask The Get Out of Debt Experts

Lost Our Jobs. Need to Get Rid of House, Fast. – Me

Ready to Collapse

“Dear Steve, Lost of jobs nowhere to turn. Husband and i both lost our jobs we have fallen behind on our bills and our mortgage. What is the safest quickest way to get out of our home without haviing to file bankruptcy? What about a short sale or lieu of deed? What does that cost? How long does it take ... Read More »

    How Do We Get Out of Debt When We Owe More Than We Make in Net Income? – John

    Ready to Collapse

    “Dear Steve, My wife and I have over $30000 in credit card debt, $20000 in a 2nd mortgage and owe my father $9000 (and we haven’t even begun to pay him yet). We pay roughly $900 a month in minimum payments. We cannot say for sure how it got this bad since we never tracked our spending, but we believe ... Read More »

      I Have Too Much Credit Card Debt to Refinance the Mortgage. – Bob

      Ready to Collapse

      “Dear Steve, Was out of work for a while, and took a sizeable pay cut to take a job. Between my wife and I we are about 50K$ in CC debt. We make about 10,900K$ take home a month. Our expenses are about 5980$/month using your form. We need to refinance our mortgage to get the payments down (never late ... Read More »

        I’m Being Sued But I Want to Avoid Bankruptcy. – LG

        Ready to Collapse

        “Hi Steve, I’ve seen your site and thank you for your work. I need an advice from you regarding my financial situation.I have a debt which would amount to approx.$48k in credit card and a car loan of $13k. There’s a pending a lawsuit for Jan.4 and another on Jan.20. I’m trying to stay away from bankruptcy if I could ... Read More »

          I’m Very Close to Falling Behind on My Bills. Do I Have any Options Other Than Bankruptcy? – Paul

          Ready to Collapse

          “Dear Steve, I have piled up over $60k of credit card debt over the past couple of years. My gross income has been in the $55k range for the past two years. I am in a business where my income should continue to grow but with minimums around $1300 per month I’m very close to falling behind on these and/or ... Read More »

            I Want to Use Twitter to Get Out of Debt. – Kunwar

            Ready to Collapse

            Kunwar “Dear Steve, I had a family business since 1978. The business ran into trouble waters in 1999. There were huge debts. we settled a few. I lost my father in2005. I pledged to settle some debts. In 2007 I closed the business as i INCURRED MORE LOSSES AND WAS DIFFICULT TO SUSTAIN. I joined XXXX as tech. support officer. ... Read More »

              My Wife and I Are Retired With $28,000 in Credit Card Debt. – Dale

              Ready to Collapse

              Dale “Dear Steve, My wife and I are both retired. Our ages are 68. We find ourselves $28,000 in credit card debt. with a car payment and a motgage. Six of the credit cards are from Capital One. They are changing the rates to 19.99% on all of the accounts. We have some as low as 7.99% and 11 and ... Read More »

                I Used to Make a Lot of Money. Now I Don’t. – Barbara

                Ready to Collapse

                Barbara “Dear Steve, I am self employed and in the last few years have been going downhill fast. I can get another job, but it wouldn’t cover a tenth of my expenses now because all this debt was nothing when my business was going well. For example, I was used to making 6 to 7000 a week, my mtg payment ... Read More »

                  What Happens When I Cut Up My Card And Mail It Back to the Bank? – Chris

                  Ready to Collapse

                  “Ok Steve, let’s rock. If I cut my credit card up and mail it back to the bank, thus canceling the account, do I have to pay off the card’s outstanding amount in one lump sum, or can I continue making monthly payments? Chris”   Dear Chris, You will not need to make one lump-sum payment but cutting it up ... Read More »

                    Will We Be Evicted or Have to Still Pay Our Rent if We Go Bankrupt? – Lizzy

                    Ready to Collapse

                    Lizzy “Dear Steve, My husband and I are considering filing for bankruptcy. WE have a lot of debt. We dont know how we are even going to pay next months rent. We have two little children as well. Car payments coming up… etc. How does bankruptcy work? Will we be evicted out of our current apartment? If not, will we ... Read More »

                      I’m Being Sued Over a Personal Loan. – Jennifer

                      Ready to Collapse

                      “Dear Steve, I am being sued for a $700 personal loan from my ex-husband’s stepfather from May of 2005. I do not remember borrowing the money, but have found bank records that I did indeed borrow the money and also paid back $100 of it in October of 2005. He had never attempted to contact me regarding repayment prior to ... Read More »

                        My Parents Were Sued by Landlords Mortgage Company. – Jacob

                        1398-d

                        Jacob “Dear Steve, My parents were sued by a mortgage company that took over the house they lived at (almost a year ago). The landlord at the time went with my parents to court. She agreed to pay the settlement ($2400). We got her to sign an agreement with her saying that she would pay the amount. My parents signed ... Read More »

                          I Paid for Credit Repair. Was That and Trying to Do ‘Pay to Delete’ a Smart Thing to Do? – Tiffany

                          Ready to Collapse

                          “Dear Steve, ONE year ago in march I paid a credit repair person over $500.00, they were recommended by a mortgage lender I saw. He told me it would take 4 to 6 months and my score will be were I needed it to be. Totally hasn’t been the case. I spoke with the manager of the company who knew ... Read More »

                            I Saw You Sugegsted LendingClub to Someone. Should I Try That? – Renee

                            Ready to Collapse

                            “Dear Steve, I am a divorced single mom of 2 pre-teens, work full-time, I am a homeowner and I have no savings. My problem is this: After paying for the mortgage, utilities, insurance and bills, I have very little left to live on. This has resulted in my using credit cards as a “back up” – and I need to ... Read More »

                              How Can I Get a Credit Card Company to Accept a Repayment Plan I Can Afford? – Scott

                              Ready to Collapse

                              Scott “Dear Steve, How can I get a credit card company to agree to a repayment plan that we can afford? My stepdad passed away last fall, and as family stepped in to help my aging Mom, we discovered that they had accumulated about $35K of credit card debt. They were supplementing their fixed Social Security incomes by using credit ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.