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Ask The Get Out of Debt Experts

I’m Trying to Get a Visa in Dubai But I Owe Money. – Mike

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“Dear Steve, I came here to Dubai from 5 years , like all the people i was working normally, i had loans ( hsbc, standard ) (personal loans ) and some credit , in January the work closed and i went out my country , i came back in last sep on a visit visa, and now i wanna renew ... Read More »

    I’m in Debt, on Benefits, Have Kids, and Not Much Money. – Alicia

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    “Dear Steve, I am in debt and need help. I have 6300 debt with 10 companies. I am on benefit with two kids and not much money. The debt manager wants 40 of my 100 each month and says it will take me 8 years to pay it off. But is that the best way. I offered everybody 5 to ... Read More »

      Was I Wrong to Co-Sign for a Car for a Friend? – Stewart

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      “Dear Steve, I have co-signed a car for a friend that was once living in toronto now he has moved back to montreal, but he hasn’t been able to make the payments for the car and is often late doing so, he is now caught up with payments but I have been asking him to take me off as a ... Read More »

        I’ve Been Laid Off Three Times in Three Years. The Bills Are Too Much. – Deb

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        “Dear Steve, I am 3 times laid off in 3 years. I only have unemployment insurance coming in to support me and this may run out soon. I have no assets at all. I have lost everything in the last 3 years of lay-offs. I rent and own nothing else of value with no savings and am having difficulty finding ... Read More »

          I Ran Into a Rough Time and Defaulted on All My Credit Cards. – Scott

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          “Dear Steve, About 6 years ago I ran into very rough times and defaulted on all of my credit cards. They were all charged off and my credit was ruined. I was too afraid to file for bankruptcy and opted to do nothing (foolish me). At any rate, I was sued by one creditor for $17,000 but the judge denied ... Read More »

            What Do I Tell My Banker? I Don’t Want to Get Into Trouble. – Sharon

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            “Dear Steve, In 2000-01, I found myself in conflict with my university (in NC where I live) on a policy matter that was never resolved and I had to leave the program. I was left with a lot of consumer debt, over time I have paid off in full or settled nearly all of the debts. However, in 2001, just ... Read More »

              How Can I Make Sure There is No Travel Ban to Prevent Me Leaving Dubai? – Aftab

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              “Dear Steve, I have credit cards and personal loans in Dubai and I am paying them in bits and pieces every month. My monthly payments is exceeding my curent income and due to the late payments and back log which I have it is so difficult to get them back in control. I can’t see any solution to this problem ... Read More »

                I Need to Go Bankrupt in the UK. Can You Help? – Michael

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                “Dear Steve, Self-employed, no assets. £16000 (UK) in debt and out of work. I would like some help with probably going bankrupt, as it looks like the most sensible solution in my circumstances. I would like to find some help, without falling into one of those debt managment companies. I i really dont know where to start, but when i ... Read More »

                  My Ultimate Goal is to Reduce My Monthly Payments and Get Out of Debt. – Nicole

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                  “Dear Steve, My debt is as follows: $8.5k – Chase Mastercard, $2.6k – Amex, $2.6k – Macy’s Visa, $2.6k – Best Buy, $500 – Discover. I have inerest rates between 21% and 28% on all of the cards due to late payments. Right now I am current on all of the cards but I am only able to make minimum ... Read More »

                    I Missed My Court Date Because My Son Has Autism and I Forgot. – Stephanie

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                    “Dear Steve, I had a summon against me but didnt show up to court because I was served after the court date & it honestly slipped my mind i know you are thinkind how could i forget, but after dealing with my son that has autism i really did forget, eventhough i know that is not an excuse. So now ... Read More »

                      My Wife Surprised Me With a $25K Credit Card Bill. – Christian

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                      “Dear Steve, My wife has suprized me with a $25k credit card debt. she has contacted the card company to lower the interest and they say they cannot lower it. we are looking to sell our house and this debt is hurting her credit score. I want to get her on a plan with low or no apr. she is ... Read More »

                        I’m 48. She’s 29. We’ve Got a Baby On The Way – Bob

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                        “Dear Steve, I make 30,000 a year, have 12,500 in credit card debt and an un-secured loan for 10,000 (borrowed to buy the trailer I’m living in) lot rent is 240 a month loan payment is 250 a month and min payments on cards total 250 per mth. My live in girlfriend makes enough to cover her personnal bills and ... Read More »

                          The Collection Company Will Not Make Payment Arrangements With Me. – Dee

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                          “Dear Steve, I owe a collection agency for a debt that i owe to the college I graduated from. They will not make payment arrangements with me and I do not want my wages garnished. Dee” The Answer   Dear Dee, There is nothing that requires a collector to make payment arrangements with you. The collector also can’t sue you ... Read More »

                            I Think Chapter 7 Bankruptcy Might Be My Only Recourse. – Steve

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                            “Dear Steve, I have just under 32 K in cc debt, paid down from a much larger amount. After reading comments on your site I am coming to the conclusion that a Chapter 7 might be my only recourse. I talked to one bank about the debt but all they did was reduce my credit line. I have been unemployed ... Read More »

                              My LLC Was a Wall Street Trading Firm With Negative Equity and it is Closing. – Michael

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                              “Dear Steve, Help! I have an LLC that was a trading firm on Wall Street. At the end, we had significant negative equity in the LLC. (Owed to our clearing agent) If we close the LLC, what happens to that loss? Is it considered forgiven debt? Where can I corroborate that in the tax code? Michael” The Answer   Dear ... Read More »

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