Home > Ask The Get Out of Debt Experts (page 341)

Ask The Get Out of Debt Experts

I’m Currently in Debt and Not Getting Anywhere. – Penny

Ready to Collapse

“Dear Steve, I am currently in debt with credit card debt totaling roughly $36,000. I am married and we are not having trouble making minimum payments. However, I feel like we are getting nowhere, and can’t really afford to make more than the minimum payment. I have contacted MMI (Money Management International) and they can lower my payments by around ... Read More »

I Went to College for a Bit and Now They Want Me to Pay. – Noname

Ready to Collapse

Noname “Dear Steve, I singed a contract with my college to attend a semester tuition was 10 thousand dollars. I paid 3 thousand and stopped going to classes after that. The college is insisting I pay the remainder 6 thousand dollars, I ignored there request and told them I never attended class. They said since i singed a contract saying ... Read More »

Should I Cash in my 401K to Get Out of Debt? – Mona

Ready to Collapse

Mona “Dear Steve, We just finished building our home (we were the contractors). Before we started we had very manageable debt and our credit scores were almost 800. We used a construction to permanent loan(5.5%) and credit cards to build our home. Now that we are finshed we have a $255,000 mortgage and owe $85,000 on credit cards. My husband ... Read More »

My Husband Has Chronic Depression, is a Process Server, and in Debt. – Tamara

Tamara “Dear Steve, My husband has chronic depression and has always just worked part time. He had a small business as a process server, and he got a business credit card from Capital One for $5000. The card is in his name and he got it before we got married. The last few years, he’s stopped working mostly, just laying ... Read More »

Can I Go Bankrupt in the U.S. Even Though I Live Outside the States Now? – Peter

Ready to Collapse

“Dear Steve, Used to live in the USA, moved to UK for work with intention of moving back to USA after visa re-issued. Due to financial climate never moved back to USA. Have an American Express credit card with a very large outstanding balance. Transfering money to the USA every month to pay the minimum, obviously no longer using the ... Read More »

What Should I Do to Get my Credit Score Up From 400? – TLT

Ready to Collapse

TLT “Dear Steve, Great job make about $60,000/yr. 2 children. Single parent. Between my rent/utilities $1200/month, Car and Insurance $600/month, money I owe to grandmother $700/month and daily living expenses. My kids are athletic I pay for sports, all equipment needed. I pay for all aspect of our healthcare. I have a ton of bills. Public records, judgements, defaulted student ... Read More »

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 »

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.