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Ask The Get Out of Debt Experts

The Credit Counseling Group Wants a Higher Payment Than I’m Paying Now. – Debbie

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“Dear Steve, Here is my situation: I used to make some really good money being in the mortgage lending business, but business has slowed down quite a bit. I get paid base plus commission and used to make some really good income, but that has been cut in half over the last few years. My problem is that I started ... Read More »

    Should We Sacrifice Our Retirement Funds to Settle Our Debts? – Alex

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    “Dear Steve, My family and I are behind on $96,000 of credit card debt equalling 7 accounts. These accounts are all between 120 and 150 days pass due. My family budget is about $1,200 a month short to make the monthly minimun payment on these accounts. One of our credit lenders who represents $82,000 and 5 of the accounts is ... Read More »

      Reduce Interest To Reduce Payments w/o Affecting Credit – Christina

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      “Dear Steve, We have too much credit card debt and rely on overtime to pay our bills. In the current climate it appears that the overtime is going to be pulled back and we will lose that extra income. Is there a way to reduce the interest on our credit card payments, thus, reduce our payment amounts, without it adversely ... Read More »

        I’m a Lawyer and Drowning in Debt. – Paula

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        “Dear Steve, I have approximately $50k in credit card debt. My interest rates and limits have recently skyrocketed and I cannot make the minimum payments. Although I am current on all bills (this will last for about 1-2 more months), as my savings have been depleted. Right before graduating from law school in 2008 I was laid off from a ... Read More »

          Am I Dead Meat? – Reggie

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          Reggie “Steve here’s the deal. I’m $25,000 in credit card debt. I lost my job and have no source on income coming in. I’m barely meeting my financial obligations and depression is setting in. I have $10,000 to my name. Bankruptcy seems to be out of the question because I don’t have an income source. My only asset is a ... Read More »

            I’m Working With a Credit Counseling Group But I’m Broke. – Cat

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            “Dear Steve, I shared most of it on your post about bankruptcies, DMP, and Debt Settlements. I have not been able to establish an emergency fund. I have no money nor credit obviously for a bankruptcy attorney. I still have about $25,000 in debt to pay (and this does not include a student loan that I have not begun making ... Read More »

              We Are Expecting Our First Child and Want to Get Out of Debt. – Michelle

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              “Dear Steve, My husband and I are expecting our first child in April. We have been married for nearly 8 years and were trying to pay off our debt before starting a family but after this long it seems as though it would never happen. We currently owe $89k ($850 monthly) on our home that we have lived in for ... Read More »

                How Much Debt Do I Have? – Matt

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                “Dear Steve, I’m looking to find out how much debt that I have to clean up my credit, I have outstanding medical records and missed payments and several things sent to collections How do i find out how much debt that I have and how do i begin to clear up my debt? Matt”   Dear Matt, Not a problem. ... Read More »

                  Should I Cash Out My 401K to Pay Off My Credit Card Debt? – Angie

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                  “Dear Steve, Should I cash out part of my 401k to pay off my 136,000 in credit card debt? Is the penalties worth getting rid of all that interest? The monthly payments are getting to high to pay due to the rising of interest rates. We tried to refinace our home but due to the lowering of credit limits our ... Read More »

                    Single Mother, Struggling, Depressed, Anxious, Can’t Sleep. – Veronica

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                    “Dear Steve, (struggling) small business owner and single mother. I owe approx 70K in credit cards & credit lines. Tapped out of credit options. In addition, I’m scared, cant sleep, anxiety, etc. I am about to close on 2nd mortgage in order to pay off debts. As an individual, can i negotiate with banks, credit card companies to reduce pay ... Read More »

                      If I Don’t Pay My Mobile Phone Bills in Australia Will They Disconnect My Service? – Ankur

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                      “Dear Steve, I am permanent resident of Australia, and currently back in my home country since last 5 months. I have been paying my 3 mobile phone bill on time, but now I don’t want to pay it as I don’t know when I will be returning to Australia. If I don’t pay my bill in future, will it affect ... Read More »

                        I Want to Merge My Debts Into One Big Ball in the UAE. – DW

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                        “Dear Steve, I live in UAE and got myself into serious financial turmoil. I have loans and credit cards and not enough to pay for them. I need some serious advice and help. I am basically looking to merge my debts into one big ball and have someone buy it out for me. I can repay back the amount over ... Read More »

                          Divorce Debt Mountain While Trying To Get Security Clearance – Robert

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                          “Dear Steve, I went through a divorce in 2004 and i was stuck with most of the bills. I am in the military and i am trying to get a security clear., but am having trouble due to all the bills that went past due and charged off from the divorce. I have paid on alot of the bills working ... Read More »

                            Reaffirmed Car To Be Repossessed After Bankruptcy – Ray

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                            “Dear Steve, I filed bankruptcy and reafirmed my car. I then lost my job. Now my car is going to be repossed. I am several months behind. How can I keep my car now that I have found steady employment and can make the payments Ray” I asked my friend Mike Killian to answer your question for you. I wanted ... Read More »

                              I’m Living in Manhattan, Just Lost My Job, and Super Scared. – Elizabeth

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                              “Dear Steve, I am 36, living in Manhattan, pay $1900 in rent, owe $20,000 in debt, was laid off three months over the summer and just lost my job again. Credit cards are maxed out, severence was enough to cover rent for one month only and I have to wait one week for unemployment to kick in, which will voer ... Read More »

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