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

Ask The Get Out of Debt Experts

Can I Rent Out Some Rooms in My New Home With an FHA Mortgage? – JJ

Ready to Collapse

“Dear Steve, Purchased home under an FHA loan. Will be inspected to see if I am a primary resident in a month and a half. If this is my primary residence, am I also allowed to rent out a couple of the rooms? JJ”   Dear JJ, Well you want to be very careful that you don’t do anything to ... Read More »

    Novadebt, Garden State Consumer Credit Counseling, Taking Over My Allegro Law Debt. – Anna

    Ready to Collapse

    “Dear Steve, I signed up with Allegro Law earlier in the year. I have been following the comments and I am in the same boat obviously as everyone else. I have stopped sending payments to Allegro because they haven’t paid any of my creditors. Yesterday, a rep from Allegro called and left a message saying that have not received payments ... Read More »

      Some Old Debts Just Resurfaced on My Credit Report. – Carrie

      Ready to Collapse

      “Dear Steve, Several years ago (6-8 years) I accumulated approximately $25,000 of debt and no reasonable way to pay it back after a divorce. I dodged the creditors and collection agencies-but never had the means to pay anything to any of them. (I lived in subsidized housing,received food stamp benefits and was qualified for rehab services for my hearing loss, ... Read More »

        Is There Any Way to Get My Overdraft Fees Reversed? – Sheri

        Ready to Collapse

        “Dear Steve, I have been charged so many overdraft fees by my bank, now I cannot pay my bills there are 1300.00 worth of fees. Is there a way to get these reversed Sheri”   Dear Sheri, If the fees built up because your account was actually overdrawn, then your options are limited. But saying that you need to understand ... Read More »

          Will My Credit Report Ever Get Updated From the Hess Kennedy Debt Settlement Mess? – Josh

          Ready to Collapse

          “Dear Steve, So 5 years ago we hired Hess Kennedy, as you know, nothing was done. Now there appears to be a settlement, but our credit report is not updated and never has been. What do I do? The website for the receiver is now shut down. Also, am I going to get my settlement from them? Josh”   Dear ... Read More »

            I’m Trying to Get Rid of Medical Debts. – Kim

            Ready to Collapse

            “Dear Steve, Hi, I recently been trying to raise my credit score. I have fair credit; my issue is getting rid of medical bills that’s my main issue. iI am 41 yo and my debt is $7,000 in 95% being medical. Can you help me sort this out? Thank You. Kim”   Dear Kim, The best way to tackle the ... Read More »

              I Am a College Grad With Debt and Working With Debt RX. Should I? – Luke

              Ready to Collapse

              “Dear Steve, I am a college grad, with 3 credit cards totalling around $18,000 of debt. I enrolled with Debt RX in March/April of 2009 and have still not settled with any of the cards. They have been good about answering my phone calls and responding to emails, but don’t know if this usually takes this long. I am still ... Read More »

                University of Michigan Graduate Needs Some Student Loan Help. – Kristi

                Ready to Collapse

                “Dear Steve, I am 23 years old, and have recently graduated from UM with a BA. Unfortunately, I’ve also graduated with $110,000 in student loan debt, $20,000 of which is federally-backed. It’s the other $90,000 in private student loans that have got me backed into a corner: From what I can tell, I have no options as far as repayment ... Read More »

                  We Are Underemployed And Stuck in a Million Dollar Home. – ConfusedSD

                  Ready to Collapse

                  ConfusedSD “Dear Steve, In 2005 my wife and I were both working and bought a house. The original value of the house was $1mm+, we put over $250k down, and we were both making more than $250k combined. In 2007 we both lost our jobs and were unable to find employment that paid as well as our last jobs. Last ... Read More »

                    How To Get Bank To Reduce Interest On Personal Loan – Jena

                    Ready to Collapse

                    “Dear Steve, I have a personal loan with BofA and it’s somewhere at 23%. I’ve been trying since i got it to have the APR lowered but keep getting excuses as to why they wont. Now i’ve lost my job and can’t afford the payments. When I called BofA once again they said they couldn’t lower the APR to help ... Read More »

                      I Can’t Find a Debt Consolidation options for My TERI Student Loans. – Amanda

                      Ready to Collapse

                      “Dear Steve, I have the current dilemma regarding my student loans. When I first went to college I had to get a loan as soon as possible in order to stay in the dorms, so without proper research, I ended up applying for a $40, 000 private loan through Teri. A year later once realty set in my head that ... Read More »

                        Shane is Out of Work, Out of Money and Out of Time

                        Ready to Collapse

                        Shane “Dear Steve, I lost job January 3, 2008 and now have $30,000 in card debt plus $30,000 in personal loans. Should i use debt settlemant company? I know bankruptcy is bad. Shane”   Dear Shane, While you want to shed your debt, I don’t think there is any reasonable expectation that you would be able to do that via ... Read More »

                          Cashout 401k and Then Reimburse? – Roger

                          Ready to Collapse

                          “Dear Steve, Cut back in hours at work. Hard to keep up with the bills. Now have to do something! Why not cash out or take a paritical cashout. Could you not pay off high intrest loans or credit cards. The money you would save intrest would save money. Then increase what you were putting in your 401. No? Roger” ... Read More »

                            I’ve Been Called Back to Active Duty in the Army. What Do I Do About My Car Payment and Bank Loans? – Larry

                            Ready to Collapse

                            Larry “Dear Steve, I have been called back to active duty. I do not make as much on active duty as I did on the civilian side. I am currently selling my house but even with it gone I don’t make enough to pay my car note and my bank loans. How do I fix this without bankrupcy or repositions? ... Read More »

                              My Husband and I Have Made so Many Bad Decisions it has Led Us Into Serious Debt. – Lisa

                              Ready to Collapse

                              I apologize in advance for the short response. I am currently away on vacation with limited internet but wanted to give you an answer as soon as possible. Steve “Dear Steve, My husband and i have made so many bad desicions it has led us into serious debt. Our house is morgaged up to max leaving no equity ay all. ... 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.