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Ask The Get Out of Debt Experts

Dave Burke and His Real Talk Network Were Supposed to Help Us But Sent Us to Collections. – Kelly

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“Dear Steve, I have read 2 articles by you about people trying to do business with this company and getting sent to collections. This happened to us also. We were not contacted by RTN, just sent immediately to a collection agency. They refused my husband’s calls and the collection agency representative even told us that we shouldn’t do business with ... Read More »

    How Do I Get The Phone to Stop Ringing With Debt Collectors? – Renee

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    URGENT QUESTION! Renee “Dear Steve, My husband and I have both been unemployed since the first of November. We have two small children, two mortgages (total exceeds current market value), and several unsecured debts (nearly $20000). We are currently unable to even pay minimums. The mortgage company will begin foreclosure if we don’t pay them $1500 within the week. We ... Read More »

      How Do I Pay My Credit Card Bills and Still Have Money for Day-to-Day Expenses? – Maria

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      “Dear Steve, I am a teacher. I have enough for mortgage and bills but not for credit card payments anymore and I am going crazy with debt. I was paying my minimum payments on credit cards but then was left with no money left over for day to day expenses so I would use the little amount available on the ... Read More »

        Frederick J. Hanna & Associates is Trying to Collect an Old Capital One Debt From Me. – Ann

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        “Dear Steve, I am in debt with Capital One credit card company. I’ve been unable to pay them for the past year. I just recived a letter from FREDERICK J. HANNA & ASSOCIATES, P.C. ATTORNEYS AT LAW. It states I need to contact them to make arrangements to pay the unpaid balance. If I don’t notify the office within 30 ... Read More »

          Should I Take Out My 401K to Tide Us Over? – Dwight

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          Dwight “Dear Steve, I am a software salesman to the car wash industry. With the slowdown of the economy I have taken an almost 50% decrease in pay ($100K down to $50K). It looks like my income this year will be in the $40K area. I have a family of 4 beautiful kids (all girls) and a wife who works ... Read More »

            My Credit Reports Are in Such Bad Shape That I Can’t Get Credit Anymore. – Mariana

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            Mariana “Dear Steve, My credit reports are in such bad standing that I can not get any more credit. I suspect identity theft on my credit report from Equifax but can’t obtain a copy of it bc of all the fradgulent claims such as a mortgage on a home – I dont own a home. How can i get a ... Read More »

              Will the American Mortgage Company Chase My Son to the British Channel Islands? – Linda

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              “Dear Steve, I am trying to help my Son/Daughter in law with their American Mortgage My Son/Daughter in law got caught up in a Florida buy from plan scheme and ended up with an American mortgage for $350,000 They live in Jersey in the Channel Islands, both have lost their high paying salaries and now have a third of the ... Read More »

                Is Taking Money Out of My IRA to Pay Off Credit Card Debt a Smart Thing to Do? – Sarah

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                “Dear Steve, I have about 25k in my IRA and about 2k in my 401k. I owe about 11k on credit cards and every month I go more into debt because I make less money then all of my bills. If I were to pay off my credit cards, I would have enough money to live on and wouldn’t need ... Read More »

                  My Wife and I Are in the Military and Need to Get a Consolidation Loan. – Andy

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                  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 Andy “Dear Steve, My Wife and I are in the Military and have 3 or 4 credit cards and a few loans. My wife had identify theft and we tried to ... Read More »

                    What Happens if I Default on My Stock Options Loan? – Joyce

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                    Joyce “Dear Steve, Retired from 5/3 Bank in 2003 I was offered a loan to purchase my Stock Options. These options were at $40.+ and $50.+ per share. I have a loan for $36,300 at prime with quarterly interest with no maturity date. The stock price now is around $2.00 per share. The collateral for this loan is the stock. ... Read More »

                      When I Was Younger I Made Some Silly Debt Mistakes. – Kristina

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                      Kristina “Dear Steve, To go bankrupt or not to go bankrupt when trying to get a loan for a new house asap is the question? Well to start off I’m looking for answers, answers to questions I don’t even know how to begin if that makes sense? I was a young stupid kid and decided to take everything for granted ... Read More »

                        Your Searches and Speed Round Answers

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                        I was looking through the recent search phrases on the site this morning and thought I’d take a whack at answering some of them quickly so I’m trying a new approach, the speed round. What happens if you do not answer a debt collectors who is an attorney? If you mean answering the phone, you just flow further down the ... Read More »

                          I Want to Get Out of Debt Without Ruining Our Credit. – Melissa

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                          “Dear Steve, With the economy in such turmoil, my husband who is self-employed has had close to no work for 6 months. I went back to work and that is helping, but our finanaces are a mess. We are living paycheck to paycheck and are barely able to make our monthly payments. We had already had credit card debt and ... Read More »

                            I Live in Guatemala and I Can’t Pay My Credit Cards. – Jose

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                            “Dear Steve, Hey, i live in Guatemala and i have a credit card with limit of 1k US dollars, i had use around $800, i have another one with limit of $500 wich has used around $300 i was paying around twice the minimum fee every month but then the construction company that i worked for had a problem with ... Read More »

                              I Had a Western Michigan University Credit Card. I’m Now Getting Sued On It. – Martha

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                              “Dear Steve, I am being sued by a debt collector/attorney’s office on an old WMU credit card account which was closed over 2 years ago. I’ve told them in writing that I have no income other than unemployment and no assets. My court date is scheduled end of January. This week I got a letter from them “subpeoning” me to ... Read More »

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