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Ask The Get Out of Debt Experts

Credit Cards Maxed Out. I Can’t Get a Debt Consolidation Loan. – Manuel

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“Dear Steve, Hi. I currently have 1 credit card just about maxed out at $10,600, another one maxed out at $5,300. I also have a debt consolidation loan from Banknorth for $11,000 (although I paid around $3,500 so I only have $7500 remaining to pay.) I gross about $2240/mo. I was laid off last year so had to use my ... Read More »

    Should I Just Let the Truck Get Repossessed? – Beck

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    “Dear Steve, I’ve been reading your advice. I am about to be laid off. I had a business on the side, but just blew the engine in my truck. That side business requies the truck. I can’t afford to fix it and already owe more than it is worth. You advise to pay only “essential bills”. You have advised to ... Read More »

      What Happens When a Collection Agency Issues You a 1099? – Charlotte

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      “Dear Steve, First of all, FANTASTIC WEBSITE! What happens when you are issued a 1099 from a collection agency? I’m worried come tax time we will owe a lot of money to the IRS. Help! Charlotte” The Answer   Dear Charlotte, The only reason you would be issued a 1099 would be if your debt was written off as uncollectible ... Read More »

        Should I Cash Out All My Home Equity to Pay My Credit Card Debt Off? – Jim

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        “Dear Steve, Steve , Thanks for your time and advice . I have read many of your articles and still not sure which way to go . I’m down by 60G and need help . My first and second come to about 157.000 and I have enough equity based on todays market to clear out my debt . No one ... Read More »

          Will I Be Arrested at the Airport for My Bad Debts? – Maria

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          “Dear Steve, I arrived in the US in 2002 with hopes and dreams of staying here permanently. I came on a student visa. Over the past years I have accumulated some credit card debt (20K) and private student loans with no co-signer (50K). I have started paying my student loans and not behind on any credit card payments yet. The ... Read More »

            My Husband Owes £10,000 But His Credit Report Shows Nothing. – Sarah

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            “Dear Steve, Hi My husband has really bad debt and owes around £10,000. We recently did a credit report with Equifax to find out exactly what he owes so that we can begin repairing his credit status. The problem is after putting his past addresses in his file is not coming up with any credit history at all. Is it ... Read More »

              A Creditor is Taking Money From My Unconscious Step-Father’s Bank Account. – Edna

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              “Dear Steve, I have POA (on file with the State of AR) of my step-father’s affairs. I was not notified of a large garnishment imposed on our joint account. He is a senior citizen, unconscious patient in a nursing home. His wife lives independently. The funds were taken the day his retirement checks was deposited. This account is the means ... Read More »

                Is There Any Free Credit Counseling Help Available? – Everett

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                “Dear Steve, What is the best way to repay past debt which has been placed in collection, or written off as bad debt? I am now working and want to satisfy these debts and improve my overall credit worthiness. I called what I thought was CCCS and the phone was answered by Money Management International. After going over all the ... Read More »

                  Can My Husband File For Bankruptcy Without Hurting My Credit? – Sara

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                  “Dear Steve, My husbands ex-wife left him with very bad credit. None of it is credit card related. IT is stuff like student loans, overdrawn bankaccounts, unpaided bills, morgage that is twice what the house is worth. He also has a judgment againts him from Ford Motore Credit. We are trying to pay these back up it is over $100,000 ... Read More »

                    Is Bankruptcy Really For Me at 70? – Frank

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                    “Dear Steve, Hi Steve. I came across your reply to suggesting bankruptcy too often while checking the site. I am hoping you will be able to advise me regarding my huge debt situation. I am a 70 year old man on social security and a small monthly pension. My income at this time is around $1350.00 a month. Up until ... Read More »

                      I Would Like to Combine All of Our Debts Into One Loan. – Joe

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                      “Dear Steve, My wife is leaning towards debt consolidation through a reputable company. I would like to combine our debts in one loan, but with a fixed rate. the problem is that banks are not willing to give out personal loans at this time. I need a 25k loan to consolidate my bills. I am not late on anything, but ... Read More »

                        I Was With Allegro Law Debt Settlement But I’m Thinking of Going With Pacific Debt Now? – Shannon

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                        “Dear Steve, I owe about 26,000 on credit cards i was with allegro law no im getting out of that and thinking about going with pacific debt but i here watch out for big amount of fees upfront,the first 3 payments go straight to them but after that all money but 56.00 goes in my account Does this sound right ... Read More »

                          American Express Sued Me Personally For a Business AMEX Card I Had. – Michael

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                          “Dear Steve, I had a small construction business, an LLC in Ohio, in Jan 2006 I closed it due to lack of work and had a small number of bills the company could not pay. All have gone away so I did not bother to file bankrupcy. Two years later American Express resurfaced. I moved to Kansas in 2007 a ... Read More »

                            Can I Transfer My Allegro Law Debt Settlement Contract to Another Company? – Rafael

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                            “Dear Steve, I have been with Allegro since June of 2008. They have helped me pay down over $4000 on a huge debt and lowered my interest rate by half. I have seen the recent news and I am concerned about losing my rate and fixed payments. The phone system at www.allegrolawreceivership.com says that all the current contracts will be ... Read More »

                              My Husband is Going to 1099 Me. We Are Getting Divorced. – Suki

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                              “Dear Steve, Hi Steve, I helped my husband run his business, he paid me each month, and for the first time in our marriage, he said he will 1099 me at the end of the year. I unfortunatly have gotten myself in heavy debt, 32 thousand in only credit cards that are in my name only. Im so scared to ... Read More »

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