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BB Owes American Express $40,000, She Can’t Pay It, Bill Collectors Are Starting to Call

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BB “Dear Steve, I’m in approximately $80,000 of credit card debt with an unfortunate and sudden drastic change in finances due to situations beyond my control. I owe American Express $40,000 along with other credit card debt. I have never been late on my payments except this month. American Express along with a few more creditors has already begun to ... Read More »

    Department of Education Refuses to Forgive My Loan. – Paula

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    “Dear Steve, I have a student loan from 1986 that was 2,200 dollars and I owe 46,000 dollars now because of interest and penalties and the school was a fraud and i never finished or go a degree and i have tried for years to get a foregiveness on it and the dept of ed tells me i do not ... Read More »

      My Wages Were Garnished for a Student Loan Without Taking Me to Court. – Pamela

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      “Dear Steve, I have a student loan….i went thru the rehab program last year…i couldn’t agree with nco on a set payment of 115.00 a month they said to low…they sent paperwork to my job for garnishment…my question is this the garnishment was sent from ecmc letterhead in re: nco financial for garnishment..i was told by a lawyer (for advise ... Read More »

        Is This Consumer Debt Hardship Initiative a Scam? – Peter

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        “Dear Steve, I recently got a letter that makes me wonder if this is something I should do. 1050 Connecticut Ave. Washington, DC 20036 United states Of America RE: HR 5140 Consumer Debt Hardship Initiative They said I was eligible for hardship programs created in conjuntion with the Consumer Debt Hardship Initiative of 2009 and listed one of my debt. ... Read More »

          I Am Mentally and Physically Disabled and Can’t Pay My Student Loans or Bills. – Callie

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          “Dear Steve, I am currently disabled due to both mental and physical ailments. These problems have been exacerbated by chronic unemployment (and therefore poor medical treatment) over the past six years. Now, I couldn’t even work if anyone did offer me a job. I receive state assistance because I am medically unable to work. I get $339 a month. I ... Read More »

            Is There a Student Bankruptcy Option? – Zen

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            “Dear Steve, I owe about 22K school loan, 7K in credit card, and a $230 phone bill. I only make roughly $1800/month . I don’t have car payments, I have rent which takes about half of what I make then the rest is for food, gas, and child support. The whole situation has gotten out of hand, and I’m so ... Read More »

              Is There Something I Can Do to Prepare For Not Paying My Bills? – Nancy

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              “Hi Steve, My husband and I owe about $50,000 in credit cards, loans, and vehicle debts. We moved back to USA about 4 years ago after living many years out of the country. We arrived with no money, and 3 kids in tow, so most of our debt was accumulated by just trying to provide the basic needs to our ... Read More »

                I Was in an Accident on a Military Base and Owe the Military Hospital $15,000. – Priscilla

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                Priscilla “Dear Steve, I’ve always workd ed but about 3 years ago I lost my job and been struggling financially. I’ve worked dead end jobs since then but can ‘t seem to get out of the rut I’m in. About 3 years ago I was involved in a accident (personal) I was taken to a hospital on a military base, ... Read More »

                  Sally Provides More Information. Follow-Up.

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                  “Dear Steve, Dear Steve, Thank-You for your last response. (See original question Are the S Corp and LLC Debts Debts Going to Cause Us to Lose Our Home? – Sally) I think I didn’t explain enough which led you to think I was or we were not being responsible. First off, my husband ran his business very successfully for almost ... Read More »

                    My Wife and I Are Thinking of Using No More Mortgage Program by Larry Ruff. – Thomas

                    “Dear Steve, My wife and I have been in credit counseling for awhile and seem to be making little progress. Recentlywe have been checking out NO MORE MORTAGE AND AFTER JUST TALKING TO THEM WE HAVE SECURED DEBT OF 175,000 AND UNSECURED DEBT OF 70,000,AND DESPERATELY NEED HELP AND ADVICE ON OUR NEXT MOVE. PLEASE GIVE US YOUR OPINION ON ... Read More »

                      Should I Wait to File Bankruptcy Until My Credit Score Reaches a Certain Point? – Jennifer

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                      “Dear Steve, I am considering filing for Chapter 7 bankruptcy. I have $20,000 in credit card debt from a business that I worked for, which went under without repaying any of the money they owed me. I don’t want to file for bankruptcy, but my monthly income is all taken up with basic necessities, and I have one of the ... Read More »

                        I Can’t Afford to Eat or Take My Medications. What Am I Going to Do? – Mickey

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                        Mickey “Dear Steve, I am 61yrs old, have been on disability since 1995. I am on Medicare, Part D plan but I was denied supplemental insurance because it took SS 2yrs to approve my disability and I was told I had to apply within 6 months of applying for disability. SS told me there was no plan in place to ... Read More »

                          I Want to Get My Credit Card Debt Deferred Until I Graduate And Then Pay It Off Slowly. – Alex

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                          “Dear Steve, Hi, so im a senior as an undergrad in california, i ran my credit card for 4,500 dollars and i also owe money to my organization 2,500 dollars. not including the two medical bills i have each for 100 dollars. I get paid 8 dollars an hour with a job i just started, and ive take 2 unpaid ... Read More »

                            I Racked Up Private and Government Student Loans. – Jessica

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                            “Dear Steve, I went to graduate school when I was 35 and racked up both govt and private loans. My private loans were okay around 350/month for the first two years, now they are $572/month. This is very hard for me to pay right now but it seems there is no solution or answer. I teach part time as an ... Read More »

                              I Bought a House in Michigan and Lost My Job. – Jason

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                              “Dear Steve, My wife and I bought a house in 2006 in Michigan. Shortly thereafter, the company I worked for began to fail, and I was forced to get a new job. For my new job, I took over a 70% pay cut. We used my 401k savings to make ends meet initially, sold our vehicles and replaced them with ... Read More »

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