Latest Posts
Home > Ask The Get Out of Debt Experts (page 348)

Ask The Get Out of Debt Experts

Should I Trade in My Half of Her 401K From the Divorce for a New Home Down Payment? – Ray

Ready to Collapse

“Dear Steve, Getting divorced after 25 years. I’m getting 1/2 of her 401k. Because of the home market we will be lucky to get what we owe on the home. I need a down payment for a new home can I cash out my 1/2 of her 401k to put down on a new house. I’m looking at a $25,000 ... Read More »

    I Went to Flight School But Now I Can’t Afford to Repay My $118,000 in Private Student Loans. – August

    Ready to Collapse

    “Dear Steve, This is a tough one. I am 35 years old, single home owner with a very nice low mortgage of $650 per month. I have some equity, but my credit is not good enough for a refinance to get money out. I went to flight school and accrued currently $113,000 in student loan debt. I also have about ... Read More »

      Do You Have an Email or Phone Number for David Sunlin From Bank of America? – Linda

      Ready to Collapse

      “Dear Steve, Do you have an e-mail or phone for David Sunlin, head of shortsales at B of A? I have located a prop in New Mexico that is going to foreclosure and the listing agent WON”T do a short sale package cause “it takes too long, you never get as response, it’s too late, etc” sunlin says he’ll help ... Read More »

        My Brother is in Jail in Dubai for Debts. – Jiv

        Ready to Collapse

        “Dear Steve, I have read a lot of of your advices from different problems. I am based in Dubai and my case is almost similar to those who have problems with the banks, but it’s not actually me but my brother. The situation is, he and his manager went to the banks to settle his loans, but banks told them ... Read More »

          My Child Has Own Business That Does Not Generate Money. – Mom

          Ready to Collapse

          “Dear Steve, Scenario: Child has own business (in name only really) which is partially paid off. Due to bad debts from people owing money said child has been unable to pay back bank loan for past 4-5 months. Child does not live at home but lives with girlfriend. Child has no assets except said business. At this stage there was ... Read More »

            Will I Be Responsible for My LLC Debt When it Folds? – Lisa

            Ready to Collapse

            “Dear Steve, I own an LLC in Phila, PA (I live in NJ). Can i be held personally responsible for any debt incurred by the LLC? Such as, we had a credt/cebit card machine that according to them (RBS World Lynx) was terminated early and they are billing for almost $800. The business is doing poorly. I am thinking of ... Read More »

              We Have a Lot of Debt But We Don’t Want to Go Bankrupt. – Heather

              Ready to Collapse

              “Dear Steve, Due to my husband losing his job and my being off work at times for medical reasons, we hve a lot of unsecured debt. We do not want bankruptcy. We have to refi our house next year so I don’t know what to do. we have about $50,000.00 in debt. Heather”   Dear Heather, Your options are limited ... Read More »

                My Second Husband Spent All of My Home Equity Line. – Nicole

                Ready to Collapse

                “Dear Steve, My second husband, not the father of my children, has managed to spend $150,000 of the home equity line of credit (all of it). He says he gave the last $24,000 to his aunt for ‘safekeeping’ because the banks were going to reduce the amount of equity people have available. $8,000 was for my car and I’ll be ... Read More »

                  I’m a Female in My Late 20s and My Credit is Horrible. – Tayumika

                  Ready to Collapse

                  “Dear Steve, Hello, I am a female in my late 20’s and my credit is horrible. However, I have been focusing on cancelling my credit card debts and paying down my school loans. My goal is to purchase my first home in about 3 to 5 years. I’m also interested in investing but don’t know much about it. My question ... Read More »

                    It’s Really Hard for Me to Ask for Debt Advice But I Live in Fear of My Debt. – Afraid

                    Ready to Collapse

                    “Dear Steve, Hello. This is so hard for me to do. I am 32 years old and have lived in fear of my debt for 5 years now. It controls my life. I have told no one about the amount of debt I have incurred. My boyfriend recently proposed to me and I want with all of my heart to ... Read More »

                      I’m Unemployed and Can’t Pay My Bills. – Tim

                      Ready to Collapse

                      “Dear Steve, I am unemployed,but i have some savings! I have 3 credit cards that total $14,000 and a car loan that I owe $6,000 on. what do you think i should do? they are all over two years delinquent! Tim”   Dear Tim, You have two choices, you can either wait till you start making money and then try ... Read More »

                        My Bankruptcy Case Has Been Filed and I’m Scared. – Traci

                        Ready to Collapse

                        “Dear Steve, My bankruptcy case has been filed and I will be going to the meeting the the trustees in a couple of weeks. I did alot of cash advances and alot of withdraws out of my account. I am afraid they will think I am being fraudulent and not discharge anything. I am very scared! What is going to ... Read More »

                          We Signed Up With a Debt Settlement Company. They Take Our Money But We Can’t Reach Them. – Karin

                          Ready to Collapse

                          “Dear Steve, We have signed up with Allego law in Huntington, NY. 12/15/08. With the exception of talking to them when signing up we have not had any correspondence wtih them. We have tried writting the via mail, sometimes our emails are getting kicked back, creditors still call, the sherriff still shows up. Allegro told us as long as we ... Read More »

                            I’m Currently in Balance Liquidation Program With Chase and Take Charge America Plan. – Justin

                            Ready to Collapse

                            “Dear Steve, Currently enrolled in two debt program. Take charge America plan: I pay 292 a month and have done so for about 15 months. This programs pays down a cap1; discover; home-depot cards. I now owe a total of $3423 and that should be done in about 11 months. I am also in the “Balance Liquidation program” from Chase. ... Read More »

                              85% of Debt Settlement Companies May Be Closing Soon and Taking Your Money With Them

                              Ready to Collapse

                              There is no doubt that the workshops and hearings by the Federal Trade Commission (FTC) are going to result in changes that will significantly impact the debt settlement industry. The FTC has been carefully looking into the industry and is disgusted with the actions of many companies. These would be the companies that charge large up-front fees to consumers, collect ... 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.