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Ask The Get Out of Debt Experts

I’m Always Broke. What Can I Do? – Blanca

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Blanca “Dear Steve, Can you give me more or less guidence on what I need to do. I take home about $1,900.00 single parent and Im in debt about $11,000.00 I make more then the min payments but I’m always broke currently I just fill overwhelmed with not being able to have money. Do you think bankruptcy is one of ... Read More »

    Where Do I Find Income While Recovering From Breast Cancer? – Bonnie

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    “Dear Steve, I am a single girl diagnosed with breast cancer this summer. I live paycheck to paycheck. I have not worked for 4 weeks due to surgery and am about to start chemo in a couple weeks and I’m not sure when I will be able to return to work. I’m using all my sick and vaction time which ... Read More »

      I Got a Gift of $9K. What Should I Do With It? – George

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      “Hi Steve, Heres my question-I recently received a $9K gift. It just so happens I am doing some home repairs immediately that will equal about $9 or $10K. These must be done. I need a new roof right away which is about $5K and the other necessary repairs will be another $5K. I can use that gift to pay for ... Read More »

        My Husband Was Laid Off and I Was Referred to Money Management International For Help But I’m Leery. – Ann

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        “Dear Steve, My Husband was laid off about a month ago and the only income in the house now is about $250 a week unemployment. I am about $25,000 in credit card debt and was referred to Money Management International. I’m leary!! What should we do? Ann” The Answer   Dear Ann, I think the issue you need to be ... Read More »

          My Husband Spends More Money Than He Makes. – Laura

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          “Dear Steve, I have been reading several of your answers to questions regarding debt by one spouse and the underlying issues in the relationship. In several cases you mention the questionable character of the spouse who isn’t willing to offer assistance to the other who has accrued debt and is unable to pay. With that preface let me also say ... Read More »

            We Make Good Money But We Are Drowning in Debt. – Joe

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            “Dear Steve, My wife and I have always been in debt. We currently have about $90k in unsecured debt, a $256k mortgage, and $30k in car payments. We earn about $150k per year between the both of us. We have two small children. We are literally drowning right now. We both have very limited part-time jobs don’t bring in much ... Read More »

              What Can a Family Do to Get Help With the Mortgage and Credit Card Debt? – Joe

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              “Dear Steve, I got laid off from work and scared of losing everything. What can me and my family do to help with the mortgage and the credit card dept so we don’t lose everything? Joe” The Answer   Dear Joe, I had the following questions that I’d like for you to answer before I can answer your question. Please ... Read More »

                I Am Physically Sick Over My Debt. – Lynn

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                “Dear Steve, severly in debt around 50000 not including mortage. Behind on all but mortgage. Talked to lawyer,says I won’t lose the house but I am having a hard time believing it. I don;t live in it, my parents do. they help pay what they can, its not a rental. Can;t find any alternative, was even considering quitting my job ... Read More »

                  What Can I Do to Get My Husbands Credit Score to Go Up Instead of Down? – Aubrie

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                  Aubrie “Dear Steve, My husband and I are trying to refinance our home. In order to be approved we need a credit score of 620. My husband had a few medical collections on his credit report, so I payed them off. His score went from 609 to 575. Why would paying off old collections cause my husband’s score not only ... Read More »

                    I Am Now Living in Qatar but Creditors From Abu Dhabi Are Threatening to Have Me Arrested for Debts. – Boston

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                    Boston “Dear Steve, Good morning Sir, I was terminated from my job in Abu Dhabi in May 2008 have have left credit cards and loan balances. I sent an email and fax message to all credit card and bank company that I will repay them as soon as I get a job. I recently got a job here in Qatar ... Read More »

                      I Signed Up With a Debt Settlement Company But I’m Afraid to Quit. – Frank

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                      Frank “Hello Steve, I have about 27K in credit card debt, 6 cards total. I am late on most of them, but they haven’t been charged off. One card though recently was removed from my profile where I can no longer make payments on the bank website. I make enough to participate in a DMP, but recently signed up for ... Read More »

                        My Son Has Chron’s Disease And is Struggling With Debt. – DD

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                        DD “Hi Steve, My son and his wife are having alot of probelms. My son, can’t work for awhile do to his health, He has Crohn’s diesease and a seizure disorder. They do have a condo, which is an interest only deal…My question is, they have $5000 on credit cards, and they plan to pay it with savings. He will ... Read More »

                          I Have a HELOC Loan Against My Brothers House. I Can’t Make Payments. – Junior

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                          “Hi Steve, Last year I started the process to buy a house with my domestic partner but 4 days before the closing in nov. 2008 I lost my second job since then I been trying to find a second job (part-time/full time) without look, since then I have add about $20,000 in debt. but I also have a HELO for ... Read More »

                            We Are Thinking of Cashing Out Our 401K to Pay Off Some Debt. – Mary

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                            “Dear Steve, We are a couple in our late 50’s. Our problem, we bought a house two years ago, payments $1700. we have $15000 in CC debt all in collections, we had a cut in income….we bring home $3100 a month. We have exhausted all savings, we cannot pay insurance, expenses, cc, etc. in full. We do not save any ... Read More »

                              Should I Use All of My Savings to Pay Off My Credit Card? – Hal

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                              Hal “Dear Steve, I have an outstanding credit card balance of $ 8,288.76 at 18.99% APR. We are paying roughly $500 a month, which is about 300 over the minimum. However, the finance charges costs about $138, seems to me to be a losing battle. I have 13K in a savings account that is making just over 1.3% interest. Just ... Read More »

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