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Ask The Get Out of Debt Experts

We Consolidated Our Debt But Right Back in the Same Spot Again. – Melissa

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“Dear Steve, Two years ago we refinanced our house to pay off some debt and get rid of our ARM loan, but we were stupid and now are in the same position with credit card debt. Would it be smart to refinance to try to get a lower payment? I keep getting things in the mail saying “You can lower ... Read More »

    I’m a Single Mother With a Baby, a 17 Year Old Daughter and a Bad Debt. – Karen

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    “Dear Steve, Single parent with baby & 17 year old daughter at home no child support. judgment is for 1900.00 to a truck repair shop that I fought & lost. constantly in court & persued by them serving me to come to court. I take off from work & go then they are not on docket so we reset the ... Read More »

      Should I Sell My Toyota 4Runner and Buy a Beater to Pay Down My Debt? – Karen

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      Karen “Dear Steve, I have 4 visa/department store type credit cards with about $2500 in total debt plus a John Deere credit card with a $5000 balance that was 0% interest for one year ( I landscaped and intended to pay it off within the year but it didn’t happen). In one month the promotional period ends and over $1000 ... Read More »

        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”   Dear Ann, I think the issue you need to be leery about ... 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”   Dear Joe, I had the following questions that I’d like for you to answer before I can answer your question. Please post your ... 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 »

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