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Ask The Get Out of Debt Experts

I Had a Chase Credit Protection Plan But They Didn’t Cover Me. – Jaimie

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Jaimie “Dear Steve, I have been a Chase customer for 3 or 4 years now. I started with the 0% introduction APR, and then went to 12%. My limit is $5800, and I put my tuition on the card so I have a balance of $5,000. I have ALWAYS paid on time, and most of the time pay up to ... Read More »

    Should the Business Owners Get Involved With Debt Settlement? – Paul

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    “Dear Steve, I’ve been a business owner for 20 years and along with my partner, we’ve managed to make a pretty decent living in the construction supply and service industry. Years ago, when we started our company, we established credit lines and credit card accounts in our personal names to help fund projects and equipment that are required for daily ... Read More »

      I Did a Really Stupid Thing With My Credit. – BG

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      BG “Dear Steve, First – let me open by saying that I did a very stupid thing that I will never repeat. I’m looking for the best way out without killing my otherwise good credit rating. Here’s my situation. I have worked for an employer for 10 years. During the last 3 years he personally hit hard times and could ... Read More »

        Would It Be Better To Use a Home Equity Loan to Pay Off Credit Cards or Go Bankrupt? – Carolyn

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        “Dear Steve, With only $30,000 left on current equity loan and $29,000 in credit card debt – what would be better – cash out with new equity loan (which I can do) or file for bankruptcy? With bankruptcy – I’m afraid that a I would not be able to help my disabled daughter and end up worse off if my ... Read More »

          I Found You Through Mary Hunt and Debt Proof Living. – Shelly

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          Shelly “Dear Steve, Thank you so much for this website and helping people like myself get out of debt. I was inspired by Mary Hunt and joined as a member on her website debtproofliving to work my way out of debt. I have over 36k of credit card debt and I am using Mary’s system to pay on this debt ... Read More »

            I Am So Stressed Over My Debt I Can Hardly Breathe. – Doug

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            Doug “Dear Steve, i lost my job in January 09 where i was making about 67K/year. at that time, i was pretty much just surviving financially, i had gotten divorce a year earlier and was having trouble adjusting to new expenses (W4 withholdings killed me). i was out of work for 4 months collecting unemployemnt and went through my savings. ... Read More »

              Should I Drain My 401(k) to Buy a Second House? – Armando

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              Armando “Dear Steve, I am currently 38 years old, and married to a 24 year old. Between us we have about $25,000 in debt. My 401k is currently valued at $51,889, mind you I have been puting almost $600 in a period just to keep it at this level as most of it goes keeps going away do to stock ... Read More »

                I’m $211,000 in Student Loan Debt to Become a Lawyer. I Don’t Want to Be an Attorney Anymore. – Jacob

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                Jacob “Dear Steve, I’m a 26 year old male who is a third year law student. I have a significant amount of debt. I have 26K in personal unsecured debt, and $211K in student loan debt. The student loan debt was amassed from attending a private university for five years and three years of law school. While in undergrad, I ... Read More »

                  Recently Married But Brought My Sexually Transmitted Debt Into the Relationship. – Jeff

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                  “Dear Steve, Over the past few years I have incurred about $20,000 in credit card debt. I am not at the point where I have missed any payments, so I haven’t been harassed by creditors. But the reality is that I barely get by now month to month and if some emergency came up where I needed funds, I don’t ... Read More »

                    I Had to Flee the UK. Will I Be Arrested For Debts When I Fly Back In? – Ann

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                    “Dear Steve, I had to flee the uk for me and my kids safety , i had lots of debts and credit cards . now im in another country , im scared , my mother is severly ill and i need to try and get back to the UK , i havent paid any of my debt from last august ... Read More »

                      We Went to a Bankruptcy Attorney And Was Told Bankruptcy Was Not a Good Thing. – Barcia

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                      Barcia “Dear Steve, Do to lower salary can only pay mortgage or credit cards of 100k. Went to bankrupcty attorney and he said we do not qualify for chap7 and chap 13 was not a good thing. Told us to stop paying credit cards and only mortgage. We have done that but are afraid credit cards will come and sue ... Read More »

                        I Used Credit Cards to Get By While in College. Now They Want Me to Pay. – Tracy

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                        Tracy “Dear Steve, I have recently completed my degree, but cannot find a job in my field. I am working for $9.00 an hour. I unwisely charged $16,000.00 on a credit card-misc. expenses while I was completing my degree. Now I am struggling to pay the minimum, and I have made some late payments-causing the interest rate to skyrocket to ... Read More »

                          American Express Cancelled My Card With Them Because My Mom Defaulted on Hers After 32 Years. – Carl

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                          Carl “Dear Steve, I earn 85K clear of tax per year, I have a total of 95K in unsecured credit card debt, I am single and cover the expenses of my mother with a disabilty and she lives with me. My mother had an American Express charge card for 32 years, she made a few late payments recently so Amex ... Read More »

                            I’m a Filipino in Dubai and Scared I Will Have to Leave the Country to Avoid Jail. – Hope

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                            Hope “Hi Steve, I’m a filipino currently employed here in Dubai. going for 2 years. I have some personal loans & credit cards here in Dubai. Before, everything is fine because overtime is open in our dept. which makes my earnings more adequate to my expenses & i still can manage all my financial obligations. Then the economic crisis affects ... Read More »

                              I Own a Home But Can’t Seem to Refinance it to Take Cash Out. – Kathy

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                              Kathy “Dear Steve, I own a home and i am at 80% so finding it hard to refinance my home with my current debt. I owe 24,000.00 in debt and dont want to file banckrupcy. i need help and cannot afford to pay for a service and dont know who i can trust Kathy” The Answer   Dear Kathy, You ... Read More »

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