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Ask The Get Out of Debt Experts

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”   Dear Kathy, You picked the ... Read More »

                      I’m Thinking of Killing Myself Because of My Gambling and Debt. – Christie

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                      Christie “Dear Steve, I’m a 28 year old casual worker in melbourne australia, i owe debts to the value of 13 and a half thousand dollars, i owe this over 6 creditors like i said i only work casual so how am i supposed to pay someone off when the others are hounding me and payment plans arnt an option, ... Read More »

                        Please Review This Debt Rx USA Marketing Material for Me. – Jeannie

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                        Jeannie “Dear Steve, Debt RX USA sounded too good to be true, started researching reviews and found your site. any advice? am forwarding the letter I receuved from them after our phone call. am glad I did not sign up with them. Jeannie”   Dear Jeannie, First off, thank you so much for sharing the information you received from Debt ... Read More »

                          We Had a Contract for Deed / Land Sales Contract But the Owner Went Bankrupt. – Dawn

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                          Dawn “Dear Steve, We have a contract for deed on the property that we live in. We are the authorized users/contact with the mortgage company, Litton Loans, that our landlord has their mortgage with. We pay Litton directly for the mortgage and are current and have never been late. Our landlord recently filed Chapter 7 bankruptcy. We receieved a letter ... Read More »

                            Should I Just Tell My Creditors to Sue Me? – Heather

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                            Heather “Dear Steve, Basics: I just turned 40. I’ve been unemployed for about 9 of the last 18 months. Finally have a part time, minimum wage job. Looking for more work but can’t find anything yet. I owe around $12-15,000 in unsecured debt. I agreed to a program with Discover where they reduced my interest rate to 5.9% and automatically ... Read More »

                              Will Banks in Dubai, Hunt Me Down in Canada? – Kent

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                              Kent “Hi Steve, I left Dubai without paying my credit card bills with 2 int’l. banks. I am now here in Canada on a permanent resident status. Can they trace me here? I am worried that it might adversely affects my application for Citizenship should I apply after 3 to 4 years. I am really stressed now. Thanks, Kent”   ... Read More »

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