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Ask The Get Out of Debt Experts

I Panicked and Called a Debt Reduction Company. I’m Afraid I’ve Walked Into a Scam. – Megan

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Megan “Dear Steve, My husband and I currently have around 10-12,000 in credit card debt and medical bills. About 2 years ago, after our 2nd child was born we became unable to make the minimum payments on the credit cards (about 10 different credit cards) and we have also been unable to pay the medical bills from our son’s birth ... Read More »

    I am Disabled and Worried About Paying My Credit Debt. – Patricia

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    Patricia “Dear Steve, I am disabled and worried about paying my credit debt. I’m raising my 8yr.old granddaughter and only get 1,000 a month. My aunt died and is unable to pay funral bill and credit cards that I trusted family to pay and they did not what should I do im losing hope? My aunt died and lived with ... Read More »

      We Are Moving to Mexico for a Job. – Mellisa

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      Mellisa “Dear Steve, My husband is on unemployment in NJ. We are moving to Mexico Playa Del Carmen for a job opportunity for me and hopefully a better life. Can he still collect unenployment while trying to establish his business in Mexico? Mellisa”   Dear Mellisa, I’m jealous of your move to Playa del Carmen in Mexico. I’ve had some ... Read More »

        We’ve Gone From Doing Well to Barely Getting By. – Michelle

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        Michelle “Dear Steve, For several years, my husband was doing very well for himself as a contractor and I have had a very stable government job. We began building a life for ourselves…bought a house, two “new” used cars, established some savings, and did not worry about money. As the economy slumped, so did my husband’s business, and he went ... Read More »

          How Can I Cut My Debt in Half. – Jean

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          Jean “Dear Steve, I recently moved all my credit card debt to one Credit Card. I canceled card and have a interest rate at 6% with a total of 23000,00 credit card debt. My monthly payments are 500.00 for how ever long. Im current on my payments but with my hours cut back at work Im starting to fall behind. ... Read More »

            My Debt is Affecting My Everyday Life and Relationships. – Enrico

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            Enrico “Dear Steve, I have $85,000 in credit card debt and $40,000 in student loans. I have $7000 in the stock market $3000 in savings and $11000 in my 401k. I am a PhD scientist and make ~$100,000/yr. My debt is primarily from credit cards during 6 months of unemployment between PhD and first job. Also, the credit cards were ... Read More »

              I’m Looking For Debt Relief Solutions. – Kathy

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              Kathy “Dear Steve, We have credit card debt and an unsecured loan, they total $25,000. I looked at several debt relief places including a law office. I want to partially retire in 2 years because I have a disability and it is very hard for me to work full time. My husband was out of work for 18 months and ... Read More »

                73 Year Old Retired Teaching Assistant Drives Credit Cards up to $18,000. – Camille

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                Camille “Dear Steve, I have a 73 year old friend who, unbeknownst to her son, has driven two credit cards to their limit, approximately $18,000.00 in all. She is a retired teacher assistant and has little to no money left each month after paying the minimums for each card plus her health insurance. She is unable to purchase medicine, go ... Read More »

                  We Want to Sell Our House, Pay Off Our Debt and Start Over. – Julie

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                  Julie “Dear Steve, In 2004, we bought our house for $916,000, put about $50,000 of improvements into it (e.g. finished basement, paved driveway, landscaping). In the last five years we have added a new baby to the mix and racked up $40,000 in credit card bills. Our current plan of attack is to sell the house for $789,000 (what it ... Read More »

                    I Have $150,000 in Credit Card Debt and a Million Dollar Mortgage. – Mingus

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                    Mingus “Dear Steve, So far I’ve been able to pay credit card bills (total balances over $150k) , my mortgage ($1 million jumbo) and home equity line on time and my credit score is still above 700. All accounts have good interest rates, even the credit cards have none above 7.9%. I no longer have the cash resources to make ... Read More »

                      Business Credit Card Debt is Not on My Credit Report. – Galina

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                      Galina “Dear Steve, I’m current on my bills and so far have the job. I have most of my credit card debt on business account ( still don’t know how I’ve got them). They are not on any my credit reports( I’ve checked it) The worst scenario I loose the job and can’t pay the debt if it would be ... Read More »

                        I’m Divorcing My Deadbeat Husband and He Wants Me to Pay His Student Loans. – Janet

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                        “Dear Steve, I am going through a divorce, and am drowning in debt. My “husband” was unemployed for 6 years, which caused me to borrow money to help the family survive. He graduted from school last year, and is currently unemployed and has decided (told me so) that I must be the one to pay for his Sallie Mae school ... Read More »

                          Borderline Abused Ohio State Student Ready to Start Digging Out of Debt. – Debbie

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                          “Dear Steve, I am a student at Ohio State, and I have about a year left to go in school. I am pretty detached from my parents, who were both unfit and borderline abusive as I was growing up. I left home at sixteen to make my own way, and since then I have not seen a dime from my ... Read More »

                            I Put a Business in My Name for my Dad and Now it is Bankrupt. – Sarah

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                            “Dear Steve, I put a buisness in my name for my dad trusting it would do well and trusting my dad, now we are going bankrupt and its all in my name, we havent yet declared bankrupcy but the business is closed and the goods have been sold of but we still owe money to the bank and suppliers but ... Read More »

                              I’m Unemployed, Homeless, Pregnant, and Just Lost My Car. – Jannie

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                              Jannie “Dear Steve, I’m pregnant and unemployed, I have about $13,800 in debt and I’m about to have no place to stay, I’m receiving unemployment right now, and my car just got taken away from me. Is there anyway that you or anybody else could help me? Jannie”   Dear Janie, Sadly, this is not the first or even the ... Read More »

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