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Ask The Get Out of Debt Experts

I Got Screwed Over By the Bankruptcy Trustee and Lost My House. – Gina

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Gina “Dear Steve, Several years ago, I filed for bankruptcy in order to save my home. I began making Plan Payments as instructed by the Bankruptcy Trustee. It was not until six months later when the Mortgage company filed for relief of stay that I learned the Mortgage company had not received my payments. After paying an attorney (who forgot ... Read More »

    My Credit Card Companies Refuse to Settle My Debt. – Peter

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    “Dear Steve, I owe about $50,000 in cc fees- I went two months behind on payments on purpose becasue they would not settle with me before that. I am offering them 35 on the dollar as a one time payment only if they settle- it’s all I have but I do have that. I am leaving the country FOR GOOD ... Read More »

      How Can I Join Your Kiva Team to Help Others? – Morgan

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      Morgan “Dear Steve, I’m interested in joining your Kiva team. Is there a minimum donation required? Morgan” The Answer   Dear Morgan, Kiva, for those that don’t know, is a non-profit group that assist small businesses around the world with small microloans, as little as $25. These loans are issued by local in-country lending partners who charge interest to the ... Read More »

        I Got Divorced And Can’t Afford to Live. – Rhauny

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        Rhauny “Dear Steve, I got divorced and now live on one income of 1600.00 monthly my car payment is $556.00 A MONTH and my rent is 550.00 leaving me roughly 500.00 to pay for childrens school lunches lights phone car insurance food etc. I am falling apart because of the car and I owe 35,000.00 for 84 months. I dont ... Read More »

          My Dad Took Out Cash Advances on My Credit Card And Took All of My Savings. – Heather

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          Heather “Dear Steve, I am a recent MBA grad who got into a lot of debt before and during school because I needed to help out my family. Due to my dad taking out cash advances on my credit cards and then my having to live off my credit cards during school because I had also given him all of ... Read More »

            My Part Time Computer Repair Business is Going Down the Tubes. – Eric

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            “Dear Steve, Part time business of computer repair / consultation. I work full time for a fortune 500 company. The part time business was formed as a LLC, can the LLC file chapter 7 or 11 and leave the personal stuff alone? Eric” The Answer   Dear Eric, It depends. The most important issue is going to be if you ... Read More »

              We Were Forced to Close Our S Corp Business. – Jean

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              Jean “Dear Steve, Greetings,and thank you for your time and efforts…My husband and my self were forced to close our business of twelve years,OCT 2008 we are sole owners and a S Corp. Two years previous we noticed a significant decline in the economic spending habits, this decline forced us to use all our equity line of credit in our ... Read More »

                How Do I Negotiate With Credit Card Companies to Lower My Balance and Stop Charging Me Interest? – Mark

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                “Dear Steve, I’m $20,000 in debt, trying to modify home loan, income shrinking, savings gone How do I negotiate with credit card companies to lower balance, stop charging interest? Mark” The Answer   Dear Mark, The first step is to call your credit card companies and see what they will offer you. If that gets you nowhere then I suggest ... Read More »

                  My Family and I Have Always Lived a Modest Lifestyle But We Are Dying From Medical Debt. – Paul

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                  “Dear Steve, My family and I have always lived a modest lifestyle. We built a modest home and only owe $75,000. We wait until a car is paid for before we ever think of buying something new. I can’t say that we have fallen into the norm of using credit cards to buy things we don’t have cash to purchase. ... Read More »

                    We Had to Charge Some of Our Daily Expenses to Get By. – Tracey

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                    “Dear Steve, My husband and I have over $65,000 in credit card debt. We have to charge some monthly payments, such as insurance, and all of our daily expenses so that we can pay all of our bills on time. This, of course, just makes the credit card bills continue to go up. Bankruptcy is not an option because I ... Read More »

                      Can I Legally Do Anything to Eliminate Some of My Crushing Student Loan Balance? – Mark

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                      “Dear Steve, I borrowed around fifteen thousand dollars at eight percent in federal student loans to help pay for college. Four thousand was unsubsidized. That was many years back. I have been working as a substitute teacher, but only earn barely enough to survive. Sometimes I don’t even get calls to work. I have state unemployment insurance that helps me ... Read More »

                        I’m in India and Drowning in Debt and Looking for Debt Consolidation. – Rao

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                        Rao “Dear Steve, I live in India. I am working in a good limited company. My monthly income is Rs.15000/- permonth. I have 6 Credit cards total dues around Rs.2 Lakhs and Bank Loans of Rs.2 Lakhs (Principal). I some how managed to pay all the monthly payments without default till March 09. From next month I am not in ... Read More »

                          What if I Just Stop Paying My Credit Cards in Texas. – Steve

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                          “Dear Steve, I currently have around $65K in credit card debt. Some of it is from paying of my auto loans, 13K, with balance transfers in order to lower monthly payments. The bulk of it was from 4-6 years ago, when My wife and I both had a 25% reduction in pay for over 2 years (thought it was going ... Read More »

                            I’ve Been Unemployed And Behind on My Discover Card. They Are Suing Me. – Liz

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                            Liz “Dear Steve, I have been unemployed due to downsizing since June 2008. I fell behind on my Discover card payments, and now they are suing me for $10,000 plus court costs and interest. I can’t make ends meet on my unemployment check, and even that is due to run out in May. I am receiving food stamps and will ... Read More »

                              I Am in Debt to American Express And Being Sued By AMEX. – Linda

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                              Linda “Dear Steve, I have been a customer for 13 years. In that time my payments were never late. Dec. 2007, I was late. A customer rep called me and I handled it right away. (Late payment was the result of an unexpected death in immediate family.) As a result the interest rate was raised to the maximum 29%. This ... Read More »

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