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Ask The Get Out of Debt Experts

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 »

        I’m Using My 401K to Get By And Have No Job. – Foster

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        Foster “Dear Steve, I lost my job in November and have cashed and used my 401k to get me through so far. It is now exhausted and I still have no job prospects. My wife works and I get unemployment, but we cannot make ends meet. I have had my credit card accounts closed for some time now ( I ... Read More »

          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”   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 people borrowing ... 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”   Dear Eric, It depends. The most important issue is going to be if you personally guaranteed ... 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”   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 you turn ... 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 »

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