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Ask The Get Out of Debt Experts

Should I Ignore My Old Debt and Let it Fall Off My Credit Report? – Adriana

money

“Dear Steve, I have three old collections…1st one is 3yrs old, 2nd is 4yrs old and 3rd is 5yrs old…Should I try and pay them off??? I am trying to clean my credit but not sure if to the them if they are under 3yrs or 4yrs and the older ones wait to fall off? Which old collections should I ... Read More »

    Should I Keep Investing in My IRA or Pay Off My Home?

    retirement

    “Dear Steve, Bought a home a year ago after finishing paying off students loans (am currently 27). I started contributing to a Roth about 6 months before I purchased the home and am now wondering if I should continue to max out the Roth or pay off the house faster? M” The Answer Dear M, I think the math gives ... Read More »

      Is it True I Can Eliminate My Student Loans in Bankruptcy if I Just Stop Paying Them?

      student loan default

      “Dear Steve, I currently have 58,000 in private loans and 98,000.00 in federal loans and I currently have no clue what to do. My private loan provider (the wonderful sallie mae)….wants 600.00 a month, and the federal goverment wants 450.00 a month. I am a teacher and these payments are just not possible….some people told me that if I let ... Read More »

        I Just Made Payment Arrangements on an Old Defaulted Student Loan. Did I Do the Right Thing?

        Magnifying Glass - Q&A

        “Dear Steve, i recieved a letter from my defaulted student loan fron fall 99 and spring 00. the letter styated that they were going to start taking .15 of my pay after taxes. they were okay until 2005. another thing that is odd is that i checked with my payroll dept and they have no garnishments issues (was supoposed to ... Read More »

          I Was on SSI When I Took Out Debt and I Just Got Sued for It. – June

          puzzle

          “Dear Steve, I have credit card debt, student loan debt, and other personal debt. I just started working full time in August 2011 with an pay increase in April 2012 and I have a credit card company taking me to court already. Trial date is June 13, 2013. I also still recieve SSI disibility and I got in debt when ... Read More »

            I Was Scammed by the University of the Rockies. – Yolanda

            College Tuition Expenses

            “Dear Steve, Iam one of those scammed students who attended University of the Rockies at this time I am not sure who turn to next I reported this to the attorney general who referred me to the BBB. Who recieved the notice of my concerned with a removal and then a change to retest and take the comps test only ... Read More »

              Do I Have to Worry About My Debt? I’m Judgment Proof. – Salvatore

              debt

              “Dear Steve, Hi Steve, I am up to my neck in credit card bills about $58,000. I have talked to a few of my friends about my situation I only have monthly Social Security and a small Federal Retirement check. Creditors and Collection companies are starting to Call I heard that my Federal Checks are Income protected against any Garnishment ... Read More »

                I Want to Make Money Fast by Buying Discharged Debt and Tax Liens. – Mc C

                crime scene

                “Dear Steve, I just got out of debt by a thrid party company purchasing my debt. So of course….now, I want to buy a debt package that can yield about $25k for $350 bucks. Steve??? Is it even worth it? I’m fearful about buying debt with BK attached, especially Chap#7. It’s either buy debt or buy tax lien certificates? Which ... Read More »

                  Is Century Negotiations a Reliable Company? – Bonnie

                  OLYMPUS DIGITAL CAMERA

                  “Dear Steve, I have settled one credit card and need your advice. I need to know if Century Negotiations is a reliable company to with to get out of debt. They have settled one credit card. I have 2 more to settle. I am thinking of getting a bank loan to pay off CNI. I have also inquired with BBB. ... Read More »

                    Can I Get a New Credit Card While in My Chapter 13 Bankruptcy. – Rich

                    Woman Whispers a Secret

                    “Dear Steve, I am paying regularly on a Chap 13 plan and I’m about 2 years in out of 5. I have always been on time with this payment, my mortgages and cars. I have no other outstanding debts. I did accept a very low limit credit card just to use and then pay off every month. How do you ... Read More »

                      How Can I Get the Credit Union to Lower Our Payments? – Krystyna

                      stressed-woman

                      “Dear Steve, My husband is the only bread winner in a family. We are both older and we have 3 young teenagers. I am 54 and he is 59. Our son is a junior in High school and our twin girls are 14 and still in middle school. We have about 22 thousand in credit card dead with credit union ... Read More »

                        Can I Eliminate My Sallie Mae and Citibank Student Loans With Bankruptcy? – Kassandra

                        money down the drain

                        “Dear Steve, Situation * I have a Sallie Student Loan for 58577.75 and a Citibank Student Loan for 30960.30. I am a 26 year old female and my income doesn’t even cover my living cost. I live at home with my parents, still. My monthly payments are 622.68 and 297.20, respectively. That’s 919.88 per month. With both loans being deferred ... Read More »

                          Is Star Loan Services Legit or a Scam?

                          It's all very odd.

                          “Dear Steve, I’ve got more money going out then I have coming in. I am behind on several credit card accounts and I can no longer afford to pay everything due. I can’t get a consolidation loan because I have to high debt to income ratio. I have thought about filing bankruptcy but there are certain things I wouldn’t want ... Read More »

                            Should I Cancel With Persels & Associates? I Could Just Cry. – Ruth

                            hug

                            “Dear Steve, Husband and I have been in credit card debt for several years. We are in our mid 30s, have a 15 yr. mortgage, and 10k tax debt. I feel covered up. I don’t want to have a child because of all the debt. I want to see the light at the end of this dark tunnel. We joined ... Read More »

                              I’m Losing Sleep Over Debt Collector Threats. – David

                              don't give up

                              “Dear Steve, On April 10,2013 My wife got a call from someone with a forgin accent who told her that they have criminal papers with my name on them breach of contract/fraud for a payday loan that I supposed to have taken out sometime in 2008, I have not got any paper work on this I don’t know where the ... Read More »

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