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Ask The Get Out of Debt Experts

A Law Firm Says They Can Protect Me When I Settle My Debt. – Sherrie

Woman Whispers a Secret

“Dear Steve, I received settlement offers from my creditors. How do I ensure that they do not sell my account to another party for collections after receiving the settlement? I was told by a debt counselor working with a local law firm that I could settle my accounts on my own, but creditors have been known to then sell the ... Read More »

    Can the Original Creditor and Debt Collector Report the Same Account Twice on My Credit Report? – John


    “Dear Steve, Can the original debt grantor continue to report your debt to credit bureau’s after they have turned the debt over to a collection law firm. They show one balance the debt grantor and the collection company shows a larger balance. John” Dear John, There are a number of issues here. The first is if the collection company is ... Read More »

      Would My Bankruptcy Have Any Impact on My Medicare or Medigap Insurance? – Lee

      Medicare Card

      “Dear Steve, I have medicare & medicare gap coverage. Have filed for bankruptcy & discharged. If I were to mention to them I had filed, (just in case). Would that have an impact on my gap premium. In other words, how do they look at it. That you’re debt free & have extra money or otherwise. Because if I were ... Read More »

        Can My UK Debt Follow Me Back to the U.S. and Hurt My Credit? – Kelly


        “Dear Steve, I was living in the UK for 6 years and have a loan there with HSBC for approx 3000 gbp. I am now living back in the US and have no plans to ever live in the UK again. Can this debt follow me to the US and affect my US credit rating? Kelly” Dear Kelly, Even though ... Read More »

          My Son Put My Name on His Law School Student Loans Without Telling Me. – Mark

          ID Theft or Stolen Identity

          “Dear Steve, My son co-signed my name on his student loans for law school. I did not know that he signed my name on the student loans. In March of 2013, I started receiving calls from a collection agency asking if I could make a payment on these loans. I was never notified before this that I was co-signed on ... Read More »

            How Can We Go About Selling Our Timeshare Without Getting Scammed? – Lisa

            money down the drain

            “Hello again Steve. I have another question. My husband and I own a timeshare with Shell Vacation Club. It was paid off in January of this year. The monthly maintenance fees are $74. We don’t use the timeshare that much and we are considering selling the timeshare. I’ve heard its very difficult to sell timeshares and that there are a ... Read More »

              In Our Divorce My Ex-Husband Was to Pay Half of My Credit Card Bills But He’s Filing for Bankruptcy. – Becky


              “Dear Steve, Credit cards that are in my name only. My ex husband was ordered to pay half of my credit card bills… they are all in my name only… he did not pay so I took him back to court and they held him contempt and ordered him to pay a certainty amount each month until they are paid. ... Read More »

                Should We Consolidate Our Mortgage and HELOC With American Bank Mortgage Company? – Lisa

                In God We Trust

                “Dear Steve, I have a first mortgage with Chase bank it is -$84,000. I also have a heloc with Chase bank it is $114,000. The heloc is interest only. The interest rate on my first mortgage is 4.5% fixed for 12 years. The heloc interest rate is 2.4%. I pay a total of $924 per month on these two loans. ... Read More »

                  Is Motor Club of America MCA a Scam or Not? Should I Join? – Colin


                  “Dear Steve, I am trying to make income online unsure about opportunity if they are legit. So is MCA a scam? you wrote an article saying it was but then it appears other people backed up information to prove it was legit so what is the verdict? and do you know anything about ultimate cycler? I have people who have ... Read More »

                    Is NuVision Relief Center a Legitimate Company?

                    puzzled looking little boy looking to the left

                    “Dear Steve, Is NuVision Relief Center a scam or is it a legitimate company to work with for a loan modification?” Whenever I get questions like this they always make me wonder what each persons definition of a legitimate company are. When it comes to getting mortgage modification help I always think it is a smart move to first contact ... Read More »

                      Was Going to File Bankruptcy But My Father Died Leaving Me Some Money. – Brenda

                      Decision time

                      “Dear Steve, I have 4 credit cards totaling $29,000. Need more reasonable payments and lower interest rate. I recently had to take a pay cut and had surgery with 6 wks unpaid and I am now between 60 and 90 days late. I had a lawyer and was going to apply for bankruptcy but now my father has passed and ... Read More »

                        I Want to Sue World Law Group for Doing Nothing but Getting Me Sued by Discover. – Sherrie

                        angry woman

                        “Dear Steve, I was contacted by World Law Group 10 months ago when I was struggling to make payments on my credit cards as I was returning to school to obtain my masters Degree as a Family Nurse Practitioner. I was told that due to the reason for my pay being cut that i qualified for this offer due to ... Read More »

                          Filed Bankruptcy to Avoid Eviction. Can I Get it Off My Credit Report? – Shawnale


                          “Dear Steve, I followed expensive advice from attorney that I could stay and fight a no-reason eviction from an apartment I paid rent on time 2 years. I had grown attached and did a lot of maintenance there and was lead to believe I could stall moving out for months. I filed three months straight, allowing dismissal because I don’t ... Read More »

                            I Need Immediate Help With My Wells Fargo Private Student Loan. – Jenny


                            “Dear Steve, I need help IMMEDIATELY PLEASE! My mother had no knowledge of how to apply for a Wells Fargo loan and when they asked who the loan was for, she put my name, which somehow made me a cosigner. After I graduated they paid on this loan until they had to file for bankruptcy…for reasons not their doing… and ... Read More »

                              The Primary Card Holder Died and We Kept Using the Card as Authorized Users. – Craig


                              “Dear Steve, My wife’s mother died in 2006. My wife is an authorized user on one of her mother’s credit cards. We did not notify the credit card company of my wife’s mother’s death in 2006. We simply assumed the debt on the card, took over making payments on the card as agreed, and have even used the card on ... Read More »

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