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Ask The Get Out of Debt Experts

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 »

    What is a SCN and Can I Really Legally Use it to Get New Credit? – Denise

    terrifying man

    “Dear Steve, Received an email from someone telling me that they can help me establish new credit using SCN. What is a SCN? They said it was legal and I am wondering why I have not heard of it before. Why can these people get one and I can not if they are legal? Why do I have to pay ... Read More »

      Is Student Loan Relief a Legitimate Company to Help Me With My Student Loans? – Andrew

      hiding narrow

      “Dear Steve, My wife has defaulted on a student loan (federal). We just received a first call from a collection agency. (Performant Recovery Inc.) They stated we have 48 hours to supply them with all bank statements for 2012 and fill out a very personal form. We are not making enough money to pay this off. We have two children ... Read More »

        Why Did Sallie Mae Stop Garnishing My Wages? – Misty

        gears

        “Dear Steve, I owe Sallie Mae around $35,000 in loans. They sent a garnishment letter to my employer for around $5,000. After garnishing my wages for almost two years and taking a full tax refund and most of the next year’s refund, they got the amount they were wanting. The garnishment is no longer being taken out of my check. ... Read More »

          I’ve Heard I Can Discharge My Private Student Loans in Bankruptcy. Is That Rue? – Jennifer

          calculator

          “Dear Steve, I have about $13,000 in credit card debt (minimum payments of $150 total), $17,000 left of my car loan (which I’m current on my monthly pmts – $465/month), and a total of $180,000 in student loans, of which $72,000 is federal (which I’m currently on Income Based Plan of $30/month – they at least work with you) and ... Read More »

            I’m Only Going to Live on Cash and I Don’t Care About My Credit Score. – Lee

            Debt is a scrape, not a mortal wound.

            “Dear Steve, If I had the money to settle ,then why would I not just pay the debt? Seems to me it would have a two fold effect 1 would not have to deal with those damn phone calls. 2 would not need to worry about credit score. I don’t worry about anyway, cause I do not plan on buying ... Read More »

              How Can Debt Validation of America Just Steal My Money? – Shelia

              Big Bad Burglar

              “Dear Steve, I started with My Choice Debt Management in 2009, that turned into Debt Validation of America shortly thereafter and later it hired THE FIRM PLLC to do their legal work after they realized they were not operating legally. I paid $1471/month in to an escrow account for 2 years for a total of $35,325 total (of course a ... Read More »

                Comcast Claims We Didn’t Return a Cable Box Six Years Ago. Now What? – Sheryl

                pain

                “Dear Steve, I was a comcast customer Years ago. I returned all of my gear and i just received a bill for almost $1100. They are saying that I did not turn in my gear. Remote Control and Cable Box. It has been almost 6 years since I canceled my service with them. This is crazy. It is going to ... Read More »

                  My No Good Ex-Husband is in Jail But Forged My Name to Loans. – Amber

                  mans hands behind bars in jail or prison

                  “Dear Steve, My husband and I recently divorced, and I was able to keep the house. While we were married, we got a joint credit card, and also shared a bank account. I was eager to build good credit since I had filed bankruptcy just a couple years before. Unfortunately, my ex-husband had severe substance abuse problems he was able ... Read More »

                    Would it Make Sense to Try and Negotiate With Wells Fargo on My Home Equity Line of Credit? – Jessy

                    footstep

                    “Dear Steve, I have a newly refinanced mortgage of $330,300.00 at 4.125%; It was previously with GMAC and now with a company I’ve never heard of before – OCWEN (for about a month it was with Green Tree – I guess both OCWEN and Green Tree took over from bankrupted GMAC). I have a second Mortgage – Home Line of ... Read More »

                      Should I Stop My Payments if I’m Going to File Chapter 7 Bankruptcy? – Mandy

                      Gratuitous use of a cute dog running picture.

                      “Dear Steve, I’m over 19,000 in debt and am considering on chapter 7 bankruptcy…. I’d like to know can I stop all payments and if so, will I lose my car, which I need? And will I have to pay an attorney up front? Mandy” The Answer Dear Mandy, You should not do anything without first meeting with a local ... Read More »

                        Getting Ready to Buy a House and an Old Debt Has Resurfaced. – Sara

                        "Credit rating" handwritten with white chalk on a blackboard

                        “Dear Steve, I have recently cleaned up my credit report as I’m getting ready to buy a house. I was contacted by a third party collection agency to pay an old written-off debt to a bank from 2005. I live in WA state. Isn’t the statute of limitations up on this debt? Do I still have to pay? Do I ... Read More »

                          My Bipolar Boyfriend Killed Himself But Ran Up My Debt Before. – Bonnie

                          Isolated wings

                          “Dear Steve, My boyfriend was living with me and about 1 week before it was to be our one year, he committed suicide. He survived for two years in a vegative state. He passed away 2 years ago and I am stuck paying his debt that he racked up on my credit card, by buying tools and then pawning them ... Read More »

                            Good Shepherd Debt Relief is Taking Our Money But Won’t Help. – Tim

                            oops

                            “Dear Steve, We have been sending money to Good Shepherd for a few years now and they have actually helped us clear two of our debts. But we two more and I cannot get anyone to answer the phone or return an email. We now have one of those debts that has gone to court and we are being sued. ... Read More »

                              Sallie Mae Won’t Work With Us to Repay Our Student Loans. – Cathy

                              College Tuition Expenses

                              “Dear Steve, My daughter has private student loans with Sallie Mae which have been consolidated to one BIG LOAN. My daughter started her first year of college at SVA in Manhattan. At the end of her first year at school my husband was diagnosed with an incurable cancer. We didn’t want to pull her out of school. She was so ... Read More »

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