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Ask The Get Out of Debt Experts

I Had to Withdraw From Law School Due to Illness. They Say I Owe Money. – Carol

It's all very odd.

“Dear Steve, Student Loan Debt: over $100,000.00 law school debt plus masters debt but no undergrad debt. Here’s one for you. I was studying for a Masters at a law school in so. cal. withdrew due to illness. They say I never withdrew and took the money for one class from student loan and the other class had private funding ... Read More »

    How Can We Get the Bank to Not Report the HELOC Short Sale? – Teresa

    Real Estate Concept

    “Dear Steve, House was paid in full. Took out a HELOC that got under water. Bank has accepted a short offer. Payment on HELOC was never late. Credit score currently very, very high. We took out a HELOC a few years ago that was used toward building costs of the new house we live in now. The original house became ... Read More »

      We Owe $700,000 in Student Loans And Need Help! – Laura

      broken piggybank with dollar notes

      “Dear Steve, We are considering bankruptcy and have a huge student loan of over $700,000 that has been in forbearance for 24 months. We have only paid small monthly payments in the past because of being self-employed and not making a lot of money. The original amount was about $200,000 and the rest is interest. My husband is 51 & ... Read More »

        I’m Buried in Debt From Getting Divorced. – Brad

        Divorce

        “Dear Steve, Recently divorced; incurred 30k in debt through the break up with misc. items. Income 6500 month 4200 after tax 35000 in credit card debt My mortgage 1200 Old mortgage, which I do not pay and states in my divorce decree is 2100 but this is killing my credit. What is the best way to get out from under ... Read More »

          I Am Never Gambling at the Casino Again But I Need Help. – Pat

          slot machine

          “Dear Steve, I have been going to the casino for sometime now but it has really gotten out of hand I find myself hitting the atm machine and now I have no money my rent is due the gas is due and I dont know where to turn It has become serious and I am getting scared well not getting ... Read More »

            I’m Retired, Sick, Poor, and Deep in Debt But I Want to Avoid Bankruptcy. – Jim

            heart

            “Dear Steve, I am 68 years old. I worked my life in the Title Insurance Business. I have a High School Education – only. I have taken classes at a University and other classes that I could sign up for and gain more knowledge. I finished my career in 2007 as I was diagnosed with Congestive Heart Failure. I owe ... Read More »

              I Loaned a Credit Card to a Friend Who is Not Paying It Anymore. – Karla

              oops

              “Dear Steve, I loaned a credit card to a friend 8 years ago and she has been making minimum payments and using it until last year when she stopped making payments. I have been promised by her she will take care of it when her divorce is finalized and she gets a big cash settlement. Promises promises. The account is ... Read More »

                MRS Associates Keeps Trying to Collect a Debt Discharged in Bankruptcy. – Katie

                Fight Back - Red Button

                “Dear Steve, I filed chapter 7 bankruptcy in 2012. On my credit report, the debt that is under MRS Associates states that it was discharged through bankruptcy. But I am still receiving letters in the mail from MRS trying to offer me a settlement amount for me to pay. Is it legal for MRS to still be sending me these ... Read More »

                  I Was Made Bankrupt Six Years Ago in the UK. My Bankruptcy Has Not Been Discharged. – Stewart

                  uk

                  “Dear Jon, hello i was made bankcrupt in 2007 and i have not been discharged yet as there were a few problems they have not been in contact with me for over 5 years but on checking a file i have not been discharged yet………………..my mum died last year and left me some money………the probate have said they have had ... Read More »

                    I Owe Old UK Court Fines. How Can I Start Paying Them? – Anthony

                    uk

                    “Dear Jon, I live out side the uk I have old court fines of 6400 pound ,they are 17 years old how can I find out if they are active and start to pay them and not go to prison Anthony” Anthony, You could begin by contacting the court where the fines originated and they may be able to help ... Read More »

                      Will My UK Husband be Arrested if He Returns to the UK But Owes Debt There? – Angela

                      uk

                      “Dear Steve, I was married less than a year ago to my husband who is from the U.K. He has substantial debt that I did not know about, including a divorce agreement to pay for half of a home improvement loan of the house his ex-wife was given outright. He believes has the potential of being arrested, if he does ... Read More »

                        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” Dear M, I think the math gives us a ... 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 »

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