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Ask The Get Out of Debt Experts

Estate Law Group Took Our Money. – Sussie

scammer

“Dear Steve, I was sent a card in the mail from Estate Law Group in Irvine, California about a loan modification to our existing mortgage, and it stated our lending companies’ name. I called the number on the card and was connected to a “case manager”. He said that I had to fill out all these forms that looked pretty ... Read More »

    I’m in South Africa and My Husband Won’t Take Over the Property After Our Divorce

    cape town

    “Dear Steve, My ex husband and I were divorced on 21 May 2010. All bond and levy payments were made up to date at the time of our divorce. He was difficult and refused to sell and wanted to keep the property at the time of the divorce. My attorneys Riekie Erasmus advised that the settlement agreement be drawn up ... Read More »

      What Will Happen to Me if I Don’t Repay My Northern Ireland SLC Student Loan? – John

      Irish leprechaun rugby player Ireland flag

      “Dear Jon, I graduate from uni here in the uk this year. I study in England but my loan was given to me by the N.Ireland SLC. My student loan debt at the minute is just under £30,000. I believe it will be around £35k at the end of the next term. My family now live abroad (in Spain) and ... Read More »

        My Wife and I Divorced But We Both Got a 1099-C For an Old Debt. What Now? – Steven

        IRS

        “Dear Jim, Vehicle debt was in mine and my wife’s name. Divorced in 2009, vehicle repossessed in 2009. We both received a 1099-C for the full amount in 2013. We cannot file a joint 1099, as we are divorced. How is this handled? Do we both pay taxes on the full amount or should it be split? Would this be ... Read More »

          How Can I Restructure My Debt in the UAE. My Bank is Threatening to Call the Police.

          Writing Q&A, Questions and Answers on a blackboard.

          “Dear Jon, I had an issue with my bank in November 2011 to whom im transfering my salary as i have a personal loan when they accused me that i have an unpaid credit card from 2009. i had a card in 2009 and repaid it all, but lost the clearance letter. so the bank took my salary for 2 ... Read More »

            Will I Be Arrested When I Reenter the U.S. Because of My Bad Debt?

            qa3

            “Dear Steve, I am Turkish citizen. I stayed five years in the States for master and doctoral education. I had a scholarship from my government and was together with my three kids and wife. Only one semester, I worked in campus as a research assistant and got a social security ID. After graduation I came back to my country and ... Read More »

              Should I File Bankruptcy at the Risk of My Family?

              Road to Recovery Sign

              “Dear Steve, 2005 I earned a few hundred thousand I could invest. Being young I took a risk, I provided a bridge loan of $135,000, Prepared by and attorney. In the same year I loaned the money the loan defaulted. So I wrote off the loan through the advise of an attorney and accountant. I was audited by the IRS ... Read More »

                Should I Buy a Shelf Corporation to Start a Business? I Have Bad Credit.

                Question Theme

                “Dear Steve, I’m starting a new business with poor credit and I was wondering if I should purchase one of these shelf corporations. Are the purchase of shelf corporations legal?” Having been in business for a long time and having formed companies in more than one country I can tell you that I simply can’t see any value in buying ... Read More »

                  My Social Security is Being Garnished Over an Old SBA Loan. – Carrie

                  retirement

                  “Dear Steve, Home and business was damaged during Katrina. got a SBA disaster loan. paid monthly notes. they were 3rd lienholder. 1st lienholder foreclosed on us. he did not notify SBA about the foreclosure. we did and sent names, addresses, phone nos,and documentation of all concerned. he bought the property back at the land sale and resold it within two ... Read More »

                    Mortgage Mailer is a Sales Job to Sell You a Lie

                    Screen Shot 2013-03-17 at 3.02.19 PM

                    “Dear Steve, Received this mailer offering to reduce my principal by $75k and get me a 2% interest rate. Has NO name, address, fax, or website. Phone # 877-264-8115. When I Googled that #, your site came up as evidently someone in the Comments section mentioned a solicitation with that #. It’s disturbing that an attorney’s office can violate so ... Read More »

                      We Incurred the Debt So We Think We Must Pay It Off. – Kelli

                      debt

                      “Dear Steve, Decent credit with too much debt..need to know the best option for getting out of debt. My husband and I have accumulated about $40,000 in credit card debt, and while we are able to keep up the minimum payments for now I don’t see us being able to in the future. We want to get out of debt ... Read More »

                        My Ex-Husband Was Supposed to Pay Some Debts But They Are Coming After Me. – Kate

                        steamroller

                        “Dear Steve, I went through a divorce in which I cold not get my name off of the mortgage. My ex husband said he wanted to continue living in our house, so I moved out. Several years later, he let the house go ino foreclosure. I was so upset and disgusted over this that I stopped paying back other bills ... Read More »

                          I Want to Take Cash Out of My House to Pay My Debt. – Bruce

                          Couple Buying House

                          “Dear Steve, I live in Northern California and have approximately 90K in credit card debt and need help badly as we’re having trouble making ends meet! If possible I don’t want to file BK I make approximately 125k a year and my wife has been unable to work the past 4 years due to medical issues. We currently own a ... Read More »

                            Our Credit is in the Crapper. Should We Go With MMI? – Nannie

                            shopping addiction

                            “Dear Steve, I am contemplating whenter or not I should sign up with MMI–Our credit is in the crapper, due to over 4 years of underearning. I finally got a job, my husband’s job is also steady and still we cannot manage. I had to take a long look at things and realize that we need extra help in terms ... Read More »

                              What Will Happen When if I Stop Making the Second Mortgage Payments? – James

                              umbrella

                              “Dear Steve, We currently have a first and second mortgage. The first Mortgage is with Citi Bank and we owe about 160,000. The second is with America Servicing Company which is a subsidiary of Wells Fargo. We owe 140,000. The house is probably worth about 300,000 give or take. We are having a problem making the second mortgage payments. I ... Read More »

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