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Ask The Get Out of Debt Experts

My Credit Union Sent me a 1099-C for Two Different Amounts. – Sabra


“Dear Steve, Credit Union charged off the amount of $2369 for a gap insurance loan that had a balance of $1639 but reported to IRS a charge off of $2574. IRS is going after me for not claiming it as income. How can they have 2 different charge offs and get away with it? Sabra” Dear Sabra, It’s a mystery. ... Read More »

    Farmers National Bank Took Our Truck. – Crystal

    tow truck repo

    “Dear Steve, We received a letter from our bank stating that we are late in making our payments we were three months behind the letter stated that if we paid the amount due of $1319.63 by the last day for payment which was 11-08-2012 that we may continue with the contract as though were not late The bank sent a ... Read More »

      I Got a Mailer From The Remedy Group Asking Me to Fax My Bank Statement. – Mikki


      “Dear Steve, I received a mailer containing my name, my address, my last year mortgage amount, my mortgage servicer, an eligibility code and a toll free number of 800-859-8641 and a promise of loan modification to reduce my interest rate. When I responded to the number, I was told that they were The Remedy Group, composed of attys and investors ... Read More »

        My Car Was Repossessed But They Never Gave Me My Stuff or License Plate. – Jane

        tow truck

        “Dear Steve, My automobile was repossessed in Massachusetts on 12/20/12, in the wee hours of the morning from the parking lot at my apartment complex. The loan was in default, so that’s not the issue. Once the car was repossessed, I never rec’d a Post-Possession Notice or, in fact, did I have any communication from either the lender or the ... Read More »

          I’d Like to Buy a House But I Can’t Get Approved Because of Delinquent Student Loans. – Hope


          “Dear Steve, I have had many delinquencies concerning student loans in the past. At one point in time I thought I was in deferment but obviously I was incorrect. So I show substantial deliquencies in 2006. I actually finished school in 2008 and loans were deferred until 6 months after I graduated. I started paying payments on regular monthly basis ... Read More »

            Sick Daughter Led to Debt. How Can I Get Out of Debt and Not Hurt My Security Clearance? – Mike

            top secret

            “Dear Steve, My wife and I have about $65,000 in credit card debt. It started when our daughter was born 12 years ago with a severe rare medical condition. In order to stay up on medical bills, mortgage, utilities we resorted to credit cards to offset our income. Over the years this added up on us. We are not late ... Read More »

              Should We Sell the Jeep and Lease the Mercedes Benz? – Evon

              A 2011 Mercedes ML 350.

              “Dear Steve, Have a upside down car sitting in my garage and cannot decide which way is best to get rid of it? I have a ML 350 that I am leasing for $674 per month. My lease is up 3/15. My husband has a Jeep Wrangler that we pay $405 per month. He owes $21,000 on it. He had ... Read More »

                Single Mom of Three. No Child Support But Student Loans. – Lisa

                Student Loan Corkboard Concept

                “Dear Steve, I am a single mom of 3 with some college, am getting no child support, and several years ago made it three quarters through lpn school only to get booted out because I wasn’t fast enough in clinicals. I have a mountain of student loans. To top it off I work at Arby’s as a prep person. Is ... Read More »

                  My Ex-Husband Was an Ass and Left Me Loaded in Debt. – Rachel

                  Super Hero - Female

                  “Dear Steve, A couple of years ago my husband and I divorced. When we did so, I held most of the debt from our marriage in my name [he had terrible credit] however he was the one making a huge salary 90k+/year. Throughout our 10 year marriage I stayed home with our children [which I am extremely grateful for] while ... Read More »

                    I Can’t Get Any Information About Consult America. – Alfred


                    “Dear Steve, Currently have $35000 in credit card debt. Unable to get a loan because debt ratio. Consult America has offered a credit card rate reduction program which will reduce my monthly payment from ~$900 per month to $670/month for a period of 36 months. They say my total debt wiil be reduced by $10,900. Does this seem ok? Haven’t ... Read More »

                      Single Mother of 6, Working Full Time and Going to School. – Walquiria

                      big family

                      “Dear Steve, single mother of 6… I hold a full time job plus I go to school 3 nights a week Hi Steve I am a single mother of 6. I work full time and I go to school 3 nights a week. I got divorced about 4 years ago, I would like buy a house for my children but ... Read More »

                        Great Plains Lending Keeps Calling Me for Payment. – Phillip


                        “Dear Steve, My situation is this; last June I lost my job working in a school district. I fell behind on all my bills throughout the summer, and luckily I earned another school position in November. Back in October, I applied for a loan with Great Plains and got $600. I am still not caught up on all my bills, ... Read More »

                          Is Remedy Center in California a Scam for Loan Modifications? – Jack


                          “Dear Steve, I responded to a solicitation for a loan re-modification from the Remedy Center in New Port Beach Ca. I sent them $3995 retainer(fee) to help me secure a loan re-modification. Is The remedy Group a scam? Jack” Dear Jack, There have been a number of variations on the Remedy name theme. You might want to look at American ... Read More »

                            My Car Was Wrongly Repossessed by Capital One Auto Finance. – Richard

                            tow truck repo

                            “Dear Steve, My car was wrongfully repossessed by Capital One Auto Finance. They acknowledged that it was their error. However they are now refusing to provide documentation for me to send to the credit bureaus. Every time I contact them they state they will have it removed but now as a result I have a repo and a closed account ... Read More »

                              My Sallie Mae Student Loans Make Me Suicidal and Anxious. – Angela


                              “Dear Steve, I have a massive amount of school loan debt from a school that was very overpriced and I didn’t finish to get my degree. The company I am involved with is Sallie Mae and they have been very unforgiving with payments so it doesn’t really matter how much I send. The debt keeps rising. I’m really at a ... Read More »

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