This category is for questions readers have asked our experts directly for advice and guidance on how to deal with their debt situation.
If you would like to ask for free help, you can do so here.
Michael “Dear Steve, I am approx. 30,000 in cc debt.Am cuurrent with payments but future doesnt look so good. Needed money for medical bills and to keep operating my business-excavating. I am looking for a good debt settlement program-is the NFCC something to consider or is there others. Thanks. Michael” Dear Michael, When you mention … Read more
“Dear Steve, Student loans private 30,000 at 10% with five separate loan groups/amounts refuse to consolidate and lose control of options. Federal two groups one at 27,000 the other 29,000 both at 5.75%. 39 years old and have been working as a nurse for 1 year making at this time $62,000. I want to attack … Read more
Lorena “Dear Steve, I have three bank accounts. Does opening more than one bank account affects my credit score? What can I do to fix this? Lorena” Dear Lorena, I am not aware of any reason why having multiple bank accounts would negatively impact your credit score or credit report at all as long as … Read more
“Dear Steve, I am 66 married hubby is 55 & on disability – I have been fighting depression all my life – I work part time but hours are being cut – company may go under – no jobs out there for the elderly – we are $105,000.00 in debt of cc & loan- can’t … Read more
“Dear Steve, I just started going crazy opening credit cards and maxing them out. Can you get me out of this hole? Lauren” Dear Lauren, Thank you for writing to me for help. The initial reaction of many that read your question will not be one of sympathy. The corner you have found yourself in … Read more
“Dear Steve, I am currently in debt management and I have used up all of my forberance. I cannot make the payments. Half of my take home pay goes to debt management. Is there any way I can postpone payments rather than forberance or financial hardship? Sallie Mae will not give me financial hardship–they say … Read more
“Dear Steve, I own a home based business (S corporate in CA). Since the begining of the year, I’ve been make less than previous year. Hoping it would change, I used my AMEX to make up for the difference….You can figure out the rest. My bill of 40K+ is due in a couple of days … Read more
“Dear Steve, I am 25 years old, pretty deep in debt, and engaged to be married. My fiancee, who I’ve been with for just over 7 years now, was gracious enough to tell me we could get married whenever I was ready. Now the problem – my debt. My debt currently consists of the following: … Read more
“Dear Steve, In debt to cash advance companies and am short $350 for the months bills Is there any help with cash advance loans and how can I get cash quick to not become homeless? Teresa” Dear Teresa, The easiest way to not become indebted to cash advance companies is to not take out cash … Read more
“Dear Steve, I am currently on fixed income of about $657 amonth. My income comes from SSI and Social Security disability. I have a couple school loans and several past medical and credit card bills that I want to get paid off. Tell me what I can do to get my credit cards and all … Read more
“Dear Steve, I have Federal Student loans dating back to ’94/95. My situation was unusual. I first attended MBA school and left after a semester because I also got accepted to Law School at a different university. I went to Law School for a year and a half only to realize it wasn’t what I … Read more
“Dear Steve, Hello…my situation is that I filed bankruptcy earlier this year. At that time, I didn’t include (2) payday loans which I was under the impression were not considered under Chapter 7. These loans are out of Delaware. I thought I could control them afterward the filing. Since the filing, I was laid off … Read more
“Dear Steve, Hi, I am hoping for some help. I have read some stuff already on your website regarding this, but my situation is a bit different. My ex-husband and I are divorced for a year, separated for 2 yrs prior to that. In our separation agreement it states that he is responsible for 2 … Read more
“Dear Steve, I had some bad luck in small business and had to use my credit cards and now I am about $50,000. in debt. I have very little income coming in right now and have about 3 months of cash left to pay the mortgage and monthly bills. I want to pay my bills,but … Read more
“Dear Steve, I built a new home using credit card cash advances. I now have $85,000 in credit card debt and the interest rates average 25%. I can make up to $2500/month in credit payments but the interest rates are killing me. I had great credit before this issue. I have a good job and … Read more