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Ask The Get Out of Debt Experts

I’m an Attorney. Should I Default on My Private Student Loans for Law School?

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Question: Dear Steve, So you’re only the second person in the world I’m telling this to because I was embarrassed by my decision to default on my private law school student loans back in 2014, but now I’m thinking I may be a genius. So I went to law school at large private school in Manhattan. I still live in ... Read More »

    Should I Cash Out Retirement to Pay Parent PLUS Loans Off?

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    Question: Dear Steve, Single 60 year old woman with parent loans of $60000- 8.5%- since getting divorced have been unable to pay – loans in deferment Does it make sense to take money out of my retirement funds ($80000) to pay off the loans at this point? I am unable to save for retirement now but I don’t see any ... Read More »

      Experian Continues to Report Judgment Included in Bankruptcy

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      Question: Dear Steve, I filed Bankruptcy Chapter 13 in 2011 and completed in 2014. Since that time, I have tried to clean up my credit reports. With most of the issues I have had success. There is however one Reporting agency (Experian) That did nothing with my dispute about a Judgment that was included in the Bankruptcy. Most recently they ... Read More »

        I Lost My Job, My Husband Died, and I’m Drowning in Debt

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        Question: Dear Steve, I am 60 years old, lost my job 1 1/2 yrs ago and subsequently started my own business. I was receiving 1/2 of my ex-husbands military pension, and paying down my debt and remodeling my home. Then the bottom fell out. My house was flooded by a faulty hot water heater and very extensive repairs needed to ... Read More »

          Consumers Alliance Processing Corporation is Offering Me Help

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          Question: Dear Steve, My name is Amie and I am almost 45 years old. I became permanently disabled in 2001, due to a chemical that was passed to me by my father during his service in the Vietnam war. I have a considerable amount of debt for someone who lives off of disability and though I am not late paying ... Read More »

            Will I Be Chased in Mexico for My Private Student Loan?

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            Question: Dear Steve, I am a Canadian who was given a USA private student loan with EdInvest that was then transferred to FirstMark Services, who now has my loan. I owe approximately 21000 USD and I am unable to make the loan payments. I do not live in the USA. I have 2 children and need the money for basic ... Read More »

              Should I Go With Student Loan Assistance Center for Help?

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              Question: Dear Steve, Student Loan Assistance Center SLAC said that they would help me with my student loans. I currently have $307,500 worth of them right at 50 when I checked myself. I currently don’t have a source of income, and I still have two children in the home. They wanted me to come up with $799 for a loan ... Read More »

                I’d Like to Know if My Student Loans are Now Eligible for Forgiveness

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                Question: Dear Steve, I am contemplating my options for some of the new govt student loan forgiveness programs (working a govt job or time based), and I trying to track down how much “official credit” I have accumulated towards student loan payments since loans were taken out in 1994. I have been paying on the loans off and on since ... Read More »

                  My Dad Stuck My Mom With All the Debt

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                  Question: Dear Steve, My Dad was very abusive towards Mom. He used to force her to go get car loans, on cars that he couldn’t afford, then they’d get repossessed. When they got repossessed he’d get another car in her name. The cars were all in her name. Now he’s been gone for 6 years and creditors are taking her ... Read More »

                    I Paid Off My Student Loan But My Tax Refund Was Captured

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                    Question: Dear Steve, Back in 2011, I paid off my student loan in full for $10,152. I had purchased a money order at United States Post Office. I received a settlement of close to $100,000 at that time in March 2011. I wanted to pay off my loan so I wouldn’t have to think about it again. Now forward 5 ... Read More »

                      Should I Not Bother to Call My Student Loan Collector?

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                      Question: Dear Steve, So, when I was 18, I went to ITT Tech. I got in debt with them and eventually had to drop due to failing grades. So, I owed 2 different types of loan, a federal and a private loan. The private loan was 15000 at the time I was 18, because I was only working part time, ... Read More »

                        How Can I Go Back to College When I’m Behind on My Loans?

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                        Question: Dear Steve, I never fully understood the who applying to college process when I was in high school. My guidance counselor basically told me apply to a college, use grants and scholarships and if your unlucky use your guardians/parents and/or loans. I didn’t even know how to find the college for me or apply. I was born in America ... Read More »

                          My Life Didn’t Turn Out Like My Student Loans Wanted

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                          Question: Dear Steve, I attended a private college and felt super confident I’d have no issues finding a job after college with an AA, because of everything I was told at the school. I had a difficult time finding a job, I had to return to my old job, which had NOTHING to do with my degree. I then learned ... Read More »

                            I’m a Teacher. How Can I Lower My PLUS Loan Payment?

                            Decision time

                            Question: Dear Steve, My student loan (originally taken out for my children) is now owned by the government and administered by fedloan.gov. The loan is in my name alone — my wife is not on the loan. 1. Does filing separately exclude my wife’s income from consideration in an IBR? When I started with fedloan.gov my payments were $0, but ... Read More »

                              I Moved to Australia But Will I Be Stopped at UK Border for Tax Debt?

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                              “Jon, I left the UK in 2007 and settled in Australia and have not been to the UK since. I closed all accounts and paid all things off. I had a savings account for a year or two then transferred it all to AUS. I don’t recall doing a tax return and am concerned there is a debt that has ... Read More »

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