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Who is Right About Budgeting Our Money, My Wife or Myself?

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Question: Yo Steve, My wife and I fight, or shall I say disagree, all the time about spending and a budget. She has one opinion and I have another. She says we should not spend more than 25% of our income on housing but I say 33% is alright. Who is right? Jimmy Answer: Yo right back at you Jimmy. ... Read More »

    Why Have My Private Student Lenders Not Sued Me Yet?


    “Dear Steve, I went to a public school and obtained 2 degrees. A good portion of my student loan debt were in private loans. The economy crashed in 2008 and I couldn’t find work in 2009 so I went back for more education to hide from the economic realities (I had no way to pay on the loans). Sallie Mae ... Read More »

      Where Can We Get a Lower Federal Student Loan Interest Rate?


      “Dear Steve, My son is out of the country and I am paying off his loan. We are seniors. He has volunteered to pay himself. However, by the time currency exchanges have been calculated, it is cheaper for us the pay his loan. We have ‘’ loans at 6.8% which I think is very high. Is there anywhere we can ... Read More »

        How Can I Payoff Massive Parent PLUS Loans My Mom Can’t Afford?


        Dear Steve, My situation is similar to those asking about student loans and repayment. My Mom had to take out parent plus loans under her name to help me with school. We both understand the responsibilities we have. However, she can barely afford to pay for her rent and food on the money she makes. Therefore, I’m the one making ... Read More »

          Should We File Bankruptcy Because of Business Debts?

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

          Money, Credit and Debt Advice – Get Out of Debt Guy Question: Is There Hope for Us in Bankruptcy? Dear Steve, We have roughly $80,000 in credit card debt. We have 4 children, 2 in college and 2 yet to go. We own a small business that we run out of our home in addition to my being a teacher. ... Read More »

            How Can I Get the Debt Collector to Stop Bothering Me?


            Question: Dear Steve, I’m getting really tired of being hassled for an old debt I don’t owe. I keep trying to explain to the debt collectors that I don’t owe the bill they keep trying to say I need to pay. What can I do? Mary Answer: Dear Mary, Being chased for a debt you don’t owe is not fun. ... Read More »

              The Hospital Turned Me Over to Collections. Can They Do That?


              I recently had procedure at hospital. Insurance paid their part. I have my part to three different people. I tried making arrangements with hospital of $100/month – they said that’s not enough for it to be paid in 6 months. I said what’s the deal with 6 months? She replied that if I don’t have them paid in full in ... Read More »

                Should I Eliminate My Debt With Debt Settlement or a Debt Negotiator?


                “Dear Steve, I am looking for help to get my debts in order. I owe approx. $30,000 (9) credit cards, (1) loan. The accounts are all closed and are shown as being charge offs. I don’t know if I should go the Debt Settlement route or Debt Negotiator route. I’m starting to get phone calls and letters from these creditors ... Read More »

                  Should I Take Out a Student Loan to Payoff My Wife’s Student Loans?


                  “Dear Steve, My wife and I both finished our undergraduate degrees, I did not have any debt, while she accumulated quite a bit of debt. I am currently in dental school, and while I still do not have to take out loans for school, I have access to loans that have a lower interest rate than some of her private ... Read More »

                    My Ex-Husband Stopped Paying the Student Loans and I Cosigned

                    Divorce papers and cash with misc items

                    “Dear Steve, I cosigned for a private student loan for my exhusband while we were married in 2007. There is a court order stating that he was required to refinance the loans in his name only which he never did, so I have proceeded to sue him and he is in contempt of court. He has recently filed for bankruptcy ... Read More »

                      Will I Be Caught at the Airport When I Return to the UK for My Internet Bill?


                      “Dear Jon, I was student in UK back in 2005-2006. I had a credit card (Nat West bank) and had good history by paying my full debt regularly for almost 3 years. By the end of 2007 I had some bad time and got my self in debt for less than 300-500 pounds (cant remember exactly). Same thing with BT, ... Read More »

                        I’m a UK Citizen and Living in the U.S. Can I Go Bankrupt?

                        couple working

                        “Dear Jon, I am a UK citizen, having resided in US now for about a year. I have moved here following my job, but recently was made redundant. I have debt in UK with regards to credit cards and student loan totaling approx. £25,000. I have struggled paying the monthly amounts now for a few months and am now in ... Read More »

                          Will My UK County Court Judgment Impact My Citizenship Application?


                          “Dear Jon, Hi! I was living in UK for about 3 yrs and was back to my home country in 2013. I had a few unplanned overdrafts and a mobile contract on my name which i ignored paying since i hardly had anything with me. Now, I am married to a UK citizen and expecting to move UK in 2015. ... Read More »

                            NJClass and Nelnet Will Ruin Our Marriage and Lives

                            fear is a prison

                            “Dear Steve, My fiancé has a ridiculous amount of student loan debt. He attended Felician College in Lodi, New Jersey, a private school and has $140,000 in student loan debt from two lenders: NJClass/HESSA and Nelnet. The payment from HESSA is $900/month and the one for Nelnet is $600/month. HESSA is impossible to deal with as it is a private ... Read More »

                              Should We File Taxes as Married Joint or Married Separate?


                              “Dear Steve, I have graduate degree loans totaling close to $70K now w/interest that I have been paying since 2001. I have been paying a reduced rate ($20/mo) on them for some years now because I haven’t been able to work since our first child was born 10yrs ago. My husband also has sizable graduate loans of about $90K, but ... Read More »

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