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Ask The Get Out of Debt Experts

Bank of America Says I’m Not Eligible for VA Interest Rate Reduction Refinance Loan (IRRRL). – Edward

valogo

“Dear Steve, VA Home loan for $125,000 + Line of Credit for $28,000 = Original basis of $153,000 Went to settlement on August 2007, no representative. Country Wide Bank financed the loan. Lost Job 2009 – Unemployed now and retired! Had to rent property to pay mortage Bank of America now has loan. Loan is no longer a VA backed ... Read More »

    My Bank Says if I Don’t Get My Personal Loan Current They Will Repo My Car. – Angelo

    tow truck

    “Dear Steve, I have both a personal loan and a car loan through my bank both loans are past due. if i payed the auto loan up to date can my car still get repoed for being past due on the personal loan (bank told me over the phone that both had to be up to date to stop the ... Read More »

      Who Will Give Me a Debt Consolidation Loan to Payoff My Debt? – Tony

      magnifying glass and a Denied credit application form

      “Dear Steve, I have 3 credit cards, all maxed out, one is $18000 at 29.9% interest rate, the other one is $23000 at 15% interest and the 3rd is $5000 at 10% interest. I pay all payments on time and have great fico score but all credit unions and personal banks decline my debt consolidation loans. what is the best ... Read More »

        Should I Stop Working for the Church and Get a Paying Job to Pay Off Our Debt? – James

        church

        “Dear Steve, I have a $50,000 credit card debt for which the monthly payment is $1,000 at 9%. I receive a $24,000 military retirement and my wife makes $40,000 a year. I have $230,000 from early retirement in an annuity and we refinanced our mortgage two years ago for a 5% rate and the balance is $217,000. I am 58 ... Read More »

          We Make 150K But Living Paycheck to Paycheck. What Should We Do? – Roy

          middle age couple

          “Dear Steve, My wife and I are in our mid 50s living in suburban NY. Our kids are in college. Combined, our income is $150,000. While this is considered to be good money, it just doesn’t seem to be enough to cover our needs and save for the future during the years that we should be doing that. We owe ... Read More »

            Will I Get Arrested in Saudi Arabia Because of My Bad Debt in Dubai? – Don

            gcc money

            “Dear Steve, I’m credit card debt and one PDC loan and one monthly payment loan. I’ve lost my job in dubai. I’m currently in dubai and i have informed banks with the same situation and have already provided them with termination letter copy. I’ve been offered a role in Saudi arabia. I’ve every intention to pay every penny to the ... Read More »

              How Quickly Does Bankruptcy Protect Me From My Creditors? – Mary

              Bankruptcy Road Sign

              “Dear Steve, 58yo..unemployed for a few years.due to layoff….maxed credit cards and behind by 6 months. Just gave my BK paperwork to attorney. I believe that due to my poor credit, I cannot find a job. Having a hard time just paying the important bills. Discover has now stated they will either give me to collections or to an attorney. ... Read More »

                I’m Concerned About Using Lending Club and this Ripoffreport.com Complaint About You. – Norma

                Cosplayers at San Diego Comic Con 2009

                “Dear Steve, I found your site a while ago and I was already enrolled in a debt management program who would not respond to me. Somehow, you got me a valid point of contact who resolved my issues and everything went smoothly until I fulfilled my obligations. However, I am looking for a personal loan to consolidate some debt incurred ... Read More »

                  Can Our Old Home Qualify for Tax Forgiveness if We Rented it? – Kevin

                  IRS

                  “Dear Jim, Bought a house in 2006 as my primary residence for 185k. In 2009 we receieved an appraisal of the property for 90k from the county. In the middle of 2009, I had to take another job which required a move across the US. With no time to try to sell the house, I decided to rent it out ... Read More »

                    We Should be Filing Bankruptcy But Want to Avoid Bankruptcy. – Mel

                    covering eyes

                    “Dear Steve, We owe over $100,000 in unsecured debt. Of course our outgoing is more than the incoming. BUT…somehow we have been able to maintain a current status with our payments. Technically, we should be filing bankruptcy but we are going to give repayment on our own a try first. I understand that your first loss is your best loss ... Read More »

                      I Am a Washington State Client of Lloyd Ward Group. – Dave

                      Searching-right

                      “Dear Steve, I used Lloyd Ward Group to settle 6 unsecured credit card debts. I was charged approximently $4,500 for a $15,000 debt settlement. I live in Washington State. Are there any rules for the amount I should have been charged by the firm? I am unable to locate any information. I am refering to the article you published about ... Read More »

                        I Want to Know if Debt Settlement, Debt Consolidation, or Credit Counseling Work

                        chalkboard

                        “Dear Steve, I owe $52,000 in credit card debt. I want to know if Debt Settlement, Debt Consolidation, Debt Counseling etc….Do any of them work? I do not want to file for bankruptcy. I have not missed any payments but mostly minimum payments. In the mail I get all kinds offers for Debt this and Debt that. It has been ... Read More »

                          I Had to Leave Debt in the UK to Return to India. – Purvi

                          uk

                          “Dear Jon, I am an Indian who lived in UK for close to 6 and a half years. I was a student initially and then worked on a post study work visa for 2 years. I have lived my life in UK, with dignity and respect in all these years. In june 2012, I had to return back to India ... Read More »

                            How Does Debt Settlement Work? – Seth

                            No problem

                            “Dear Steve, My parents really need to figure out some way to get out of Debt. I just heard of a debt settlement. How do debt settlements work? And do you advise using them? Or should they just go with a debt consolidation? They have good credit, but really need a solution. Seth” The Answer Dear Seth, Let’s not get ... Read More »

                              My New Husband Says Bankruptcy is Out of The Question. He’s Against It. – Susan

                              stressed

                              “Dear Steve, I have credit card debt of about $12,000 on top of my student loans which total about $22,000. I am not proud of the situation I am in. Living on my own and going to school (and being young and dumb) I used credit cards to get by and now they seem like they are never going anywhere. ... Read More »

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