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Ask The Get Out of Debt Experts

I Owe on a Car But Would Like to Settle the Amount Owed. – James

garage

“Dear Steve, I purchased a $16,000 car in 2007. I put $6,000 cash down, less than 60 days after I signed the contract the car starts swaying really bad due to worn out bushings in the suspension. I contacted the dealership, got an estimate for the necessary repairs($1,800). The dealership refused to even cover a portion of the repairs stating ... Read More »

    Credit Report Shows Me as an Authorized User on a Credit Card. – Kelly

    Screen Shot 2013-03-12 at 4.24.02 PM

    “Dear Steve, I have a relative that added my name to their credit card as an authorized person who can sign. The card is not in my name, no credit check was run, I am only listed as an authorized person who can sign if need be. However, I have now noticed that the credit card company has reported this ... Read More »

      Is Suicide My Only Option to Get Out of Debt? – Raj

      suicide

      “Dear Steve, I’m in deep trouble and the only option left for me is Suicide. I just can’t think of anything to overcome the hassle I created by myself. Im so stupid that I trusted someone wholeheartedly broke me into pieces. I came to USA in 2009 on a F1 student visa , borrowed money from my family members for ... Read More »

        I’m Retired and Wonder if I Should Use My Retirement Money to Pay Off Debt. – Karen

        Financing a budget

        “Dear Steve, I am a 62 year old single woman. I retired in June with a fixed PERS retirement pension and am also collecting my social security pension for a total of annual income of about $64,000. I have about $20,000 left in credit card debt that I have been paying down on a fixed debt reduction plan that I ... Read More »

          I Wrote You When You Were the Debt Coach on the TV Show Starting Over. – Sari

          Working At Home 6

          “Dear Steve, I am not sure if you are the same Steve Rhode I wrote to about 7 years ago. I heard about you on the TV show Starting Over, with Rhonda Britten. I wrote to you asking advice on how to get out of the large debt we had from attempting to start our own business, while also experiencing ... Read More »

            Quicken Loans Keeps Calling Me After Turning Us Down. – Jeffrey

            husband wife

            “Dear Steve, We have an upside down mortgage. In order to make mortgage payments we pretty much maxed the credit cards. We were told by Bank of America the only reason we did not qualify for HARP was b/c we were 30 days late paying June 2012’s mortgage. They told us that since we did not have any other lates ... Read More »

              I Was Homeless and an Alcoholic and Have Some Debt. – John

              man - elderly

              “Dear Steve, I was homeless for a long time & had a drinking problem iv gone through some programs in one now that helps with rent. im 65 & on a fixed income of 730.a mo. letters say i owe 900 to a co. down so. i know theres more cant get a debt list. an dont know how i ... Read More »

                Where Can I Find a Legitimate Mortgage Modification Company? – Michael

                Loan Modification Green Road Sign with dramatic clouds and sky.

                “Dear Steve, Can you recommend a legitimate Loan Modification company anywhere in New jersey? All I hear are horror stories about these types of companies, and dealing with the bank directly is a joke. Any recommendation would be appreciated. Thank you, Michael” Dear Michael, The key point to remember is that no bank is required to modify any loan if ... Read More »

                  I Entered a Debt Settlement Program With Consumer Law Associates. Chase Won’t Settle. – Mojo

                  doctor-xray

                  “Dear Jared, I made a mistake plain and simple by listening to a debt settlement company (Consumer Law Associates). In 2010 they told me they could settle my credit cards including Chase. To their credit they settled 3 out of the 4 (Chase being the only one left). But from what I am seeing online it does not look like ... Read More »

                    My Debt Settlement Company Went Out of Business. What Now? – Edward

                    punched-in-face

                    “Dear Steve, I started with Debt Relief Center (25 Crossroads Dr. Ste 404 Ownings Mills, MD 877-740-2111 and 866-3724 www.drclogin.com) in August 2010. A creditor (Sunrise Credit Services) was threatening legal action if I didn’t pay full amount ($10,500) immediately. I never was in this position before and I didn’t want to declare bankruptcy nor be sued. Then a friend ... Read More »

                      How Do I Get Out of My DirectBuy Contract. I’m in a Financial Hardship.

                      couple working

                      “Dear Steve, Some time ago you wrote to Rosie about Direct Buy. I am in a very similar boat. Fell into financial hardship and can no longer pay this. I found out that they don’t report to the bureau, but after reading this they will send you to collections. Could you expound on exactly what should be listed in the ... Read More »

                        Student Consulting Group / Fix My Student Loan – Review. Are They a Scam?

                        SCG Home (20130307)

                        Company Name Student Consulting Group Marketing Message “It would be great if I had some extra cash right now.” Who hasn’t said that more than once? I sure have. Whether it was to pay for a nice dinner, to go on a vacation, or to just buy something I wanted. It really hurts doubly when you say that and you ... Read More »

                          How Far Behind Do I Need to Be to File Bankruptcy? – Jay

                          middle age couple

                          “Dear Steve, Live in Colorado, it’s the usual situation where there have been cut backs at work (outsourcing rrrr) and we are we will begin to fall short on CC payments by our calculations. We estimate maybe $ 200 probably depending on the sequester and barring other fun surprises and stuff. I much do you have to be short a ... Read More »

                            My Car Was Repossessed in New Jersey Without Notice. Can TD Bank Do That? – Kayla

                            tow truck

                            “Dear Steve, My info is a little long but I really hope you can help: My vehicle was repossessed in the state of New Jersey. I had no idea that the bank was going to, or were even thinking about taking my vehicle. However, I did experience financial difficulties and couldn’t make my payments on time. I was in CONSTANT ... Read More »

                              I Didn’t File Tax Returns for 10 Years. What Do I Do Now?

                              afraid alone

                              “Dear Jim, I am embarrassed and ashamed that I’m stuck in my current situation, but in a nutshell here it is: The last time I filed a tax return was roughly ten years ago. Prior to that, I had an amazing job, owned my home, and was moving toward getting married. Then everything fell apart. I lost my job due ... Read More »

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