Home > Ask The Get Out of Debt Experts (page 62)

Ask The Get Out of Debt Experts

Can I Negotiate With My Own Creditors to Settle My Debt? – Lesley

Attractive red-haired female reading a manual before do-it-yours

“Dear Steve, I currently have $39,000 in credit card debt spread across 5 cards. Two with Chase and 1 each with Citicards, Bank of America, and American Express. I am not behind on any payments, but am only able to make the minimum due on each card every month. I expect that in the next month I may be receiving ... Read More »

    I Am an Unemployed School Principal, Drowning in Debt and Getting Divorced. – Jennifer

    Woman in home office with computer and paperwork frowning

    “Dear Steve, I will soon file a joint bankruptcy with my husband and then get divorced. I owe $170K on my foreclosed house and $154K on students loans. I was a principal and my school closed in 2011. I have gone through unemployment and now live on child support ($570/month) and food stamps. After 15 year of experience, I am ... Read More »

      Private Student Loan Lender Wants to Garnish My Wages. – Adriana

      young woman protects little girl from wind in garden

      “Dear Steve, Defaulted loans on private college I have been getting emails and calls saying that my loans have defaulted and my wages and taxes are at risk to be garnished, I had to withdraw from school due to financial problems as they required an unpaid externship to graduate and I simply could not afford to work 1 month for ... Read More »

        Zoosk.com Online Dating Site Took My Money and Won’t Give It Back. – Bill

        woman on computer

        “Dear Steve, I fell for subscribing to Zoosk, despite what I felt were unusually high charges. One day later, after being sent some “Profiles,” I decided to cancel. They will let you cancel and not get their emails and FB messages, but you are bound to pay the entire amount. In this case about $99.00. Is Isn’t there a three-day ... Read More »

          Granite Law Wants to Charge Me to Modify My Mortgage. – John

          Searching-right

          “Dear Steve, I have a fixed rate mortgage at 6.8% on my home I live in. The amount owed is more than the value. $380K vs. $300?K. A radio ad here in the Chicago market recently stated a company could assist home owners who were under water to get a lower payment. Mine is currently sitting at $3100 including T&I. ... Read More »

            My Credit Union Sent me a 1099-C for Two Different Amounts. – Sabra

            IRS

            “Dear Steve, Credit Union charged off the amount of $2369 for a gap insurance loan that had a balance of $1639 but reported to IRS a charge off of $2574. IRS is going after me for not claiming it as income. How can they have 2 different charge offs and get away with it? Sabra” Dear Sabra, It’s a mystery. ... Read More »

              Farmers National Bank Took Our Truck. – Crystal

              tow truck repo

              “Dear Steve, We received a letter from our bank stating that we are late in making our payments we were three months behind the letter stated that if we paid the amount due of $1319.63 by the last day for payment which was 11-08-2012 that we may continue with the contract as though were not late The bank sent a ... Read More »

                I Got a Mailer From The Remedy Group Asking Me to Fax My Bank Statement. – Mikki

                scammer

                “Dear Steve, I received a mailer containing my name, my address, my last year mortgage amount, my mortgage servicer, an eligibility code and a toll free number of 800-859-8641 and a promise of loan modification to reduce my interest rate. When I responded to the number, I was told that they were The Remedy Group, composed of attys and investors ... Read More »

                  My Car Was Repossessed But They Never Gave Me My Stuff or License Plate. – Jane

                  tow truck

                  “Dear Steve, My automobile was repossessed in Massachusetts on 12/20/12, in the wee hours of the morning from the parking lot at my apartment complex. The loan was in default, so that’s not the issue. Once the car was repossessed, I never rec’d a Post-Possession Notice or, in fact, did I have any communication from either the lender or the ... Read More »

                    I’d Like to Buy a House But I Can’t Get Approved Because of Delinquent Student Loans. – Hope

                    yard

                    “Dear Steve, I have had many delinquencies concerning student loans in the past. At one point in time I thought I was in deferment but obviously I was incorrect. So I show substantial deliquencies in 2006. I actually finished school in 2008 and loans were deferred until 6 months after I graduated. I started paying payments on regular monthly basis ... Read More »

                      Sick Daughter Led to Debt. How Can I Get Out of Debt and Not Hurt My Security Clearance? – Mike

                      top secret

                      “Dear Steve, My wife and I have about $65,000 in credit card debt. It started when our daughter was born 12 years ago with a severe rare medical condition. In order to stay up on medical bills, mortgage, utilities we resorted to credit cards to offset our income. Over the years this added up on us. We are not late ... Read More »

                        Should We Sell the Jeep and Lease the Mercedes Benz? – Evon

                        A 2011 Mercedes ML 350.

                        “Dear Steve, Have a upside down car sitting in my garage and cannot decide which way is best to get rid of it? I have a ML 350 that I am leasing for $674 per month. My lease is up 3/15. My husband has a Jeep Wrangler that we pay $405 per month. He owes $21,000 on it. He had ... Read More »

                          Single Mom of Three. No Child Support But Student Loans. – Lisa

                          Student Loan Corkboard Concept

                          “Dear Steve, I am a single mom of 3 with some college, am getting no child support, and several years ago made it three quarters through lpn school only to get booted out because I wasn’t fast enough in clinicals. I have a mountain of student loans. To top it off I work at Arby’s as a prep person. Is ... Read More »

                            My Ex-Husband Was an Ass and Left Me Loaded in Debt. – Rachel

                            Super Hero - Female

                            “Dear Steve, A couple of years ago my husband and I divorced. When we did so, I held most of the debt from our marriage in my name [he had terrible credit] however he was the one making a huge salary 90k+/year. Throughout our 10 year marriage I stayed home with our children [which I am extremely grateful for] while ... Read More »

                              I Can’t Get Any Information About Consult America. – Alfred

                              debt

                              “Dear Steve, Currently have $35000 in credit card debt. Unable to get a loan because debt ratio. Consult America has offered a credit card rate reduction program which will reduce my monthly payment from ~$900 per month to $670/month for a period of 36 months. They say my total debt wiil be reduced by $10,900. Does this seem ok? Haven’t ... Read More »

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