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Ask The Get Out of Debt Experts

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” Dear Seth, Let’s not get the solution ... 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 »

                  Can Direct Buy Hold Us to The Contract? We Want Out.

                  fist

                  “Dear Steve, We recently entered into a contract with Direct Buy. We singed a contract that showed the balance paid in full. Before leaving the building we were notified that the full amount did not charge through to our card. We told the representative to process the remaining balance the next day, assuming that it would go through. No adjustments ... Read More »

                    I Took Out a Student Loan to Cover Life Expenses and be a Mom. – Layla

                    oops

                    “Dear Steve, In 2008 I took out a student loan to help me pay for expenses and be a mom without exhausting myself doing it. I asked for $10000 and the guy convinced me to go with the full amount I was approved for which was $23000. I was not able to graduate and now they are knocking down my ... Read More »

                      Halo Debt Solutions Doesn’t Seem to Try Anymore. – Pablo

                      Speech Bubble - Q&A

                      “Dear Steve, Large amount of unsecured debt, unsold/unrented manufactured house on 1 acre rural IN with mortgage, renting in SC due to job transfer, car with loan, another without. Haven’t used credit for years, had used halo debt solutions for some good low settlements, not using them now since they don’t seem to try anymore. Does debt ever disappear completely ... Read More »

                        Got Student Loans While on Active Duty in Army. I’ve Defaulted. – Justin

                        military

                        “Dear Steve, 12 years of military service. 1 bad decision to get student loans while active duty. I have accrued some debt with student loans while on active duty and have defaulted because I am overseas and don’t have the info for the lenders and now Im afraid they are going to take my tax return when I have to ... Read More »

                          Cosigned for Sisters Car. Collection Company Put Bad Debt on My Credit Report. – Harriett

                          car loan

                          “Dear Steve, Collection agency have placed a bad debt on my credit report because I co-signed for my sister. I co-signed for a car for my sister. she lost her job and the car was repo, since i have received letters from the collection agency for this debt. During that time I was not aware that if something happen this ... Read More »

                            I Receive a 1099 for a Forgiven Student Loan. How Do I Pay the Taxes? – John

                            IRS

                            “Dear Jim, Parent plus loan forgiven in Permeant disability. Received 1099C for $53,000 Loan amount and $33,000 in Interest. How does one pay the taxes when the only income is SS Disability. John” John, First, you should confirm that the cancellation of debt income is taxable. The cancellation of debt (reported on Form 1099C) is income. However, the question always ... Read More »

                              Can Sallie Mae Garnish Wages and Tax Our Tax Refund Without Going to Court? – Kristen

                              closeup of a gavel on cash, from above

                              “Dear Steve, My husband and I live in West Virginia, and my husband went back to school to get his Master’s Degree in Media Studies (because he really wants a career in Film). He got his student loan through Sallie Mae. Anyway, he works for the state and isn’t paid what he’s worth. I’m currently unemployed, because we only have ... Read More »

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