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Ask The Get Out of Debt Experts

So You Are Going to File Bankruptcy. That’s Good News. Congratulations.

The decision to file bankruptcy should be a celebration.

Here is something you don’t expect to hear people say, “If you file bankruptcy your life will get better.” Well, I did file bankruptcy and my life did get better. Within three years after our bankruptcy we had purchased a house and before that had rebuild great credit using secured credit cards. In fact for me, my financial failure and ... Read More »

    I’m So Afraid, Scared, and Ashamed About Bankruptcy. – Jack

    afraid alone

    “Dear Steve, I’m 75K in credit card debt. My take home pay is 3136 a month. My monthly expenses plus credit card bills equals 3172. I have $900 in savings. This doesn’t include my $5100 tax bill due in 6 months or groceries. I’ve been barely able to make ends meet and I put groceries on my cc. Now I ... Read More »

      I Have Great Credit But Where Can I Get an Unsecured Debt Consolidation Loan? – Tony

      Happy people celebrating with money raining

      “Dear Steve, I have 3 credit cards, all maxed out : $18000 at 29.99% interest, one for $23000 at 15% interest, and the other is $6000 at 10% interest. I pay my credit card statements on time every month, I haven’t missed a payment but yet the credit union and personal bank decline my debt consolidation loans and I have ... Read More »

        I Got a 1099 for a Debt Care One Was Settling for Me. – Ilene

        1099C

        “Dear Steve, I recieved a 1099 C from a bank credit card that I purchased in 2008. I lost my job and could not pay it until 2010 and I put the card on Care One which is a debt settlement service. I lost my job again in 2010 after paying to care one for a full year. They turned ... Read More »

          My Husband is Horrible About Dealing With Money. Grand Schemes and Debt is All We’ve Got. – Marie

          Super Hero - Female

          “Dear Steve, My husband and I are married for 4 years now, have 2 kids and one on the way in a few months. When I married him he made it seem that he is financially stable and ready for a family. But when his cash cow business was shutdown right before we got married things spiraled into insurmountable debt. ... Read More »

            Should We Deal With Our Old Debt or Use Our Cash to Build a House? – Shane

            New Construction

            “Dear Steve, newly wed 30yo male. i have around 95k in debt…. Around 70k is student loans from sallie Mae. 30k of which is co signed for my wife and her brother. all of which have defaulted…..The rest is made up of a reposessed vehicle 4 yrs ago..15k.. And various credit cards maxed out. 10-12k.my wife and I have been ... Read More »

              I’m a High School Student. How Do I Stay Out of Debt? – Eliz

              beautiful girl on stool with laptop

              “Dear Steve, I’m a sophmore in High School in Idaho USA , I have a job that i work at least 6 hours on friday and saturday at minimum wage (7.25 in Idaho I believe) and I have been saving 100 dollars each paycheck that I recieve every 2 weeks in savings in my bank account. I have a debit ... Read More »

                I Attended Crown College With Sallie Mae Loans But They Closed Without Giving Me My Degree.

                abandoned

                “Dear Steve, I attended Crown College out of Lakewood WA. It was an internet college and the course was Law Enforcement…; I told them I wanted to get a Masters in the subject eventually so that perhaps I could teach eventually. They said they only offered and Associates in this field and the credits were transferable and I could pick ... Read More »

                  What is the Best Way to Refinance Our Florida Mobile Home Mortgage Loan? – Charlene

                  mobile home

                  “Dear Steve, I live in north florida. I would like to refinance my mobile home. I work full time and so does my husband. We have our mortgage with Greentree. I would really really like to refinance with another company. We have fallen behind on our mortage due to my husband being in a work related accident. He was out ... Read More »

                    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 »

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