Latest Posts
Home > Ask The Get Out of Debt Experts (page 63)

Ask The Get Out of Debt Experts

I Got a 1099-C and My CPA Says I Have to Pay Taxes On It

1099C

“Dear Steve, I’m confused now. I just had 1099-c sent that canceled out 51,000.00 of debt (30,000.00) from one creditor who never even called me, or sent nasty emails. The rest was the balance from other cards I settled for much lesser. I just went to my cpa and found out I owe 19,000.00 in taxes to the irs for ... Read More »

    As an Employer Do I Really Have to Garnish My Employees Wages for a Student Loan Debt? – Mike

    money

    “Dear Steve, Just received an Order of Withholding From Earnings for one of our employees, from ECMC in regards to student loans the employee apparently defaulted on. There is reference to Federal Law and threat to the Employer if we don’t granigh 15% of the employee’s wages. I’m not familiar with this Company and their rights to do this. Can ... Read More »

      I Do Not Want to File Bankruptcy and Want to Avoid Credit Cards Forever. – Carin

      process

      “Dear Steve, I am a high school teacher-same school 24 years. We had a house fire 4 years ago, fought insurance company, ran up credit cards, then paid them all off. Then my husband’s job was disappeared; found a new one-not paid; now fighting the owner for non payment, looking for another. Credit cards maxed out. I want to pay ... Read More »

        Is Resolution Law Group a Scam? We Are Thinking of Using Them. – Kersandra

        detective

        “Dear Steve, Mortgage issues: We recently refinanced with Sunbtrust Mortgage and is their a bank we can refinance our 2nd Martgage because Suntrust say the 2nd is with a private investor and will not refinance. My husband and I contacted the Resolution Law Group, P.C. of Greenwich, CT through one of their advertisement. My question is: is this a legitiment ... Read More »

          Will I Be Able to Buy a Car After Bankruptcy? – Gina

          buying car

          “Dear Steve, I am in the process of filing it will take place soon as I am done paying off attorneys fees , This is for a chapter 7..I got sick back in 08 and was unable to pay my credit cards ..so since then there are huge interest fees attached..and everything is in collections… I will want to buy ... Read More »

            My Husband is a Poor Money Manager and We Never Get Ahead. – Anne

            contemplate

            “Dear Steve, My husband and I have been together for 30 years. We have poor money management skills even though our combined income is about $105K we never seem to have enough money available to pay or living expenses in total each month. I have always made more than my husband and have I’ve never been unemployed where he has ... Read More »

              Social Security is Garnishing My Benefits for an Old SBA Loan. What Can I Do? – Berhan

              In God We Trust

              “Dear Steve, I will turn 70 in 45 days. After I lost my business and employment I am leaving on a fixed income that I draw from SS and my wife’s earnings. My company defaulted on $48,000 SBA loan that I am a guarantor. My social security payment has been deduced By 15% ($225.30 per month) to pay the SBA ... Read More »

                I’m Unemployed, Looking for a Debt Consolidation Loan, and Paying Bills From IRA. – Becky

                stressed woman

                “Dear Steve, Consolidating debt to avoid high interest rates or deplete 401K. Have taken on about $50K in credit card debt and have secured mostly 0% interest rate cards that are coming due over the next several months. I have depleted my brokerage savings but still have an IRA and 401K that I could tap into that would just barely ... Read More »

                  Military Spouse Annuitant Gets SBP With DIC and SSIA

                  Writing Q&A, Questions and Answers on a blackboard.

                  “Dear Jim, Military spouse annuitant account. Receives SBP with a DIC offset also SSIA. Where do I report this income? Mike” Hi Mike: I do not have much experience in annuity payments to military spouses – but here is what I could find and some preliminary sites to read: DIC is tax free SBP is taxable as pension income-will be ... Read More »

                    Did UFAN and Kristin Crone File Bankruptcy? – Andrew

                    oops

                    “Dear Steve, I have a large judgment against UFAN and Kristin Crone but both have declared bankruptcy. At any point did you have information about their malpractice carrier? Apparently having insurance is optional in CA, and the bankruptcy trustee has been unable to identify a carrier. Andrew” Dear Andrew, I had no idea they had filed bankruptcy. I did go ... Read More »

                      Is This Unsecured Debt Consolidation Loan the Best Way to Pay Off My Credit Cards? – John

                      couple working

                      “Dear Steve, Have numerous cards ( 3 standard visa cards , 2 store cards, gas card) most of them close to being to max limit. I make the monthly payments on time and have been for years. However the interest rates on them are really high on a few and was wondering if doing the unsecured consolidation loan was the ... Read More »

                        I Want to Improve My Credit and Get a Mortgage With My New Wife. – Devin

                        Couple Buying House

                        “Dear Steve, Although I have made great strides in the last 4 years, I brought a poor credit history and score to our marriage (married for 5 months). My wife, whose name is on our mortgage as she owned our home prior to our marriage, is happy and proud of the work I’ve done to raise my score from 590 ... Read More »

                          Military Debt Management Agency MDMA Hits Military and Consumers for Student Loan Help

                          Screen Shot 2013-02-07 at 2.23.51 PM

                          A tipster (send in your tips here) sent me a fee schedule from the non-profit credit counseling group Military Debt Management Agency (MDMA) in Florida. The reader was concerned that this non-profit 501(c)3 IRS approved charity that is supposed to be helping military members and general consumers was taking advantage of those with federal government student loan debt, by charging ... Read More »

                            Will The Fairness for Struggling Students Act Allow Me to Discharge My Private Student Loans in Bankruptcy? – Lexi

                            stressed-woman

                            “Dear Steve, I owe $25,000 in credit card debt and over $120,000 in student loan debt. Half are federal loans and half are private loans. I am a single mother of two little ones and the reason for my debt was mostly due to my failed marriage and going to an expensive school. I am getting ready to file for ... Read More »

                              I’m Falling Behind on My Other Bills to Keep My Payday Loans Current. – Rebecca

                              top secret

                              “Dear Steve, I have 2 payday loans 1 for $650 w/a local loan service and 1 for $750 with a online company. I’m current on my payments with both (online company withdraws from my bank acct) but I’m only able to pay the minimum balance owed and I’m falling behind on all my other bills. It seems like I’m paying ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.