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Ask The Get Out of Debt Experts

We are in Our Late 60s, in Debt, and Afraid. – George

middle age couple

“Dear Steve, Married; living in Texas; age 67 & 66; owe credit cards about $60,000+; Social Security income = about $1500/month; part-time jobs = about $1200/month; own our home (house built in 1908 by great great-grandfather); current on all payments. (Debt is some medical and restoration expense of house to start a B&B that failed.) Main expenses besides utilities and ... Read More »

    How Can I Move My Debt Around to Pay It Off Faster? – Max


    “Dear Steve, I’m back again. This time with a different subject, though I’m still working on the other issue we talked about previously. So, I want a credit limit increase or a new card, though I already have 4 cards. I want to transfer my $6,000 Chase card balance with an APR to one of my no APR cards (2 ... Read More »

      Life After Bankruptcy: How to Quickly Have Great Credit and Dumb Mistakes to Avoid

      With a little education and guidance your life after bankruptcy will be awesome.

      So you filed bankruptcy. Congratulations on taking steps necessary to deal with your old debt and get the legal protection and fresh start you are entitled to under the law. Your journey isn’t over though. The best days are now ahead of you but you will need to take action to rebuild a better financial future. Below you will find ... Read More »

        We Want to Settle Our Second Mortgage That Charged Off. Is That Possible? – Michael

        Handshake with Money Sign

        “Dear Steve, I owe 490,000.00 on first mortgage and just finished 3 trials of loan modification with fannie mae for a much lower affordable payments. Dropping our interest rate and extending loan for 40 years. Payments went from 4,000 to 2600.00 . Our final papers have not come in yet to finalize. In the meantime we fell behind on our ... Read More »

          I Filed Bankruptcy 7 Last Year But Still Owe Parent PLUS Loan? – Kristin

          Financing a budget

          “Dear Steve, Please help…I filed Bankruptcy 7 last year but syill have a 80,000 parent PLUS loan…I have used the unemployment deferement and will try for economic hardship next….I just started receiving social sec for widower benefits just 800.00 a month Shall I just default onthe plus loan and let them take 15% OR just keep deferring or using forebearance ... Read More »

            We Spent All of Our IRAs And Still Deep in Debt in Hawaii. – Gayl


            “Dear Steve, Lost my good paying professional job 2 yrs ago. Have worked less than part time since due to chronic health issues and economy downturn. I’m 55; husband is 65. Spent savings on getting a shop built at our home so he could run his woodworking business at home vs paying high rent. Last year was lean…husband nor I ... Read More »

              Ohio Statute of Limitations for Old Student Loan Debt. – Maria

              College Tuition Expenses

              “Dear Steve, Teacher in OH- took out a student loan for $7500.00 in 1981. I thought that a law came into effect years ago stating that if by 2003 ( I believe that was the last date) your student loan in oh was at least 20 years old , that the statute of limitations expired. My SL is now about ... Read More »

                Sallie Mae Can’t Clarify Who is Really Responsible for My Student Loan. – Michele

                Screen Shot 2013-02-12 at 1.43.04 PM

                “Dear Steve, I was married and stupid enough to consolidate my 4% student loan with my now ex’s 11% student loans. Because I had over a 700 credit I became the primary. We are now divorced and the decree indicates for my ex to pay towards the monthly payment. That never happen! I paid the entire amount for 6 months ... Read More »

                  I Was Working With New Horizon to Settle My Debt. Can I Do It Myself? – Joann


                  “Dear Steve, I am working with a debt relief companyNew Horizon out of Florida. One of the credit card companies offerd me by mail a great payoff much less than I owe.Can I work independently to pay this off? Their contract is a bit threatening about they only dealing my credit issue. Can I pay off that account on my ... Read More »

                    I Signed Up With Credit Advocates Group. Has Anyone Had Luck With Them? – Debbie

                    Question Theme

                    “Dear Steve, Have alot of debt, was not behind on anything until this last month when I signed with this company. about 22,000 I recently signed up with a group called Credit Advocates Group out of Tamarac, Florida. I’m now concerned that they are not going to do what they say. I cannot find anything good on this company.. Do ... Read More »

                      I Went With Freedom Debt Relief and World Law Debt But Got Sued. – Kara

                      tired working woman

                      “Dear Steve, I made 2 huge mistakes regarding my credit. The first one was to call and find out about debt settlement companies. I had about $32,000 in credit card debt mostly from financing 2 direct selling businesses that went nowhere except in debt. I am working full-time as an RN in a hospital setting and was making payments on ... Read More »

                        I Went With Thomassen Law Group But Afraid I Made the Wrong Decision. – Judie


                        “Dear Steve, I have credit card debt and lost my job and then my husband lost his job. He had 2 heart attacks and cannot find a job. I contacted Thomassen Law Group and I thought I understood their process, but I am not sure now. They have been taking app. $600 a month out of my checking and put ... Read More »

                          We Are Currently in a Chapter 13 Bankruptcy. Where Can We Get a Loan? – Sherri

                          Magnifying Glass - Q&A

                          “Dear Steve, I applied for bankruptcy in Summer of 2011. I am wondering if it is possible to obtain a loan while you are currently in bankruptcy? My husband and I would like to do some work on our home and he will need a new vehicle very soon. The car he currently drives is in the bankruptcy proceedings, but ... Read More »

                            I’m Scared, Engaged, Pregnant and Terrified. – Alex

                            Sleepless woman

                            “Dear Steve, I got married in Sept 201 and unfortunately he ended up being the wrong person and abusive. I am still in the process of getting divorced. I racked up around 30k in credit card debt from the wedding and now for paying household and dily expenses on one income. I am living in the house which is still ... Read More »

                              My Citi Debt Was Split Between Two Debt Collectors. – Max


                              “Dear Steve, I’m back again. This time I talked to Citi about getting a higher limit because they offered me 18 months of no APR again on the same account. They said no because I had an account in collections. What do you do when you hear this? You freak out. Was my ID stolen? Did I forget something I ... Read More »

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