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Ask The Get Out of Debt Experts

How Can I Restructure My Debt in the UAE. My Bank is Threatening to Call the Police.

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

“Dear Jon, I had an issue with my bank in November 2011 to whom im transfering my salary as i have a personal loan when they accused me that i have an unpaid credit card from 2009. i had a card in 2009 and repaid it all, but lost the clearance letter. so the bank took my salary for 2 ... Read More »

    Will I Be Arrested When I Reenter the U.S. Because of My Bad Debt?


    “Dear Steve, I am Turkish citizen. I stayed five years in the States for master and doctoral education. I had a scholarship from my government and was together with my three kids and wife. Only one semester, I worked in campus as a research assistant and got a social security ID. After graduation I came back to my country and ... Read More »

      Should I File Bankruptcy at the Risk of My Family?

      Road to Recovery Sign

      “Dear Steve, 2005 I earned a few hundred thousand I could invest. Being young I took a risk, I provided a bridge loan of $135,000, Prepared by and attorney. In the same year I loaned the money the loan defaulted. So I wrote off the loan through the advise of an attorney and accountant. I was audited by the IRS ... Read More »

        Should I Buy a Shelf Corporation to Start a Business? I Have Bad Credit.

        Question Theme

        “Dear Steve, I’m starting a new business with poor credit and I was wondering if I should purchase one of these shelf corporations. Are the purchase of shelf corporations legal?” Having been in business for a long time and having formed companies in more than one country I can tell you that I simply can’t see any value in buying ... Read More »

          My Social Security is Being Garnished Over an Old SBA Loan. – Carrie


          “Dear Steve, Home and business was damaged during Katrina. got a SBA disaster loan. paid monthly notes. they were 3rd lienholder. 1st lienholder foreclosed on us. he did not notify SBA about the foreclosure. we did and sent names, addresses, phone nos,and documentation of all concerned. he bought the property back at the land sale and resold it within two ... Read More »

            Mortgage Mailer is a Sales Job to Sell You a Lie

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            “Dear Steve, Received this mailer offering to reduce my principal by $75k and get me a 2% interest rate. Has NO name, address, fax, or website. Phone # 877-264-8115. When I Googled that #, your site came up as evidently someone in the Comments section mentioned a solicitation with that #. It’s disturbing that an attorney’s office can violate so ... Read More »

              We Incurred the Debt So We Think We Must Pay It Off. – Kelli


              “Dear Steve, Decent credit with too much debt..need to know the best option for getting out of debt. My husband and I have accumulated about $40,000 in credit card debt, and while we are able to keep up the minimum payments for now I don’t see us being able to in the future. We want to get out of debt ... Read More »

                My Ex-Husband Was Supposed to Pay Some Debts But They Are Coming After Me. – Kate


                “Dear Steve, I went through a divorce in which I cold not get my name off of the mortgage. My ex husband said he wanted to continue living in our house, so I moved out. Several years later, he let the house go ino foreclosure. I was so upset and disgusted over this that I stopped paying back other bills ... Read More »

                  I Want to Take Cash Out of My House to Pay My Debt. – Bruce

                  Couple Buying House

                  “Dear Steve, I live in Northern California and have approximately 90K in credit card debt and need help badly as we’re having trouble making ends meet! If possible I don’t want to file BK I make approximately 125k a year and my wife has been unable to work the past 4 years due to medical issues. We currently own a ... Read More »

                    Our Credit is in the Crapper. Should We Go With MMI? – Nannie

                    shopping addiction

                    “Dear Steve, I am contemplating whenter or not I should sign up with MMI–Our credit is in the crapper, due to over 4 years of underearning. I finally got a job, my husband’s job is also steady and still we cannot manage. I had to take a long look at things and realize that we need extra help in terms ... Read More »

                      What Will Happen When if I Stop Making the Second Mortgage Payments? – James


                      “Dear Steve, We currently have a first and second mortgage. The first Mortgage is with Citi Bank and we owe about 160,000. The second is with America Servicing Company which is a subsidiary of Wells Fargo. We owe 140,000. The house is probably worth about 300,000 give or take. We are having a problem making the second mortgage payments. I ... Read More »

                        Is There a Good Loan to Use to Get Out of Debt? – Amanda


                        “Dear Steve, Completly in debt due to being young and stupid. was married; got divorced, not reciveing child support, etc I am trying to find a way to imporove my credit score and pay off old debts. i was told a GOOD (get out of debt loan) Loan may be an option for me; I was told that the loan ... Read More »

                          Will Capital One Take My Truck and Tools? – Chuck


                          “Dear Steve, I am 74 I get SS. I got behind when the economy fell in 07-09, lost my job I have a private work shop that I do side work out of for extra income, not reported I have an old truck 38 years old and a 92 car. My SS goes into bank account. I got served a ... Read More »

                            Nation Wide Consumer Debt Relief Took My Money and Did Not Refinance My Student Loans


                            “Dear Steve, it has been over 5 months I have paid NWCDR $1500 to refinance my student loan. Nothing happened so far, and all emails I am sending them is coming back to me. Unfortunately this is SCAM….. Mr Blackmon called me in January since then no phone calls and his email address is not working. I have paid him ... Read More »

                              Do Not Avoid Bankruptcy – 14 Reasons

                              Avoid Bankruptcy Monster

                              Avoid bankruptcy is advice you will often hear in the debt relief world. Companies, from non-profit credit counselors to for profit companies use that advice, sometimes well intentioned, and sometimes just to manipulate you. Companies that use the advice that consumers should avoid bankruptcy are simply amplifying the ingrained fear and prejudice that many have about bankruptcy. But fear and ... Read More »

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