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Ask The Get Out of Debt Experts

How Do I Deal With My Old Debt I Owe? – Sarah

"Credit rating" handwritten with white chalk on a blackboard

“Dear Steve, I am looking to improve my credit score which is around 600 now. I currently have a judgement against me that I am working to settle on, but I have credit card and medical debt that is also hurting my credit. Some of my debt is over 7 years old, and I am going to write the credit ... Read More »

    How Can I Protect Myself From Being Sued Over a Bounced Check? – Carl

    Check - Bad

    “Dear Steve, How to protect myself from being sued by a private out of state bank for a check I deposited into my account from an individual that bounced after I had already closed my account not knowing the check would bounce. I have no money or assets and am currently living with relatives on unemployment. Or what should I ... Read More »

      Our Cash Call Payday Loans Are Sending Us Back to Bankruptcy. – SEL

      payday loan

      “Dear Steve, We have been out of bankruptcy for 1.5 years I feel like I am heading back there and don’t know what to do.. Please give me some advice My husband and I both have loans with Western Sky which were in turn sold to Cash Call.. We pay 600.00 a month for both loans.. Unfortunately he has taken ... Read More »

        Between the Autism, Arthritis, Legal Bills, and Myasthenia Gravis We Are Drowning in Debt. – Jose

        Desperate

        “Dear Steve, I’ve been in custody battles for my stepchildren for the last 6 years. We finally got full custody of the kids last April, after 3 attorneys and about $30,000.00. We still owe about $20,000 to them. When we first started the court process we had no money and I made a withdrawal from my 401k (TSP – I’m ... Read More »

          Can I Get Rid of My Mortgage in Bankruptcy and Keep My House? – Kim

          Bankrupt

          “Dear Steve, I am a single mom of three who teaches for a living. Teachers have not had a pay raise in 5 years but interest and living expenses continue to rise. I am trying very hard to pay all of my debt but it seems like something comes up all of the time that causes me to get behind ... Read More »

            My Husband Took Out a Loan Between Our Marriages. Am I Responsible? – Casey

            Divorce papers and cash with misc items

            “Dear Steve, My husband has loan in his bank. He made this loan after our marriage but my name wasn’t there. He did it by himself. And he has apartment lease balance also. only his name is in the lease and my name is just an occupant. I live in state of Maryland. Because he made the loans in between ... Read More »

              How Do I Cancel My Contract With Debt Defense Service I Just Signed Today? – Ed

              Question Theme

              “Dear Steve, Owe approximately $35,000 to credit card companies . I’m 68 yr old on ss. I was paying until i assisted a family member. I am 5-6 month behind. I signed a contract with debt defense service today’ 1-10-13. I would like to cancel. How do I do that? Ed” Dear Ed, Regarding your financial situation, you are a ... Read More »

                My Stepmother Turned Over My Forgiven Loan to a Collection Agency. – Cathy

                closeup of a gavel on cash, from above

                “Dear Steve, Several years ago my stepfather finally remarried after he and my mother divorced more than 10 years earlier. A few years later I was having a hard time and was between jobs. My stepfather offered to make me a $2000 loan to catch up on bills; he said it would have to be paid back monthly, starting when ... Read More »

                  Can a Land Trust Bring a Lawsuit Against a Mortgage Holder? – Lyndha

                  Real Estate Concept

                  “Dear Steve, Why isn’t the Land Trust a valid instrument to be used as a vehicle to quiet title and bring a lawsuit against an unscrupulous mortgage holder? Lyndha” Dear Lyndha, First off, you’d have to direct any specific legal question to a lawyer that is licensed to practice law in the state you live in or your property is ... Read More »

                    Sallie Mae Made Me an Offer to Settle My Student Loan Debt for Half. – Maria

                    Ready to Collapse

                    “Dear Steve, I have student loans dating back to 2000. I recently got an offer from sallie mae to reduce my principal(104,000) by half(55,000) and then make equal payments for 94 months. Would this affect my credit score. Will it be better for me to keep paying for 17 years my debt? Maria” Dear Maria, That’s a pretty nice offer. ... Read More »

                      A Guy Keeps Calling And Says He Has a Summons for Me About Some Debt. – Stefannie

                      White Collar Criminal

                      “Dear Steve, Private number keeps calling saying there has been a summons for me. He states I can call the company at 866-239-0475 and settle out of court. He also claims he as on e was to my work. I didnt call back BC when I Google the number it led to a scam. The guy also called my work ... Read More »

                        Married, 3 Kids, Husband Has Cancer and Trying to Refinance Mortgage. – Anna

                        yikes exclamation

                        “Dear Steve, Married has 3 children and a husband who has a cancer.I’m the only one working and my husband’s SSS was freeze for overpayment ,that made it harder for our finances . I used credit card for most of our bills for payment and now waiting for my bank ( Bank of America ) to process my refinance for ... Read More »

                          I’m Upside Down on 30 Year Interest Only Mortgage and Medical Debts. – Scott

                          Magnifying Glass - Q&A

                          “Dear Steve, Upside down with home of more than $130,000 in Florida. Two loans, second being a HELOC at time purchase to avoid original PMI with Countrywide. BOA bought Countrywide and then sold second to Greentree. 30-year interest only at 6.625 on first and 8.125 on second. BOA will not work with with me as DTI is approximately 21%. This ... Read More »

                            Retired From the Navy and Now Can’t Sleep Because of Our Debt. – Elio

                            Navy

                            “Dear Steve, I am so glad to have come across your website. I am presently in a situation for which I need help. I have recently retired from the Navy. Unfortunately my income has dropped by approximately 70% and my expenditures have increased, i.e. monthly co payment/deductibles for Health/Dental insurance. I thought I could manage all my obligations as soon ... Read More »

                              I Can’t Get a Private Student Loan to Finish My Nursing Degree With a Tax Lien. – Shelia

                              education

                              “Dear Steve, In February 2012 I filled for an Offer In Compromise with Georgia Department of Revenue. I am a nursing student and I am not employed. I received a call from the State Department wanting me to make payment arrangements for $50.00. I explained that paying $50.00 a month will cause a hardship and is not feasible since I ... Read More »

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