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Ask The Get Out of Debt Experts

Can I Trust the National Advocacy Program to Modify My Mortgage?

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“Dear Steve, My wife’s home of over 2MM is deep underwater. Plus escalation rate has risen very, very high. HAMP program: I want to find out about the National Advocacy Program which tells me that my wife’s home of over 2MM can be adjusted to under 900K with a 2% rate. When I Google http://www.nationaladvocacypro… I see some good comments ... Read More »

    I Need an Honest Mortgage Reduction Company. – Sharie

    Real Estate Concept

    “Dear Steve, Dear steve I am trying to find out more about the hamp program and any other program that may be available to me. I’m desperately seeking an honest debt reduction program. Sharie” Dear Sharie, There are so many mortgage reduction scam companies out there that you are correct to be concerned about finding an honest company. Many try ... Read More »

      Hurricane Sandy Slammed Into My Finances. What Should I Do?


      “Dear Steve, Yesterday a very dear family member came over to ask for some debt advice. Because my husband and I are the only ones in the family with sound financials (we are both 30, live in Manhattan, have zero debt, and are about to buy an apartment where we are putting a minimum of 20% down with a less ... Read More »

        Can I Consolidate My Student Loans With Someone Other Than Nelnet? – Linnea

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        “Dear Steve, I have a situation that not many may be in, so I understand if you can’t answer my question. I worked and went to school, got my bachelor’s, and then did 3 semesters of grad work before dropping out. In total I had about $35k in loans. I was able to consolidate my loans and got a ridiculously ... Read More »

          I’m Going Back to London for a Job Interview. Will I Get Arrested at the Border? – Maya


          “Dear Jon, I have lived in London for few years,studied also.During that time i took a loan for 20,000 pounds and was paying it off for a year untill i got refused the work permit and also because all of that stress i got ill and had to go back home in one of the non EU countries… So after ... Read More »

            Can I File a DRO From Outside the UK?


            “Dear Jon, I have debt of 10K in UK. I took up these loans thinking I could repay them in due course of time.Although I did paid up for the 3 consecutive loan installment as I was earning. But due to change in visa rules I was forced to leave job and cldnt find another job ultimately I had to ... Read More »

              Will I Be Arrested Trying to Leave the UK With Debt? – John


              “Dear Jon, I am currently international student and will be leaving the country towards the middle of 2013. I currently owe £400 to the banks and £196 on an unpaid mobile contract bill. As it has been more than 60 days since I’ve repaid both, I am assuming that my credit score and information has been circulated to the credit ... Read More »

                I Was Studying in England But Had to Return to Greece. I Left Debt Behind.


                “Dear Jon, I am a Greek citizen and 3 years ago (mid-September 2009) I started a course at an English university. Due to some personal problems I had to return in Greece only after a month or so (October 2009), so I cut my course short. I had a student loan accepted, but I had the right to cancel the ... Read More »

                  If We Have Good Credit But Not Getting Anywhere, is Bankruptcy an Option? – Chris

                  Business Meeting

                  “Dear Steve, My husband and I have about 60K in a combination of personal and failed business debt, but otherwise have sqeaky clean credit. We do not own our home and would like to as soon as possible. Our problem is that we have been paying near $800 a month on debts every month for the past 3 years and ... Read More »

                    Crescent Bank and Trust Repossessed My Car. – Yolanda

                    tow truck

                    “Dear Steve, My vehicle was repossessed by Crescent Bank and Trust which is a second chance bank. I was never notified by the bank that my vehicle was going to be repossessed. Is it required for the bank to contact me by mail or phone before taking my vehicle in the state of Texas? I moved from my prior residence ... Read More »

                      My Husband Has a Traumatic Brain Injury and His Spending is Out of Control. – Laura

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                      “Dear Steve, I am asking the best way to deal with the credit card companies. My husband suffered a traumatic brain injury due to a car accident years back before we met. I was unaware of the severity of the damage to his frontal lobes (in fact he has none) and was unaware of the severity of the obsessive compulsive ... Read More »

                        The Debt Collector Says They Are Going to Garnish My Wages on an Old Student Loan. – Kim

                        Student Loan Corkboard Concept

                        “Dear Steve, Defaulted student loan; collectors after me; breaking many laws such as harassing me at work etc; no validation notice within 5 days of contact etc. How soon after initial contact from collection agency can they garnish my wages. My angle here is to not panic, do LOTS of research, have my ducks in a row, be smarter than ... Read More »

                          The 1st United Mortgage Consultants Took My Money and Did Nothing. – Anthony

                          Abandoned room

                          “Dear Steve, We signed up with 1st United Mortgage Consultants to take care of our mortgage and debt. The said it was a 4 month program. We have lost about $1800, to them for the first two month and now you call thier number and you get a apartment complex in Maryland. What is the story on this company and ... Read More »

                            Why Did the Credit Union Report My Forgiven Debt on a 1099C? – Anthony


                            “Dear Jim, I took a personal and car loan out from a federal credit union was unable to pay. Just spoke to IRS they had me setup payment arrangement & told me that i might not owe because bank did a 1099c. Supposedly it was reported as earned income,but this is the first time I’ve heard about it. If i ... Read More »

                              I’ll Be Committing Suicide Next Month Because of My Student Loans. – Bradley

                              Student Loan Corkboard Concept

                              “Dear Jon, Student – Due to illness will be commiting suicide early January If a student with pretty much no estate other than a tv and an xbox was to give said “tv and xbox” away as christmas presents. Then, took out £500-£10,000+ from these various payday loan companies at the maximum amount and time period to pay back (So ... Read More »

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