Home > Ask The Get Out of Debt Experts (page 80)

Ask The Get Out of Debt Experts

I Had to Leave Debt in the UK to Return to India. – Purvi

uk

“Dear Jon, I am an Indian who lived in UK for close to 6 and a half years. I was a student initially and then worked on a post study work visa for 2 years. I have lived my life in UK, with dignity and respect in all these years. In june 2012, I had to return back to India ... Read More »

    How Does Debt Settlement Work? – Seth

    No problem

    “Dear Steve, My parents really need to figure out some way to get out of Debt. I just heard of a debt settlement. How do debt settlements work? And do you advise using them? Or should they just go with a debt consolidation? They have good credit, but really need a solution. Seth” Dear Seth, Let’s not get the solution ... Read More »

      My New Husband Says Bankruptcy is Out of The Question. He’s Against It. – Susan

      stressed

      “Dear Steve, I have credit card debt of about $12,000 on top of my student loans which total about $22,000. I am not proud of the situation I am in. Living on my own and going to school (and being young and dumb) I used credit cards to get by and now they seem like they are never going anywhere. ... Read More »

        Can Direct Buy Hold Us to The Contract? We Want Out.

        fist

        “Dear Steve, We recently entered into a contract with Direct Buy. We singed a contract that showed the balance paid in full. Before leaving the building we were notified that the full amount did not charge through to our card. We told the representative to process the remaining balance the next day, assuming that it would go through. No adjustments ... Read More »

          I Took Out a Student Loan to Cover Life Expenses and be a Mom. – Layla

          oops

          “Dear Steve, In 2008 I took out a student loan to help me pay for expenses and be a mom without exhausting myself doing it. I asked for $10000 and the guy convinced me to go with the full amount I was approved for which was $23000. I was not able to graduate and now they are knocking down my ... Read More »

            Halo Debt Solutions Doesn’t Seem to Try Anymore. – Pablo

            Speech Bubble - Q&A

            “Dear Steve, Large amount of unsecured debt, unsold/unrented manufactured house on 1 acre rural IN with mortgage, renting in SC due to job transfer, car with loan, another without. Haven’t used credit for years, had used halo debt solutions for some good low settlements, not using them now since they don’t seem to try anymore. Does debt ever disappear completely ... Read More »

              Got Student Loans While on Active Duty in Army. I’ve Defaulted. – Justin

              military

              “Dear Steve, 12 years of military service. 1 bad decision to get student loans while active duty. I have accrued some debt with student loans while on active duty and have defaulted because I am overseas and don’t have the info for the lenders and now Im afraid they are going to take my tax return when I have to ... Read More »

                Cosigned for Sisters Car. Collection Company Put Bad Debt on My Credit Report. – Harriett

                car loan

                “Dear Steve, Collection agency have placed a bad debt on my credit report because I co-signed for my sister. I co-signed for a car for my sister. she lost her job and the car was repo, since i have received letters from the collection agency for this debt. During that time I was not aware that if something happen this ... Read More »

                  I Receive a 1099 for a Forgiven Student Loan. How Do I Pay the Taxes? – John

                  IRS

                  “Dear Jim, Parent plus loan forgiven in Permeant disability. Received 1099C for $53,000 Loan amount and $33,000 in Interest. How does one pay the taxes when the only income is SS Disability. John” John, First, you should confirm that the cancellation of debt income is taxable. The cancellation of debt (reported on Form 1099C) is income. However, the question always ... Read More »

                    Can Sallie Mae Garnish Wages and Tax Our Tax Refund Without Going to Court? – Kristen

                    closeup of a gavel on cash, from above

                    “Dear Steve, My husband and I live in West Virginia, and my husband went back to school to get his Master’s Degree in Media Studies (because he really wants a career in Film). He got his student loan through Sallie Mae. Anyway, he works for the state and isn’t paid what he’s worth. I’m currently unemployed, because we only have ... Read More »

                      My Credit Score Sucks. How Can I Make It Better? – Thomas

                      "Credit rating" handwritten with white chalk on a blackboard

                      “Dear Steve, I have a great job $80k a year, two kids and a wife who watches the two children destroy our home all day. I’m 28 and all of my debt is a whopping $500 or so. The debts are from companies like At&t they claim I didn’t return my equipment (I did), so I refused to pay them ... Read More »

                        My Car Was Stolen and I Got a 1099 for the Amount Written Off. – Darrin

                        Big Bad Burglar

                        “Dear Steve, In 2005 I had a vehicle stolen. My insurance paid the “value of the vehicle” to the lender, however there was $1,000 not paid. After much back and forth with the insurance agency and the lender the lender decided to write off the debt. Now January 2013 I received a 1099 for the year 2012 from the lender ... Read More »

                          Diagnosed With Cancer, Income Dropped, and Deep in Debt. – Betty

                          'Cancer' highlighted in green

                          “Dear Steve, Household income dropped in 2009 by $75,000, during that time I was also diagnosed with cancer, thus, medical bills on top of everything else. Now I find myself with $55,000 in credit card debt and yes, I am making minimum payments but that’s it. I have talked with a couple of different debt relief agences, both debt settlement ... Read More »

                            I’m Being Sued Over a Bill My Ex-Husband Has For Car Repairs

                            Divorce papers and cash with misc items

                            “Dear Steve, I received a letter in the mail from a car repair shop stating that they were taking me to court over an old repair bill of my ex husbands. We were divorced August of 2011 and it was decreed that we each pay half this bill. After the divorce I talked to my ex about it. I told ... Read More »

                              I Can’t Afford My Car Payments Anymore. Should I Give the Car Back? – Jon

                              Cheerful female driver huging her new car

                              “Dear Steve, Bought a used car when working, now no longer working and can barely make car payments. While I was working I could afford to make a close to $300 car payment. Now I’m no longer working and I really need to unload this car even though as much as I love the little car, Due to credit card ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                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.

                                I promise to keep your email safe and secure.