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Ask The Get Out of Debt Experts

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 »

                        My Husband Died Owing Medical Bills. Can They Take Our Tax Return? – Theresa

                        Isolated wings

                        “Dear Steve, My husband passed away in July. He didn’t have an estate or life insurance. He has 2 outstanding medical bills. Will they be able to take any of our tax return. The bills have not gone to collections yet. Help!!!!!!!!!!!!!!!!!!!!! Theresa” Dear Theresa, Creditors can only look to his estate for collection of his debts. If you have ... Read More »

                          Can the Creditors Extend Our IVA Even if We Have No Equity in Our House? – Ken

                          3D Iva button block cube text

                          “Dear Jon, My wife and I are in an IVA and have made all the payments for the last six years. We have no equity in our house at this point. Can the creditors extend the Individual Voluntary Arrangement to eight years to make up for the lack of equity in our house? Ken” Hi, Have you discussed this with ... Read More »

                            We Are 65+. Our Business and Personal Real Estate Investments Have Tanked. What Should We Do? – Lou

                            New Construction

                            “Dear Steve, We have in the process of loosing everything after 45 years of working. Our real estate ventures in AZ plunged us in to a financial crisis when the market crashed. We continued to throw money at all the properties thinking & hoping the market would come back which it has not. Fast forward — now we are faced ... Read More »

                              I Want to Get a Student Loan to Improve My Credit Score. – Eli

                              "Credit rating" handwritten with white chalk on a blackboard

                              “Dear Steve, I have a great credit score (mid-700’s), nothing negative in my credit history, 10 year credit history, 10 open credit cards, have paid every single credit card bill in full on time my entire life, 2 car loans, mortgage. With interest rates at historic lows, I’m looking to refinance. However, I’m finding that I can’t get the best ... Read More »

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