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Ask The Get Out of Debt Experts

Should I Consolidate My Student Loans Into a Variable Rate Loan?

loan-approved

“Dear Steve, I graduated in 2008. I’m still paying down student loans, often more than the minimum payment. I have a mix of private and federal loans at varying interest rates. Would consolidating my student loans into a loan with a variable interest rate be beneficial? How long will the interest rate likely remain low? Is there anything in particular ... Read More »

    I Got Married and My Husband Got Laid Off

    beautiful girl on stool with laptop

    “Dear Steve, I’m working full time and earning 46k annually. I got married this past spring and then my husband was laid off in June. His unemployment benefits are lower than his previous income and he is missing due dates every other month. We have barely been married long enough to merge bills but I’m scared because he already has ... Read More »

      I Don’t Want My Student Loans to Hurt My Credit Report

      Businesswoman leaving office after being laid off carrying box o

      “Dear Steve, I owe $17,000 on my student loans. I have been able to make the payments each month, but I just learned that I will be soon losing my job. I don’t have an emergency fund and I will not collect enough on unemployment to make the payments with my other expenses. What is the best course of action ... Read More »

        Student Loan Service Managers Consumer Agreement Review

        kiten hiding

        “Dear Steve, Can you look over this agreement Student Loan Service Managers Sent Me? Anonymous” The Answer Dear Anonymous, I’m happy to look over the agreement for you and give you some feedback. Keep in mind I am not a lawyer and can’t provide you with any legal feedback. All I can do is read it like a friend and ... Read More »

          I’m Willing to Go Back to Dubai to be Arrested Over My Debt

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          “Dear Steve, I had been living in Dubai for nearly 8 years and maintained a great job and income. Whilst there, my ex wife and I also brought a property and eventually sold the property after the recession hit. All in all, had never been in any trouble or debt. I then took out a C.Card with FGB and after ... Read More »

            My Federal Student Loan Payments are Getting Tougher to Make

            process

            “Dear Steve, I have 11 federal student loans totaling just over $55k. (DI Special subcns, DI Special UnSubcns, Stafford subcns, and Stafford unsubcns loans) see attachment These are loans for my undergraduate & graduate degree. To date, I have not been delinquent in any fashion. Also, I have a good credit score rating, over 730. I have found it more ... Read More »

              Should We File Bankruptcy on Our Student Loan Judgment?

              stressed-woman

              “Dear Steve, We have three student loans right now worth a significant amount of money. One of those creditors took legal action against us last year and won their judgement against us. We are waiting for wage garnishment against us to appeal that as we aren’t even in the state where the court awarded the judgement any longer. How long ... Read More »

                I Have a Consolidated Parent PLUS Loan I Need to Find Relief For

                begging

                “Dear Steve, I have a consolidated federal parent plus loan for my daughter in the amount of 29k. I have been paying for 7 years is there any relief for me anywhere? I am 61 years of age. Elaine” The Answer Dear Elaine, There is so much unknown from your question. Please feel free to post updates in the comments ... Read More »

                  Foreclosure and Bank of America Walked Away From My Mortgage

                  Abstract Image of Business People Walking on the Street

                  “Dear Michael, We were flooded in 2008. Countrywide agreed to an extension during rebuild adding payments to end of loan. They then sent paperwork back with VOID written in sharpie. We were denied any modification, etc. This went on for 4 years. We sent in payments, they sent them back. The house went into foreclosure and a deed of foreclosure ... Read More »

                    If You Used Your Private Student Loans for Stuff Other Than Tuition, Read This

                    Attractive red-haired female reading a manual before do-it-yours

                    “Dear Steve, I have both private and federal student loans. My private loans make up about 3/4 of my student loan debt which is around $36k. I fell for the whole, “wait until you graduate to deal with your loans” advice my school and others gave me. I definitely regret that now!! I saw in an article today that you ... Read More »

                      We Are Moving Out of America. Can We Just Leave Our Student Loans Behind? – Anouck

                      netherland fields

                      “Dear Steve, I’m a Dutch citizen, my husband is a US citizen. He has federal student loans on his own (approx. $20K), and I co-signed for his private student loan with Sallie Mae (aka The Devil) for about $40K. We have filed for Chapter 13 and are currently not making payments. We are planning on moving to the Netherlands (most ... Read More »

                        I’m in Dubai and My Debt is Way More Than My Income. – Ami

                        dubai-beaches

                        “Dear Jon, I’m staying in Dubai for 5 years, I wasn’t have any debt until last year for some family reason, now with only 6000 salary I end up with 120K debt, I’m trying to maintain the debt until now even it is exhausting, I’m about to consult debt consultant to solve it but a little bit worry My questions ... Read More »

                          Can the Statute of Limiations Make My Sallie Mae Student Loans Go Away?

                          stressed-woman

                          “Dear Steve, I have three Sallie Mae loans, all of which have gained interest in the past eight years. When I first went off to college I was very uneducated about student loans. Now, I wish I had better educated myself. I am scared to death of Sallie Mae because everyone I know that owes Sallie Mae has had their ... Read More »

                            I’m So Stressed Being a Sallie Mae Cosigner. I Want to Be Removed. – Ronda

                            Mature woman confused

                            “Dear Steve, I co-signed student loan for my son, who has graduated from college, but is not working, cannot pay the loan…I am on Social Security, and the stress is killing me. Is there any possible way to get me out of this? What needs to happen to get me removed as a co-signer. How to get out of a ... Read More »

                              I’m So Far in Student Loan Debt There is No Hope for Me. – Adam

                              upset young man

                              “Dear Steve, I have private student loans as well as federal ones, but they gave me the loans without cosigners and the interest rates have basically made it so, despite making payments, the principal hasn’t gone down. At this point, I can’t afford to repay them all, have defaulted a few, and can barely afford the necessities needed to live. ... Read More »

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