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Question: Dear Steve, I defaulted on a credit card from Capital One many years ago, and the debt was sold to a debt collector. The debt collector sued me a few years ago, but I had moved out of state before the court date and honestly just forgot about it. I just received a letter …
Question: Dear Steve, I am about to turn 69 years old. I am a disabled, retired Radiology Technologist who wound up on permanent disability from a catastrophic illness that drained me of all my savings resulting in my living solely on Social Security when I turned 65. There are a few instances where I “make” …
Question: Dear Steve, Due to poor judgment, I went into business with the wrong people. As a result, my credit cards were maxed out, and all inventory was stolen. I struggled to make payments on everything before this proved too much. Finally, I could no longer pay my bills. Again I was a victim of …
Question: Dear Steve, I just purchased a house for cash which took up all of my financial resources. My goal is to get entirely debt-free. I still have a mortgage on my other home, which I am fixing up so that I can put it on the market very soon. Sadly during all of this, …
Question: Dear Steve, I have been paying Litigation Practice Group $283 for 17 months for debt relief! I was told that my debt would be relieved in 18 to 24 months! After watching my credit deteriorate, I decided to pay off my creditors and cancel my agreement with Litigation Practice Group! They told me I …
Question: Dear Steve, I attended IADT and didn’t graduate. I left the school after my department was closed /merged with another. They didn’t tell us they were closing/merging the departments for a couple of months. Instead, they told us we were just learning the basics in case we needed a more rounded skill to get …
In the CFPB case against Consumer Advocacy Center, Premier Student Loan Center, and others, Sarah Kim has settled. Here is the backstory from court documents: “Plaintiffs the Bureau of Consumer Financial Protection (Bureau), the State of Minnesota, the State of North Carolina, and the People of the State of California (collectively, Plaintiffs) commenced this civil …
Question: Dear Steve, I’ve been an Amex customer for ten years and have five accounts. I spend over $1M each year, closer to $2M on average, and out of the blue, all accounts closed. No missed payments or anything like that. I pay the balances in full each month. I was told it “was a …
Question: Dear Steve, I’m living on permanent disability and dealing with credit card minimum payments that are eating most of my monthly income. I have been told that ACCC American Consumer Credit Counseling (the nonprofit organization) is great at reducing interest rates and monthly payments by 50%. Is this true? Are they reputable? What could …
Question: Dear Steve, I am a single registered nurse age 51 who bought my first house in 2018 in California. I make just enough money to pay for everything, with an extra part-time job that I do on the side as needed when I need extra cash. I was recently turned down for a HELOC …