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Reader Questions

Should I file bankruptcy or hire a financial advisor?

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I am not feeling very confident about filing bankruptcy. Since we are both back to work, the plan it has gone from ch 7 to ch 13 (way more expensive) and the attorney’s plan is: “proposing a plan payment of $700/month (10% dividend to unsecureds) and you guys putting the excess of your disposable income over that amount into a ... Read More »

The bankruptcy lawyer says I will lose my home if I file bankruptcy. Is this true?

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I have a situation similar to one of your other readers. A large amount of credit card debt of my daughters when they were having troubles and now she can’t make the payments. I am struggling to keep up but because I am a widow and only have limited income at this point I can’t keep it up if she ... Read More »

My Ex-Girlfriend Stole My Taxes Refund. What Should I Do?

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Thank you for taking the time to answer my question. My ex girlfriend used my information to file for my tax returns. She has already received the pre paid card with my money. I want to know how i can find out what pre paid account company she opened in my name. Is there a website that can search any ... Read More »

How To Handle Private Student Loan Debt?

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To whom it may concern: Recently I just went into repayment with my private student loans. Prior to repayment we consolidated all my private loans into one pool, totaling about $100,000. My first payment was due in the amount of $800 on 1/22/2012 and of the $800 i could only pay $200. Since then of course the bank has been ... Read More »

Junk Debt Buyer- Asset Acceptance

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I had a Citibank visa card that was written off several years ago, around 10. Last year that debt showed up on my credit report with Asset Acceptance now owning the debt. What was around 5k i now 7k. Do I have to pay this debt.? How do I handle it? Sheila Read More »

Storage Charges After Repossession in Mass.

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My car was repossessed 5 January 2012. It took me a few weeks but I finally paid-off the loan, thank God. Now I just have to pay the storage yard that has my car. They’re demanding about $1000! Every day I don’t pay it goes up $35! Is there a maximum they can charge in Massachusetts? I’ve found that the ... Read More »

Deceased spouse and 1099 tax forms

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I received a few 1099 tax forms for my deceased husbands credit cards. I am not on any of these cards and theyt are soley in his name. one is also a buisness credit card that i received a 1099. I realize that i have to file them with my taxes and its assumed as income for me cause i ... Read More »

Credit Card Debt is Dragging Us Down in Nevada

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2 yrs ago we moved to a different state ( Nevada ) to start new employment in the hospitality indistry. My husband and I had a good credit rating at the time and did have a few credit cards that we managed very well. We both struggled with our careers and it affected our credit ratings as it took a ... Read More »

M&T bank took my money.

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I have a checking account with M&T bank for over ten years, just year ago I added my boyfriend’s name to my account so we can deposit his pay check easy. My boyfriend owe $3,750.00 to his bank Wilmington Trust and he was in proses of negotiation about making monthly payments arrangement. When I got my tax money refund (around ... Read More »

How do I settle my Bank of America credit card for cash?

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I owe $12,941.54 to Bank Of America credit card. I have called them several times to see if they would settle for a lesser amount. I want to pay this off and have nouthing to do with Bank Of America anymore. Is their a way to settle with them for a cash pay off ? How do I go about ... Read More »

I’ve been with Preferred Financial Solutions since 2007, now they garnished my account, WHY??????

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I’ve been enrolled with your debt consolidation program since 2007, now one of the accounts that your company is SUPPOSED to have paid in full is garnishing my checking account!!! WHY? I’ve paid over $24,000.00 to your company in the past 4 years and was told that 3 accounts have been paid in full, but appararently not. What is going ... Read More »

How to work with lawyers to settle debt when I have filed judgements against me.

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3 years ago I had accumulated 40-50,000.00 in debt, I was making all my payments and on time, I had a fantastic credit score. At that time I was injured and required surgery, long story short 5 surgeries later and 2 years spent in recovery I lost my job and my income. I found myself unable to pay my minimum ... Read More »

Wites & Kapetan have contacted me to help me reduce debt. Who are they and are they legit?

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Wites & Kapetan called and told me they could combine my debt (credit cards, hospital bills,and a revolving loan with a $14,0000 balance) and make my payments significantly smaller. Are they ligit? My husband has been battling cancer for over 3 years and I don’t want to trust a company unless I know exactly who they are! We are in ... Read More »

Has Anyone Had Any Success With Citizens Financial Group Out of Phoenix Arizona

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They are a Loan Modification Company and they do have a money back guarantee if they can’t secure at least 50% reduction in the interest rate of the mortgage. They do want an upfront fee though. Their website is: www.citizensfg.com. Has anyone had any success with them? Are they as successful as they say they are. They are on the ... Read More »

Paying off credit card debt with IRA.

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I am married with two kids, 12 and 16 years old. We have $80,000.00 in credit card debt (7 credit cards), $70,000.00 in line of credit debt, and a mortgage on which we owe $445,000.000. We have approximately $250,000.00 in our IRAs. We are paying about $1,500.00/month for minimum payments on the credit cards. As you can see we are ... Read More »

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