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Tag Archives: bankruptcy

I Can’t Figure Out My Chapter 13 Bankruptcy Payments – Helpless

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Helpless “Dear Steve, Brought 3 cars in 2 weeks in 2007. married truck driver. Job closed 1 year 2 months ago. New job less than half the income. 5 kids. parents took over 1 of the cars and the payment. bad credit. My wife and I went to a lawyer to file chapter 13. Altogether we pay about $1300 in ... Read More »

    Clinton Wants to Know “Am I Doing The Right Thing By Repaying My Debt?”

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    Clinton “Dear Steve, I am receiving social security disability insurance (SSDI) and got abandoned with a mortgage back in 2007 that went into foreclosure. I know I can’t get the foreclosure removed but I have been diligently trying to pay off all of my outstanding debt, charge-offs and the ones that report a zero balance but the collection agencies keep ... Read More »

      I Am Too Trusting and I Help People Out With Money But Don’t Get it Back and Then I End Up Missing Payments – Natasha

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      “Dear Steve, I am 28 and i live with my parents, i have had problems with debts for a few years. I am too trusting and i help people out with money but dont get it back and then i end up missing payments. How can i get out of debt, i have tried everything but nothing works, i sell ... Read More »

        Am I Able to Settle My Debts With My Credit Card Companies Even Though I’m Current? – Kaye

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        Kaye “Dear Steve, I have $25,000 in credit card debt (that I am current on and make the minimum payments each month). Should I file bankruptcy? Am I able to “settle” with any of these creditors to pay off a lump sum amount that is less than what I owe (if I am current on all accounts)? I am current ... Read More »

          How Do You Value Your Quality of Life? Debt Solutions to Fix The Future

          Photo Credit: Cayusa

          Debt doesn’t just affect the people actually in debt, it often affects the ones around them, near and dear to them. I know this from first hand experience as someone who has loved and lived with someone so deep in debt they could not see a way out. Not only is the emotional toll hard on the debtor but also ... Read More »

            Trudy is Worried About Getting Married Before Her Bankruptcy is Completed

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            Trudy “Dear Steve, I filed for bankruptcy in November. My court date with bankruptcy court is in January of 2009. My fiance and I wanted to get married in December but I am afraid to marry him before the court date. I don’t want to take the stand and state my new last name with fear this will affect his ... Read More »

              What Do You Do When Your Creditors and Credit Counselors Say There Isn’t Anything They Can Do to Help? – Elle

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              Elle “Dear Steve, What do you do when the credit card company and the credit counselors say they can’t do anything to help? I have a solid income, good credit score and have racked up $37,000 worth of unsecured debt. I called Bank of America to ask for a lower interest rate, I’m paying 18.99%, 21.99% on two cards. Credit ... Read More »

                Abusive Debt Collector Accused of Bankruptcy Fraud : When The Collector Becomes the Collected

                Over the years Jack H. Boyajian, a seasoned debt collector, has faced accusations from authorities across the U.S. for “illegal methods to squeeze debtors”. This year a new accusation arose against Boyajian after he filed for bankruptcy in August of 2009, that he has defrauded creditors by concealing assets from the court. The Federal Government says he owes around $670,000 ... Read More »

                  Finances of Florida Charter Boat Captain, Sinking – Roberta

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                  Roberta “Dear Steve, My significant other has experienced 3 years of slow business and has accumulated credit card debt to pay bills in the amount of $260,000.00. He was hoping that business would improve, however the economy has caused him to go further in debt. He lives in Florida so his home is protected, however if he files for bankruptcy ... Read More »

                    I Have to Leave the Country for a Family Emergency.

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                    I got the following question through the site and the reader asked the following question. I asked my friend, Gerri Detweiler, to also answer this question so you could get two independent points of view. You can learn more about Gerri and contact her by visiting her blog. “Hi, Steve – Due to the structure of my divorce settlement, ... Read More »

                      We are Using Your “Eliminate Your Debt Like a Pro” Book and Have Some Questions. – Joanne

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                      Joanne “Dear Steve, We are using your “Eliminate Your Debt Like a Pro”, We have Credit Card Debt and Loans from Business’s that were sold in 2006, We moved to Asia so my husband could take a very good paying job. The contract that he signed states that there could be no bankruptcy in our past. I am assuming that ... Read More »

                        Do It Yourself Guide to Credit Reports: 10 Ways to Improve Your Credit

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                        So your credit’s not so hot. A few late payments, maybe an account or two that went to collections. What’s the big deal? As you’ve probably found out, it may be a very big deal. You’ve probably already been turned down for the best credit cards and maybe you’ve had trouble getting a car loan. Perhaps you’ve even put off ... Read More »

                          I Am Married With Five Children and Struggling to Get By. Ken


                          “Dear Steve, I was self/unemployed after a layoff for about 3 years, until about a year ago. I had about $60K of home equity, but accumulated about $80K in credit card debt (I had no debt going into the period). We live very frugally, with hand me downs, Goodwil,l and 200K+ mile minivans. In the current economy my home equity ... Read More »

                            Peter Is Trying to Find Shelter In These Uncertain Economic Times

                            Financial Tornado

                            “Dear Steve, I’m wondering if it time for a a mid-recovery, mid-recession course correction? My situation is grad school era babies, two layoffs and completely unnecessarily missed/late CC payments have buried us in CC debt (65K@30%APR), auto (6K@0%, 15K@7%) and student loans (35K at 8%) with little hope of lower interest rates or new financing options. Thankfully we got out ... Read More »

                              Lauren is Searching For Ways to Get Out Of Debt And Make Her Bad Credit Go Away

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                              “Dear Steve, If I find a consolidation company to help me pay my bills will my bad credit go away? Lauren”   Dear Lauren, It is usual for people to search for a magic wand that will make their debt go away without impacting their credit report. There really is no such solution, and here’s why. In order to help ... Read More »

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