Household debt balances increased in the third quarter of 2018, a seventeenth consecutive increase. Total debt balances reached $13.51 trillion, a level more than 20 percent above the trough reached in 2013, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data. With today’s report we …
Question: Dear Steve, I dropped out of college a year ago after taking out many loans, and my mom took out a home equity line of credit to pay off the loans. I now work a second job solely to pay off her debt and live paycheck to paycheck in her house. She retired at …
Yesterday on Facebook I posted a link about this recent article, How to Borrow Your Way Out of a Student Loan Default and Lower Your Payment. I thought the article was filled with some really important advice about how to get your federal student loans out of default and avoid being sued, having tax refunds …
“Dear Steve, We have negotiated a $6,000 one time settlement with a CA (Client Services, Inc – St. Charles, MO) who are representing Chase. Chase charged off our credit card debt ($26,000) one month ago after 6 months of non-payment, but they still own the debt. We had tried to settle with Chase for $10,000 …
Three years ago, my husband lost his job. He spent about 8 months on unemployment at which point a friend of his offered to train him in the field of Medical Recruiting. He was led to believe it would be easy money and one placement would equal 2 months salary or more in other fields. …
“Dear Steve, My wife and I are 81K in unsecured debt and 5K in back taxes. All the unsecured debt is now reflected as judgements. We are now both facing garnishments. We are both working and have a yearly combined gross income of about 110K. We own a home and are paying off two cars. …
Lowell “Dear Steve, I am barreled into credit card debt. I am current but only because I am borrowing more to pay current bills. It is about to come to an end though because cc co have reduced my limits. What is best way back to normalcy? Lowell” Dear Lowell, The best way back is …
“Dear Steve, We recently moved for my husband to get this great new job. Was not a great new job–My husband began to have physical illnesses due to the stress and he is a strong man. The the great new boss changed his job…all of the sudden we were making half the money. I began …
“Dear Steve, I live in California and a judgement has been entered against me for a credit card that was in collections in 2003. I set up stipulation payments, but I’m unemployed with no compensation. I have not made a payment for 5 months. I contacted the woman that handles my account by mail and …
Tired of the 9 to 5 grind? Considering going into business for yourself? You’re not alone. Millions of people have a similar dream. A few brave ones take the next step. Unfortunately, for many, the dream can turn into a nightmare quickly. The U.S. Small Business Administration statistics show that well over half of all …