Question: Dear Steve, About seven months ago, I left my dead-end job for a freelance graphic design career that was doing pretty well for a while. Sometime in March of this year, the struggle has been real and freelance gigs have been on an ebb and flow. This has led me to where I am …
“Dear Steve, Retail management – 62 yrs old -owe 48000 in credit card debt- I owe 48000 in credit card debt. At this time I have been able to keep payments current but not much longer. Pay around 1500 a month in credit card payments. Ive talked to counselors but see no different in the …
“Dear Steve, I need a financial solution for my parents. My wonderful parents were misguided while pursuing a personal loan about 10 years ago. Despite the bad decision to accept this loan my parents were able to pay the debt consistently for about 8 years. My dad is a contractor and the money slowly stop …
“Dear Steve, My credit card debt has reached $100,000. I was able to keep up with the payments, but due to pay cuts and such, I can no longer afford even the minimum payments. It appears the only options I have are bankruptcy or debt settlement. Debt settlement seems like a viable option, but there …
“Dear Steve, The economic downturn really hurt me. I lost 4 of my 5 sources of income. It killed the equity in my house (it is now worth about $15K more than my remaining mortgage) and nearly wiped out my savings. Right now, I have about $50K of credit card debt. If I pay the …
“Dear Steve, I owe about $8000 in credit card debt. I am on fixed income of about $750 a month and I have $350 a month I pay towards a mortgage plus utilities. My monthly credit card payment is about $140 out of which most is for interest. How do I go about clearing this …
“Dear Steve, It’s not as if we don’t know what happened. As a couple we have an excellent and good credit rating. One month we were paying everything on time and the next everyone raised their interest rates and minimum payment and we didn’t have the money to make ends meet. The only things we …
Kathryn “Dear Steve, My boyfriend has $20,000 in credit card debt on a total of 8 credit cards. He was able to pay his minimum payments & a little extra, as he had been trying to do the debt snowball elimination method. Recently Chase bought out a couple of the companies he has credit cards …
“Dear Steve, Unemployed, pregnant, and cant afford the payments demanded by the debt collectors. I am trying to make the demanded payments by the debt collectors, with out defaulting on my car payment, insurance, and medical bills. Do I have to send the collection agency the payment they are demanding, or can I send what …
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