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I Am Getting Married And We Want to Buy a House But My Credit Isn’t Great. – Kelli

“Dear Steve, Hope all is well! My fiance and I are getting married next April and are currently saving to purchase our first home! We are saving around $12,000-$15,000 for the down payment, we are looking to purchase a house no more than $130,000. The only problem is I have 2 charge offs from CC … Read more

I Have Mental Health Issues. How Can I Reduce My Debt? – Mel

Mel “Dear Steve, I have a charged-off bank account, a charged-off cell phone bill, a charged-off credit card, and have not paid anything on another credit card for almost 6 months. The bank account received several overdraft charges that were a result of a cab company charging me $70 instead of $10, but I didn’t … Read more

I Wrote to You Before and Things are Getting Better. – Michael

“Dear Steve, About 9 months ago, I wrote you in tough shape. I had racked up about $35k in credit card debt through undergrad, law school, and a period of unemployment before starting a job which I began last July. I’ve really been scrimping and saving, and between the money I’ve put from my paychecks … Read more

Frederick Hannah & Associates Keeps Contacting Me. – Tammy

“Dear Steve, Frederick Hannah & Asso. P.C. have contacted me per phone and state they are representing a certain credit card company. They are unable to prove they are indeed representing this credit card company as their client. I have contacted the credit card company several times and they state that this acct. has a … Read more

I Hate American Express.

“Dear Steve, Currently paying off about $75,000 in credit card debt taken on during the economic slowdown last year when my consulting business tanked; current income of about $150,000. Not sure that debt relief is a viable option for me without severe negative credit rating consequences, so I’m paying down debt on most cards with … Read more

Can I Get the Bank to Remove the Charge Off From My Credit Report? – Ellen

“Dear Steve, My credit score is currently listed at about 560 ish with Experian and Equifax. There are a total of 5 olds accounts all not more that 400.00 dollars. I paid 3 off and I’m waiting for my paid in full letter. the other two I am disputing because a junk debt dealer bought … Read more

I Was Making Payments to Bank of America and The Charged Off My Debt – Michelle

Michelle “Dear Steve, Back in 2007 I made a payment arrengment with BOA on my credit card. The balance on the card was 3500 but with intrest and fees it had gone up to almost 4700. The payment plan was 100. a month. Then in 2008 my husbands hours got cut and we had to … Read more

How You Can Get Out of Debt Fast Without Filing Bankruptcy

So there’s this guy, Scott, who has developed an ultimate guide to getting out of debt. Sure, I’m as skeptical as the next guy but after looking over the information I was left with a problem, it looked pretty good. His information page actually contains a bunch of information that you don’t normally see which … Read more

Can I Contact My Creditor And Ask Them to Remove the Charge Off From My Credit Report? – Keisha

“Dear Steve, Four years ago, I had four charged off accounts which I later paid in full. They remain on my credit report, but now show as “charged off/paid”. I made agreements with the credit card companies and/or collection agencies before paying them off, not knowing I could request a pay for delete. Can I … Read more

Debt Settlements May Be Voided And the Money Due Anyway

A recent posting, “An IRS 1099-C Form Does Not Mean Debt is Discharged” caught my eye. It highlights a great potential risk for people that use debt settlement to eliminate their debt. The surprise is that while they think the debt settlement process has discharged their debt, it absolutely might not. A third circuit bankruptcy … Read more

What Do I Do About Lawyer Calling Me to Collect on Old Debt? – Jeff

“Dear Steve, Due to a loss of income last year we have been unable to pay numerous credit card companies. We are stable now but cannot catch up. One of the accounts was charged off in the mean time and it was purchased by a debt-collection company. I have received a letter and a few … Read more