Question: Dear Steve, I have credit card debt 2 cards totalling under 8000 total for both. What is best way to tackle this issue? I want to know what is best way to get out of debt not sure how much my APR is on my credit cards? I rarely pay attention to that. Robert … Read more
Question: Dear Steve, I was unemployed in 2014 and accumulated $33,000 balance on my credit card. Since then I got a job and trying to pay it off. But I can only afford the minimum payment which is $800. I make $36000 a year. My credit score is 670. Should I contact one of these … Read more
Yes, that’s right. As many consumers know, when they call one of the many commissioned sales representatives at the average debt relief company they hear about the incredible things the company can do to make debt go away. But did they tell you about the following potential benefits? If you’ve talked to a company who … Read more
Question: Dear Steve, I have $18,000 in CC debt, I feel hopeless. I’m a provider for girlfriend and myself. I have a seasonal job which made it really tight last winter, so living with credit cards seemed like a must last winter. My girlfriend was in two recent car accidents so she has not been … Read more
Question: Dear Steve, My wife was recently arrested at my home for a credit card debt.. had to bail herself out and appear in court the following week.. well when we showed up at court the gentleman representing the company informed my wife she was falsely arrested and was current on her payments. Billy Answer: … Read more
Question: Dear Steve, I took out a Private student loan with Navient of $5000 in 2007 with my grandmother as the co-signer. Since graduating in 2014 the student loan as doubled with interest and fees to $10000. When I graduated, I struggled financially so I placed the loan in forbearance. A few years later, I … Read more
Question: Dear Steve, My husband and I have about $18,000 in credit card debt and unsecured debt. We got into trouble after my husband had a stroke in 2014. I had to close down his trucking business. I was able to pay off most of that debt, but got behind on our personal debt. I … Read more
Question: Dear Steve, I’m 70 year’s old and in Credit Card debt plus over spent. What’s best for me to limit my credit card debt without filing bankruptcy. George Answer: Dear George, Starting by eliminating options to help you get out of the hole you are in is not the best first step. If you … Read more
I received the following mailer as part of my I Buy Junk Mail program. People with credit card debt are apparently being targeted with this mailer that contains a fake credit card in it. S&N Debt Solutions, who also identifies themselves in the mailer as the S&N Financial Solutions Consolidation Alternative, has sent this mailer … Read more
I just read a great article by Anya Kamenetz. It’s one of the few pieces I’ve read that provides some great real world advice about when not to pay your credit cards. As Anya says, “Of course, you can also focus on increasing your income, perhaps by taking a part-time job and dedicating all the … Read more
Question: Dear Steve, My ex husband died, suicide. We have been divorced 7 years. We had no outstanding credit card debt when divorced. There is an attorney handling his estate and I was contacted and told that there are 2 credit cards that still have my name on them and there is now a balance … Read more
Question: Dear Steve, I came into this country as an international student for the purpose of attending college. I did not have a job and I couldn’t work legally because of my status. I did odds and ends jobs to survive because I had tuition to pay and also I was living alone as I … Read more
Question: Dear Steve, In 2010, I opened a Military Star Card account with AAFES. I soon slipped into default after losing my job, and I was forced to go on disability (both Social Security and VA). We received notices from Star Card, but could not do anything about it. A year or so later, they … Read more
Getting a mortgage will probably be the largest transaction of your life — no doubt, it will have an impact on your finances for the next 30 years. With that in mind, when it comes to how much you can borrow for that big transaction, any debts you have now will reduce that amount. And … Read more
How to Pay Off A Mountain of Credit Card Debt (via Credit.com)Credit card debt is a big problem in America today. One recent study found that 1 in 4 people have more credit card debt than savings. Households with credit card debt on average have about $15,000 in debt, and that makes it incredibly hard to make ends meet — let alone pursue dreams for the future…