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John McCain Has Bad Credit Card Rates

So there I was on opensecrets.org and looking at the financial disclosure form for presidential candidate Senator John S. McCain, III, and right there on page 27, there it was. John and Cindy McCain have a joint credit card with Chase bank with a balance of between $10,000 to $15,000 and they are paying 25.99% … Read more

Diana Is Struggling to Make Credit Card Payments And Afraid

Diana “Dear Steve, I have approximately $25,000 in credit card debt, drained my savings and struggling to meet my payments. I can pay my mortgage and normal billing but not the cards I am so confused about wha is available out there and frankly scared that I may not do the right thing with a … Read more

How Can I Convince Creditors to Work With Us Rather Than Force Us Into Bankruptcy? – Penny

“Dear Steve, My husband was injured in car crash 8.5 years ago, injury caused him to find work out of town (2 hours away), settlement went toward replacement vehicle. while fuel prices were so high we made ends meet by using credit cards, we are working at getting things paid off, but late payment fees, … Read more

We Are Expecting Our First Child and Want to Get Out of Debt. – Michelle

“Dear Steve, My husband and I are expecting our first child in April. We have been married for nearly 8 years and were trying to pay off our debt before starting a family but after this long it seems as though it would never happen. We currently owe $89k ($850 monthly) on our home that … Read more

Credit Card Debt Trap Video – Must See!

Dateline NBC did a great show about the issues surrounding consumer debt in America with my friend Elizabeth Warren was in it. She is a brilliant lawyer, consumer debt author and an overall good person. It’s worth taking some time to watch all the videos below. The information presented is eyeopening and will be disturbing … Read more

I’d Like to Consolidate My Federal Student Loan, Private Student Loan and Credit Card Debt Into One Debt Consolidation Loan. – Jane

“Dear Steve, My husband & I have been married 6 years and have two children. One of us has been in school the entire time until he graduated a few months ago. He has a well-paying job now and I’m self-employed. We have a decent income for where we live, but now with the school … Read more

Would It Be Better To Use a Home Equity Loan to Pay Off Credit Cards or Go Bankrupt? – Carolyn

“Dear Steve, With only $30,000 left on current equity loan and $29,000 in credit card debt – what would be better – cash out with new equity loan (which I can do) or file for bankruptcy? With bankruptcy – I’m afraid that a I would not be able to help my disabled daughter and end … Read more