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Tag Archives: credit-card-debts

Peter Is Trying to Find Shelter In These Uncertain Economic Times

Financial Tornado

“Dear Steve, I’m wondering if it time for a a mid-recovery, mid-recession course correction? My situation is grad school era babies, two layoffs and completely unnecessarily missed/late CC payments have buried us in CC debt (65K@30%APR), auto (6K@0%, 15K@7%) and student loans (35K at 8%) with little hope of lower interest rates or new financing options. Thankfully we got out ... Read More »

    Kayte Has Drained Her Savings And Can’t Pay The Bills Anymore

    Ready to Collapse

    Kayte “Dear Steve, My husband and I have roughly $75,000 in credit card debt. Due to the economy, we both have experienced a substantial decrease in our income (i.e., commission based pay). We have exhausted our savings trying to keep up with our mortgage payment, credit card payments, car payments and other cost. We are now at a point where ... Read More »

      Bob Is Underwater And Drowning, In Debt

      Drowning in Debt

      “Dear Steve, Can I ask for your advice since I’m so overwhelmed with debt. I have 4 credit cards with approximately $48,000 in balance. I’m only paying the minimum amount due per month because that’s all I can afford considering the other expenses I need to pay (mortgage, car loan bills, etc). Most of the debt here were house related ... Read More »

        Government Handing Out Secret Bailout Money to Pay Off Credit Card Debts

        Ready to Collapse

        This information is for all the people who keep emailing me about the “secret Obama backed bailout plan for free government money to pay off credit card debts.” You win and I’ll tell all. I’m not sure who let this rumor out of the bag but if I find them I’d have a very stern talk with them. Maybe the ... Read More »

          Tanisha Wants to Cash Out 401K To Get Rid Of Debts.

          Ready to Collapse

          Tanisha “Dear Steve, I recently recieved $137k into a 401k account from my ex-husband due to a divorce. I’m 35 years old, 2 kids, unemployed stay at home mother for past 8 years. I will receive spousal support until 2012. I no longer own any property or assets and I have $33,000 in credit card debts with interest rates ranging ... Read More »

            Damn You June Reyno. Let Your Home Go And Move On.

            Ready to Collapse

            Not that long ago I wrote about a woman that chained herself to her front porch to prevent her home from being foreclosed on. I’m afraid the story has turned into the pleading mother begging for the return of her child, only to have murdered it herself. June isn’t an innocent victim here of banks gone wild, although I would ... Read More »

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