I Would Like to Consolidate My Debt, However I’m Having a Difficult Time Finding Someone Who Will – Laurie

“Dear Steve, I am current of all of my debt. Do not have any past due debt. I do have about 25,000 in credit card debt and would like to consolidate, however am having a difficult time finding someone. Also, my main problem is that I have a Bank of America card fo 12,000 that … Read more

What the Dodd-Frank Act: What It Means for Credit and Housing Counseling Agencies and Other Debt Relief Service Providers

The following article was put out by the Venable law firm and is republished with permission of Jeff Tenenbaum, a rock star in debt relief compliance issues. President Obama ushered in a new era of regulation over credit counseling, housing counseling, and other debt relief services that will have a broad impact for years to … Read more

I Was Thinking of Enrolling in a Debt Consolidation Program. – James

“Dear Steve, I have $8,300 in business credit cards. They don’t show up on my credit report. I also have $10,000 in personal credit cards. I was thinking of enrolling in a debt consolidation program that I was referred to by my wamu card. i just had surgery and have to work with one arm … Read more

Deepu’s Wife is Unemployed And is Looking for a Debt Consolidation Loan

Deepu “Dear Steve, I was referred to you by the ARAG group. My wife has $13000 in credit card debt. she is unemployed. We are in a rough spot but things should get better March 1st, 2009. Is there anything you can do to help consolidate our payments to lower them and help pay the … Read more

I’ve Never Been Late But I Can’t Afford the Minimum Payments. – Ted

Ted “Dear Steve, I owe about $50,000 on credit cards I am current and have never been late on a payment. I make the minimum payment that is all I can afford. I need some breathing room and I could pay more on each card. But there is no breathing room. I have looked into … Read more

Lisa is Over Her Credit Limit, Unable to Pay the Minimum Payment, and Thinking of Bankruptcy

“Dear Steve, I am unable to make my minimum payment on my only credit card therefore, not only has my interest gone through the roof I am now over my credit limit. I don’t want to file for bankruptcy. What are my options to get this under control and get my credit card paid off? … Read more

I Fired My Debt Management Company And Now I’m Going to Settle My Own Debt. Should I Hire a Lawyer? – Jannelle

Jannelle “Dear Steve, I have dropped my debt management company and am trying to negotiate with Chase and HSBC. I’ve composed a letter to them offering 40% of the balance owed. Am I better off hiring a lawyer to send this letter, or should I send it on my own? Jannelle” Dear Jannelle, That’s a … Read more

I Had to Use My Credit Cards to Live and Pay Bills After My Divorce. – Christine

“Dear Steve, After getting divorced, I had to use my credit card to live and pay bills, taxes,etc. Then I got remarried and we remodeled our home and bought some new things to go into the home. We both have good jobs and great credit, but we have no savings at all. We are living … Read more

I’m 24 and About $20,000 in Debt Plus I Try Real Hard to Pay Them. – Andrew

Andrew “Dear Steve, I’m 24 and about $20,000 in debt plus i try real hard to pay them but i don’t make alot of money and the credit card people don’t care they just what money, money and more money Plz help i would like to get out of debt or get it real down … Read more

What Are My Options Other Than Filing Bankruptcy to Help Me Reduce the 25% APR on My Bank of America Credit Card? – Bobby

Bobby “Dear Steve, I’m a college student, age 22, and have trouble reducing my credit card debt due to the high interest rates. I have nearly reached my credit limit of $5,000 with my Bank of America Credit Card due to the apr of 25%. My credit score has been reduced to poor due to … Read more

The Perfect Debt Assistance Program

I can dream, can’t I? If I could get a wish for debtors it would be to wave a wand and implement this perfect debt assistance or debt relief program. Here is what the program would look like. A Sliding Scale Nominal Charge – Consumers would have to pay a sliding scale setup fee. It … Read more

Lourdes Writes In “What Should I Do to Get Out of Debt?”

“Dear Steve, I’m in debt really heavy from credit cards and other loans. What should I do to get out of debt. Lourdes” Dearest Lourdes, Wow, I really want to help you with some great advice and awesome guidance but gee-whiz a little more information would be really helpful. Maybe next time you write in … Read more