Introduction: The Truth About Debt No One Talks About I remember the moment debt took over my life. I had a stack of overdue bills sitting on my kitchen table—credit card statements, past-due notices, letters with big, bold warnings like “FINAL NOTICE” and “IMMEDIATE ACTION REQUIRED.” Every time I looked at them, my stomach tightened. …
“Dear Steve, I live in Georgia. 50 years old, wife is 41, two boys age 14 and 11. Boys are special needs and attend private special needs school, tuition paid in full by my Mom. Own home with $133K left on loan balance. Equity is anywhere from $2K to $10K. Home prices have stabilized in …
Jules “Dear Steve, With 30,000 in credit card debt, 20,000 in loans, is consumer credit counseling best or should I try to consolodate 6,000 more in fixed loan and ccc the rest.? Or Bankruptcy? Right now credit cards are increasing APR’s and I feel like I am drowning. Credit rating is 680’s. I also have …
Drowning In Debt “Dear Steve, In a TON of debt…looking for a way out. I am looking first to consolidate my debt, then form a plan to get rid of it. I have a $235,000 mortgage at 5%, a $65,000 interest-only second mortgage at 3.75% and about $47,000 worth of credit card bills. I was …
“Dear Steve, I am drowning in debt and see no light at the end of the tunnel. It is causing me daily stress and anxiety, as I am worried about my future, worried about losing my good credit when I am no longer able to make my payments, worried about my kids. I am a …
“Dear Steve, Hi, I am drowning in debt from student loans and credit cards. I have a steady job, but it’s just a matter of time before I’m going to have to look at debt settlement or bankruptcy. So far I’ve paid all bills on time, but LOTS of debt. My 5 year ARM is …