hopeless Tag Archives -

Should I Stop Making My Private Student Loans Payments Since I’m Just Getting Deeper in Debt?

June 18, 2020 by Steve Rhode

Question: Dear Steve, My student loan payments are almost $800 a month, and as a result I’ve been using my credit cards to help cover my bills, emergencies, even food for the last few years. The situation I am in now is that in addition to my student loan debt, I now have about $37k …

There Are No Solutions For Us to Get Out of Debt That We Can Afford

January 23, 2019 by Steve Rhode

Question: Dear Steve, $70,000 unsecured debt $120,000 combined gross income Have checked with credit Counselor’s who offered a DMP we couldn’t afford, bankruptcy attorney, (chapter 13) payment plan we can’t afford. Tried resolving with creditors on our own, again can’t afford. So, what’s next? Do we just not pay and hope for the best? We …