Am I Able to Settle My Debts With My Credit Card Companies Even Though I’m Current? – Kaye

Kaye “Dear Steve, I have $25,000 in credit card debt (that I am current on and make the minimum payments each month). Should I file bankruptcy? Am I able to “settle” with any of these creditors to pay off a lump sum amount that is less than what I owe (if I am current on … Read more

Lynn is Working With a Debt Settlement Company But Being Sued By Her Creditor

“Dear Steve, I am with a debt negotiation company for over a year and i am being sued for one of my debts, the law office that represents the debt informed me that the company I am paying money to never contacted them when I faxed the letter over a month ago. Now I have … Read more

Should We Use Freedom Debt Relief or an Attorney to Help Us With Debt Settlement? – Debbie

“Dear Steve, We are drowning in unsecured debt and cannot get our heads above water. We are trying to decide whether to go with a debt settlement company (we are leaning toward Freedom Debt Relief) or contact an attorney. Not sure if the fees would be comparable- or if the attorney would be able to … Read more

Can I Call Citi to See if They WIll Let Me Settle My Debt For Less? – Joe

“Dear Steve, I have apx 22K in credit card debt from medical bills one year we didn’t have medical coverage. I have steady income now and can access apx 15K in a HELOC. I have apx 22K in credit card debt and am current, can I get them to settle? We are current and have … Read more

I’m Very Close to Falling Behind on My Bills. Do I Have any Options Other Than Bankruptcy? – Paul

“Dear Steve, I have piled up over $60k of credit card debt over the past couple of years. My gross income has been in the $55k range for the past two years. I am in a business where my income should continue to grow but with minimums around $1300 per month I’m very close to … Read more

Shane is Out of Work, Out of Money and Out of Time

Shane “Dear Steve, I lost job January 3, 2008 and now have $30,000 in card debt plus $30,000 in personal loans. Should i use debt settlemant company? I know bankruptcy is bad. Shane” Dear Shane, While you want to shed your debt, I don’t think there is any reasonable expectation that you would be able … Read more

How Can I Negotiate a Lower Balance to Pay Back My Credit Cards? – David

“Dear Steve, I’m several months behind on several credit cards. Now have money to pay them off through a loan I got on my house. Can I negotiate a lower payoff with the credit card companies? David” Dear David, Technically, yes, but watch out. Your creditors are going to play you and lie to you. … Read more

Diane Writes In “I Want to Settle My Debt. My Creditor Wants to Take Me to Court.”

Diane wrote to me at the GetOutOfDebt.org site and asked for help with her debt situation. You can write me too if you need help. Here is what Diane said: “Dear Steve, I have signed up with New Beginnings to get out of debt. I have paid them for two months so far and have … Read more