My Student Loans Are Deferred And I Can’t Pay My Other Debts. – Annie

“Dear Steve, I owe over $20k in credit cards (Discover and Visa, both of which are maxxed out) and over $40k in student loans (which are currently deferred). I changed my spending habits and budgeting over the last 6 months. Despite all of this, I am still only able to make slightly more than the … Read more

I Can’t Make My Payments and Creditors Want it All? – Bridget

“Dear Jon, I have 4,900 in credit card debt and all my cards have been turned over to collection. I am doing the best i can, but they are not letting me do payments they demand the full amount or they can split the full amount in to 4 payments. I can only pay about … Read more

How Do I Get the Credit Card Company to Lower My Payment to What I Want? – Sally

“Dear Steve, My husband almost died due to an abscess on his liver. Medical bills piled up. Then he lost his job. Then I lost my job due to budget cuts. Currently my husband is unemployed, and I am working, but for less than my last job. Credit cards were used for everyday items such … Read more

I Supported Someone for Three Years That Completely Drained Me. – Jessica

“Dear Steve, I am currently about 15,000.00 in credit card debt and 2500.00 in student loan debt. I have come across many difficult troubles in the past 5 years and i also supported someone for 3 years that completely drained me. I am currently working three jobs just so i can get by and pay … Read more

I’m Barely Making My Minimum Payments. What Can I Do? – Pete

Pete “Dear Steve, I’m $90,000 in CC and loans. My income was slashed by $50,000. Barely make minimum payments I need advice? Pete” Dear Pete, You’ve really made it hard for me to give you a lot of specific advice since I only have limited information. Your level of credit card debt is high for … Read more

Rebecca And Her Husband Are Struggling to Keep The Business Going

“Dear Steve, My husband and I own our own business but have been struggling lately. I work a 9-5 job while he stays at home to run the business. We owe a lot of debt in credit cards from working to get the business up and going – and we’re just a few hundred dollars … Read more

I’m Making My Minimum Payments But It’s Getting Tough. – Barbara

Barbara “Dear Steve, What can I say. With the ecomony the way it is it seems that prices for everything continues to rise but my paycheck doesn’t. I am grateful to have a job but the interest rates on my cards are making it extremely difficult to balance my family needs such as, groceries, car … Read more

I Carry Very High Balances On My Credit Cards. – Joyce

Joyce “Dear Steve, I CARRY VERY HIGH BALANCES ON MY CREDIT CARDS,AND ALWAYS MAINTAIN TO PAY MORE THAN THE MINIMUM (NO LATE PAY EITHER). WITH A FEW BANK MERGERS, I’M RECEIVING A CHANGE OF RATE FROM FIXED TO VARIABLE APR..AND IF I DON’T AGREE CLOSE THE CARDS,WHICH IN TURN LOWERS MY CREDIT SCORE.I DON’T KNOW … Read more

We Were Paying All Our Bills and Then the Credit Card Companies All Raised Their Minimum Payments. – Liz

“Dear Steve, It’s not as if we don’t know what happened. As a couple we have an excellent and good credit rating. One month we were paying everything on time and the next everyone raised their interest rates and minimum payment and we didn’t have the money to make ends meet. The only things we … Read more

Terri Wants to Know “Is There a Way to Get Out of Debt Without Ruining Our Credit?”

Terri wrote and asked her question through the GetOutOfDebt.org site. If you have a credit or debt question you’d like to ask, just visit this page and ask. My help is totally free. “Dear Steve, We have appox $50,000 in revolving debt, 2 vehicle payments, 1st and second mtg, we pay everything on time and … Read more

Karen Writes In. “My Interest Rates Are Going Up. My Minimum Payments Are Going Up. Help!”

Karen “Dear Steve, Have a lot of credit card debt – struggling to keep my head above water. Interest rates are going up, minimum payments are going up, and I am falling behind. which causes the rates a payments to keep going up and my credit score to go down. What is the best way … Read more