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Tag Archives: minimum payments

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

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

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    “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 want to keep out of ... Read More »

      Someone Said $50,000 is Not Enough Debt for Bankruptcy. – Michelle

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      “Dear Steve, We are keeping up to date on our credit card minimums barely. We have regular income, but now all of our minimums have increased with the new regulations. We have about $50,000 in credit card debt and we make about $65,000 a year. We used our tax check on some bills but are not even making a dent ... Read More »

        Holy Crap. Chase Minimum Credit Card Payment Goes to 5% of Balance for Mary.

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        “Dear Steve, My husband and I have credit card debt of $ 87,000 and medical bills of about $ 2,000. The credit card int. rates vary from 2.99 to 9.99%. We have 2 teenage children. We own a mobile home and a couple acres but don’t have much equity in it. We both have fairly good jobs and have paid ... Read More »

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

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          Terri wrote and asked her question through the 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 have a small amount left ... Read More »

            I Keep Paying on Debts I Can’t Afford. – Mandi

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            “Dear Steve, Hi! I have 3 credit cards that have over $2000 each on them. I have not been paying on them for about 6 months. I have collectors calling me but I can avoid them easily. The only thing that bothers me is that now the minimum payment on them is between $600-$800 each. Of course I cannot pay ... Read More »

              Hank is on Disability And Wants to Borrow From His Retirement Plan to Pay Off Credit Card Debts

              Your Financial Mudslide

              “Dear Steve, I am on disability retirement. My income is about $3,200 monthly. I currently have about $40,000 in credit card debt, excluding a mortgage (which is upside down). I am $1,100 in the hole every month and desperately need help! I have asked my wife to take out a $20,000 loan from her retirement plan at work. She will ... Read More »

                I’m in Debt Due to My Own Foolishness and Stupidity. – Mari

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                “Hi Steve, I am $18k in credit card debt due to my own foolishness and stupidity. My intentions were good, and I was good at paying my debt, but since I accumulated so much, I eventually wasn’t able to pay them all on time. There are a couple unsecured credit card debts ($4k from Chase and $6k from WaMu) that ... Read More »

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

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                  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 to negotiate lower payments and ... Read More »

                    I’m in Debt, on Benefits, Have Kids, and Not Much Money. – Alicia

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                    “Dear Steve, I am in debt and need help. I have 6300 debt with 10 companies. I am on benefit with two kids and not much money. The debt manager wants 40 of my 100 each month and says it will take me 8 years to pay it off. But is that the best way. I offered everybody 5 to ... Read More »

                      I’m Always Broke. What Can I Do? – Blanca

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                      Blanca “Dear Steve, Can you give me more or less guidence on what I need to do. I take home about $1,900.00 single parent and Im in debt about $11,000.00 I make more then the min payments but I’m always broke currently I just fill overwhelmed with not being able to have money. Do you think bankruptcy is one of ... Read More »

                        CCCS of Greater Atlanta Said They Can’t Help Me. – Wanda

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                        Wanda “Dear Steve, My husband and I are retired on a Gross Yrly income of $43,452. Our unsecured debts are over $94K. I ran all my information through CCCS Atlanta online counseling. They said I couldn’t do the Debt Management Plan because my income was to low. My net worth is a little over $69K. We have no cash savings; ... Read More »

                          We Have Always Paid Our Bills On Time And I Don’t Want My Daughter to Suffer Now That We’ve Got Problems. – Kim

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                          Kim “Dear Steve, We have always paid our bills on time. We own our house. We are 85,000 in credit card debit. Both of our salaries have been cut. We have 2 kids and one of them rides horses. We pay about 800 a month on that and I can’t take that away from her. She makes all A’s, and ... Read More »

                            My Debt is Affecting My Everyday Life and Relationships. – Enrico

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                            Enrico “Dear Steve, I have $85,000 in credit card debt and $40,000 in student loans. I have $7000 in the stock market $3000 in savings and $11000 in my 401k. I am a PhD scientist and make ~$100,000/yr. My debt is primarily from credit cards during 6 months of unemployment between PhD and first job. Also, the credit cards were ... Read More »

                              My Dad Took Out Cash Advances on My Credit Card And Took All of My Savings. – Heather

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                              Heather “Dear Steve, I am a recent MBA grad who got into a lot of debt before and during school because I needed to help out my family. Due to my dad taking out cash advances on my credit cards and then my having to live off my credit cards during school because I had also given him all of ... Read More »

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