My Parents Are in Bad Financial Shape. I’m Worried. – Angie

Angie “Hi Steve. My parents are 60 years old and have raised 5 wonderful children. They have struggled with money for many years and still continue to struggle with it. My dad has come to me twice within a year to help out financially with lending him some money which I happily did. This last … Read more

In a World of Hurt Writes and Wants to Know “Should We Tell My Parents?”

I got the question below through the GetOutOfDebt.org site from someone that identified themselves as In a World of Hurt. Feel free to visit GetOutOfDebt.org and ask me your question, you can use an anonymous name, it’s okay. “Dear Steve, We owe $103,000 on our first mortgage, $16,000 on our home equity loan, and $17,000 … Read more

I’m $850 in Debt, in College, and Don’t Want to Tell My Parents. – Jessica

“Dear Steve, I am a college student with 2 years left of undergraduate school and then one more year for grad school. I got a credit card last summer and was doing fine until school started. I couldn’t find a job so my bill racked up to around $850. I still am unable to find … Read more

Are the S Corp and LLC Debts Debts Going to Cause Us to Lose Our Home? – Sally

“Dear Steve, Bankruptcy Questions??? To file or not to file???? My husband has had an S corp for 12 years, he is the sole owner and whilst business was good he was paying all his bills and the mortgage. A couple of banks also gave him Credit Lines of up to $80,000 based on his … Read more

Three Years Ago We Had a Very Rough Year and Now Facing Rising Interest Rates. – Erin

“Dear Steve, My husband has his own business and 3 years ago we had a very rough year. We lived above our means and we now have $40,000 in credit card debt. We have $8,000 on a 14.99% credit card and eventhough we make our payments on time and sometimes even several payments a month … Read more

Borderline Abused Ohio State Student Ready to Start Digging Out of Debt. – Debbie

“Dear Steve, I am a student at Ohio State, and I have about a year left to go in school. I am pretty detached from my parents, who were both unfit and borderline abusive as I was growing up. I left home at sixteen to make my own way, and since then I have not … Read more

Charlotte Writes In, “I’m Desperate To Get Out of Debt”

Charlotte wrote to me at GetOutOfDebt.org and asked for free advice and help, which I gladly give. You can write me using the forms on the site. “Steve, I owe nearly $20,000 on a loan, a bunch of credit cards and some store cards as well. I’m 27 and I still live with my parents … Read more