I’m Drowning in CashCall and CashNet Loans and Should I Consider Bankruptcy?

Question: Dear Steve, I’m currently living with my mom and sharing half the rent for a 1 bedroom apartment. I work full time as a security officer for [ ] San Francisco. Age 33. My mother is 68 yrs of age. I have taken out money loans from lenders such as CashCall, CashnetUSA, and 3 … Read more

Is New Era Debt Solutions Legit and Should I Sign Up With Them?

Question: Dear Steve, I am about to sign up with New Era Debt Solutions are they legit. I am in a really bad way and already spoke to others like National Debt Relief and got scared away with their rush tactics, now I am talking to NewEra and everything I have seen on the web … Read more

I’m a Social Worker, Struggling With Debt, and Wondering if I Should Declare Bankruptcy? – Kate

Question: Dear Steve, 40-year-old single mom, 2 master’s degrees (still paying off at $700/mo), always gainfully employed as a clinical social worker, currently at same job past 8 years and currently at $66k/yr. The problem: after becoming pregnant 3 years ago, my ex dumped me, I relocated back to my hometown and moved in with … Read more

Struggling, No Savings, and Family is Telling Me to File Bankruptcy. – Kimberley

“Dear Steve, 53, steady income 57k, additional income from roomate of 25k, only assest 2008 car, mortgages 324k, cc debt 28k, 80k in retirement but no savings. Considering chap7 to eliminate cc debt. Current but struggling due to additional income of roomate has decreased due to medical problems. household expenses and mortgages are consuming most … Read more

Should I Declare Bankruptcy or Wait Four Years? – Lisa

“Dear Steve, I used to make $140k, but then got divorced and lost my job. We had over $100k in credit card debt. My husband already declared BK but I haven’t for fear it would reduce my employability. My debt went delinquent 9/09 so I have already put in 3 years and they will fall … Read more

Should I File Bankruptcy After My Divorce? – Marie

I was married for 11 years. My credit was always in good standing and I paid my bills on time. My now ex-husband and I kept all of our banking and credit card accounts separate. Reason being is that his credit was really bad. Due to helping bail him out of financial disasters over the … Read more

My Credit Card Company is Threatening to Sue Me. What Action Will They Take? – Monica

“Dear Lewis, I got a green card 8 years ago after marry my american husband and loads of offers of credit cards droped in my mail box.I ‘ve got a lot of credit even without ask for. Back in my country I’d always been a great bank costumer with 5 stars check accounts. I used … Read more

Husband Died. No 401K. No Life Insurance. Should I File Bankruptcy? – Patty

“Dear Lewis, i lost mt job in feb 09 did not find work until sept 09. though my husband worked we where not able to make ends meet. we have still been struggling to make ends meet even after i found a job. but in jan 2011 my husband died, no life insurance, no 401 … Read more

I’m Moving Back With My Stepmother. Should I File Bankruptcy or Go With Credit Counseling? – Maya

“Dear Steve, I currently bring home $2500.00 per month and I have been fully employed in outside sales for the last year. I have credit card debt of $45,000.00. I am trying to bring in more income and cut my rent costs by moving in with my stepmother if she agrees. Barring a new position … Read more

I’ve Been Thinking About Bankruptcy. – Bob

“Dear Steve, My wife and I have accrued about 90,000 in credit card debt over the past 4-5 years and the more we pay the more we seem to owe. I need help to determine my best route to get out of this debt, I have been thinking about bankruptcy Bob” Dear Bob, I think … Read more

Bankruptcy or Debt Reduction. What Should I Do? – Brenda

My question is which is the best alternative: dealing with a company who promises to help reduce of eliminate the debt or file bankruptcy? Total credit card debt is around 40,000 and am keeping up the minimum payments but looking at the interest rates, the debts are likely not to be paid until years from … Read more

Trisha is a Single Mom, Separated, and Facing Bankruptcy. What Should She Do?

Trisha “Dear Steve, I am a single mom and heavily in debt. I was living with my husband (we are legally separated) because of finances but recently I moved out. I am not behind on my payments at this time because I didn’t have to pay rent, utilities, etc. It is only a matter of … Read more

Misty Didn’t Have Health Insurance And Got Sick. Now The Bills Are Rolling In.

Misty “Dear Steve, I have a large amount of medical bills coming in from when I didn’t have health insurance. On top of that I have about $2,000 in credit card debt and roughly $10,000 in student loans. I have another $2,000 from a loan I took out. I now have two judgements on my … Read more