Question: Dear Steve, I used to work for the Department of Defense on a military base. I worked for several years. I had to stop about six months ago. My husband is a retired disabled veteran. Now we have too many payments and one paycheck from his retirement and social security. We decided to voluntarily …
Question: Dear Steve, I was in the process of rebuilding my credit so my interest rate on my car loan is high. Recently I had some financial changes, and the monthly payment on my car loan is too high for me to handle. I tried to do a settlement offer but they want more than …
“Dear Steve, I purchased a vehicle from Toyota back in 2011 I believe , we’ll I got a really screwed up deal, payments of 530 a month with a co-signer , 60,000 miles on it and it was used. 19% interested rate, we’ll I was able to make payments for a while until I got …
“Dear Steve, Almost 7 years ago I voluntarily turned my vehicle in for repossession. I wasn’t behind, but I knew I couldn’t afford it and handle a mortgage since I was purchasing a house. Fast forward to this day it is on schedule to be removed off my credit in January of 2014 according to …
“Dear Steve, Car was turned over for voluntary repossession in 2010 due to engine failure and inabilty to continue making payments on a car that would not run. Not scheduled to come off credit report until 2017. Balance is approximately $8300 on the loan. Original loan amount was around $15,500 from 2006. Should I attempt …
Military vet about to be in the reserves to finish my obligation I have the same question as yvonne. I purchased a truck in 2007 and it is worth about 4000 to 500 dollars but my payoff is 7300. I cant sell it for the amount i need because im in PA and its two …
Tabitha “Dear Steve, Voluntary Repossession of Vehicle, Stll making payments and up to date but cannot aford full coverage insurance and payments plus payments on personal loan to fix vehicle that was a gift (cheaper to fix gift) My credit is already crap and I really need to get out from under a vehicle that …
“Dear Steve, My wife and I have a car that we are in desperate need to get rid of. I currently owe about $13000 for it still, but it is really only worth about $5400 according to KBB and the Car Dealership we are working with to try and get a new one. After the …
Nate “Dear Steve, A friend of mine and I bought a car last year valued at $35,000 for $30,000 out the door. Within the last year the price had dropped to half the amount owed on the loan. She decided to quit paying on the car and left me with the bill. I have the …
I was looking through the recent search phrases on the site this morning and thought I’d take a whack at answering some of them quickly so I’m trying a new approach, the speed round. What happens if you do not answer a debt collectors who is an attorney? If you mean answering the phone, you …