Questions about Reduce-Debt-Reduce-Stress

Submit your question about getting out of debt here. Please be specific - details help - but do not include personally identifiable information. (No account numbers, phone number, address etc. please.)

We will answer your questions as quickly as we can. Questions from those who have read the ebook will be answered first.

Can't seem to get on track We have alot of medical debt that we can't even afford to set up a payment plan with each creditor. Many have gone to collections. We are pay check to ...

High interest rate on a personal loan How to reduce or settle a extremely high interested rate on a personal loan?

Trying to Negotiate With Capital One I have tried negotiating directly with Capital One Bank for a reduction of interest rates (currently 16% and 23%) on a $10,000 debt. I am currently paying ...

$70,000 in credit card debt! I owe $70,000 in credit card debt. I am 36 yrs old and have never missed a payment. (18 years)

Business (self-employed insurance agent with wife and ...

Debt consolodation Five years ago I contacted an online debt company, to date I have paid them $1400.00,they are out of business, did not pay any of my debts, the p-eople ...

Using IRA to pay off credit card debt I have 29K in an IRA and $23,000 credit card debt at 9%. Would you advise using the IRA to pay off the debt? I am 40 years old.

Utilizing Whole / Universal Life insurance policy to get out of debt. An associate has informed me that a good method to get out of debt and create a retirement program is by investing in a whole life insurance policy. You ...

Closed account hurts credit score I had my credit card information compromised and, in reaction, closed the account instead of getting a new account and moving my balance. Since then, I ...

Settling Debts for Pennies on the Dollar Gerri,

I read where you were quoted as having seen settlement for as low as 10 cents on the dollar. I DESPERATELY need to document settlements for 10 ...

Student Loan Debt Hello,

I have approximately $120,000 in student loan debt. I make about $20,000 a year and they require around $495 a month. There is no more deferments ...

Paying Multiple Mortgages your books and on line advice has been very helpful! I do have a question I have not seen an answer to on your site.

I have 4 mortgages 2 are 15 ...

Can creditors take income tax return? Can a credit card company keep your money from your federal income tax to pay your debt?

Negotiating Credit Card Rates I have some credit cards debts but the interest is too high. I am willing to pay my credit card debts but I need help to bring the interest to a low rate....

Credit Card Debt Help! Please! I am looking for a reliable company that can help me reduce the interest rate on my credit card. I am a mother of 2 little boys and a 17 year ...

Reduce Credit Debt with Roth IRA withdrawal I have 6,000 in credit card debt at 7% interest. Is it better to take out 6,000 from my Roth IRA even though I would be charged 10% penalty to pay off ...

Credit inquiries from shopping for a car loan I have a question about how credit ratings are dinged by inquiries with lenders - car loans. My understanding is that lenders will check credit scores ...

Debt Reduction My total debt as of today is about $5,000. Only 675.00 is credit card debt.

My monthly income is $2,000.00 before taxes.i bring home about 1650.00....

Student Loans How can I avoid drowning in debt from student loans? I am about to start college...

What Path Do I Take? I am over $15,000.00 in credit card debt as well as $50,000.00 in student loan debt. I can't find a decent job even though I have two degrees. As a result ...

We received an offer for a fixed-rate loan for an 8% interest rate. We are tempted to try this to pay off our credit cards, since the balances are spread out across several cards right now and we are having trouble making ...

Debt Settlement Could you refer us to a good company? We are in serious trouble.

Residential Short Sale What is the effect of a short sale on your credit report and for how long will it show on the credit report?

Should we go bankrupt? Should my husband and I do a bankruptcy? Should we short sale our condo or foreclose?

My husband and I are in over our head and we don't know what to ...

Can't pay credit card bill My daughter has a credit card that she's having problem paying $4000. Is there a way to stop the card and just make payments. Will the interest and late ...

Debt Settlement Created A Mess We unfortunately were drowning in debt. I stress about this sort of stuff. We decided to use a debt settlement company. Things felt good for several ...

Debt Questions?

Here is the Place To Find The Answers!

Do You Have a Question About Getting Out of Debt?

Answers to Questions About Debt