Ask Bill a Debt Question

I have a private student loan from WyoTech that I cannot afford to repay. They are threatening wage garnishment. What are my options?

I reside in Wisconsin, and went to WyoTech in Laramie, WY in 2008. I received a personal loan through the school itself for roughly $28,000. There was no grace period. I made a few payments here and there but nothing substantial. The interest rate is 18.9% and I cannot even afford the monthly accruing interest. They have no options for forbearance or deferment because it is not ...
Read full question

I need to know how to repay or get relief from my $120,000 in student loan debt.

I have questions about student loan relief. I don't have credit card debt, don't own a home or vehicle. I just need to know how to repay or get relief from my student loan debt, est $120,000.

I cannot pay my business line of credit. What are my options?

I received a $50K unsecured business line of credit from Wells Fargo in 1994 for a business established in 1987 - which closed in 2005. This line of credit helped me to grow the business and keep afloat during the lean years, but I found it impossible to stay in operation with the economy as it was. I kept current on payments until 4 months ago after they had jacked up the interest rate and ...
Read full question

What form do I need to report my paid mortgage to the credit reporting agencies?

I bought a home, never a late payment ever. The loan went through my realtor company and payments were made to Century 21 Mortgage. i have the title and all documentation that the home is mine free and clear. I never would have been able to do it with out my two daughters help along the way, over the years. I am disabled, getting worse all the time, unfortunately. I contacted Century 21 Mort...
Read full question

I am in a debt consolidation program and the creditor is suing me. What can I do?

Two years ago I got very sick (brain tumor) and wasn't able to work for many months. At that time I had to rely on credit cards and I accumulated over $15,000 of debt. During that period I was late with one payment and Citi raised my APR from 14.99% to 29.99%. I was paying them monthly around $400. After few months I noticed that most money that I am paying off is just for interest and m...
Read full question

Are ThinkCash payday loan contracts illegal and unenforceable in California?

This isn't really a question but rather a "posting" to verify some information that I've seen here related to questions/comments regarding PayDay Loan providers in the State of California. First, check your Loan Agreement. I discovered that often times what's noted as the APR % is not what's being charged. Often you may be charged more than what you agreed to. If they are charging a rate tha...
Read full question

What advice can you give me to manage my debt?

I am 22 years old and got myself into some serious credit issues when I was 18. My credit score is 546. On my credit report I have a deliquent credit card, a credit card in collections for $800, an electric bill in collections for $300, and a phone bill in collections for $200. I know, it's bad. I also have a credit card that I am a listed authorized user on which has been open for 4 years w...
Read full question

My home needs extensive repairs I cannot afford. Where can I find a loan or grant to make repairs?

I would like to know if I could take a hardship loan out for household repairs. My ceilings are falling, holes in the walls, leak from back porch ceiling, mold, bathroom floor is rotten, too much moisture underneath the house and I need installation in my walls because there is none and the house is so cold. My power bill is outrageous during the summer and winter. Does this type of repair q...
Read full question

How do I know which statute of limitations to use if my creditor is in Montana and I reside in Idaho?

I've been digging through the questions and have found many related to my personal situation but nothing quite matched. I acquired 2 medical bills in Montana 7 1/2 years ago. I now live in Idaho and have been contacted by a collection agency in Idaho. My first question is whether medical bills are considered written contracts? My second question is whether the collection agency has to us...
Read full question

How may I remove hard inquiries from my credit reports?

How do you get hard inquires off your credit reports?