Ask Bill a Debt Question

I am enrolled in a debt consolidation plan. I received a summons from one of my creditors. What do I do?

I had a credit card debt and I lost my job. Due to this I went into the debt consolidation program and paying money to the program from my husband's account. Making this arrangement I moved back to my native country for good. Recently my spouse received a summons under my name from the local court for the defaulted amount. Since I am not in the country I am not sure how to handle this. P...
Read full question

Is Debt Cures a good solution for my debt relief needs?

If I do not pay my medical bills, can the doctor or hospital sue my spouse and garnish wages?

I have had several surgeries and recently lost my job in February 2010. I have several medical conditions that make it unable for me to hold down a job. We have received several small claims judgments against us for medical bills, 95% which are mine. My spouse holds our policy through work, so they add my spouse's name to the judgments. Can I file separately for bankruptcy without them g...
Read full question

If I get a $87,000 HELOC at 5.75%, what will my monthly payment be?

I am trying to figure the monthly payment of a HELOC. Total HELOC loan = $87k, 5.75% interest I want to take the full amount of $87k all at once and I would like to lock into a rate immediately for the full $87K. What will the loan period be and what is the monthly payment?

I cannot pay my student loan. What if I took out a life insurance policy and promised to make the lender my beneficiary?

I have several student loans with Wells Fargo which are overwhelming. I would like to take out a life insurance policy for double the amount due and sign it over to them. Will they accept a settlement like that?

Should I take a distribution from my 401(k) to repay my student loan early? I will save $24,000 in interest. That's smart, right?

I am contemplating pulling money out of my 401(k) to pay off my student loans. I owe $26K at 7.25% and using a calculation realized that if I take the full 20 years to repay my loan I will have paid over $24K in interest. If I pull $20K out of retirement I would have to pay a penalty, but wouldn't it be better than paying the $24K in interest?

If my ex-spouse refuses to pay a debt ordered by the court, may I garnish his wages?

I left my ex a year and a half ago and the divorce was final this last February. Almost all of the debt was in my name. I assumed $9K and he was to assume &7K by making me payments. He is not making payments and we do not have kids. Is it possible to garnish his wages?

I cannot enroll in my next semester because of a hold on my account due to a charge at health services. What can I do?

I am very anxious writing this question but here it goes: My payment for college was past due for a couple of months at a agency and I paid off the account a month ago so I could enroll. Then once I paid the hold I thought I could enroll for spring semester. Then they told me that I had another account that I had to pay. First of all, I was only aware of one account which is "student in...
Read full question

Can my husband's wages be garnished for my debt?

I live in Wisconsin. I think a garnishment of my wages may happen. What percentage can be garnished from my wages? This is a civil suit. I am married and need to know if my husband's wages can be garnished for the same debt?