Ask Bill a Debt 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?

What does hindering secured creditors mean in Tennessee, and what are the penalties for doing so?

I am wondering what hindering a secured creditor in Tennessee means exactly. What qualifies as hindering a secured creditor?

What can I do to remove derogatory items Nelnet placed on my credit report?

I have two loans with Nelnet. They total about 37k. Through lack of communication with my wife (we have 4 kids) we both thought we were on autopay with Nelnet. Turned out we were not. My fault, yes but Nelnet should have contacted me. Anyway, I have 90-day lates on both loans on all three CRAs. I have Lexington Law (credit removal) working on getting them removed. Anything else I can do? Can...
Read full question

Will I Restart the Statute of Limitations On My Debt If I Move to Another State?

Will the statute of limitations on my old credit card debt restart if I move to another state?