Debt Reduction- Advice On Credit Card Debt Reduction, Debt Reduction Services, And Debt Reduction Plans

T W asked:


is her husband’s income automatically figure into the equation if I take her back to court to get a reduction? I mean me and my fiance make as much less than they do, but the court order is based on her having an income of only $700 per month. But she gets $700 in social security benefits plus she works, but I am having a hard time figuring out where, plus her husband makes about $3500 a month, mostly tax free once they claim the kids. My fiance and I make $7300 or $4500 after taxes, but then I have to pay her $1600 and buy $200 a month in health insurance, so we end up with $2700. I figured it out for every extra $1000 I make, she gets an extra $275, and after taxes and child support, I keep $400. For every $1000 increase in her income, my child support is reduced about $50. But you know, every little bit helps…

Before anyone starts yelling at me for not wanting to take care of my kids, I currently work 2 jobs, leave the house at 7AM and come home at 11PM, and still my electricity is going to get shut off. I raised them on my own for most of their lives, and my ex owed my $20,000 in back child support when we re-married 6 years ago because she only paid me $150 in 6 years, and she or the lawyers got everything in the divorce, including the $3,000 car and $12,000 in cash (above and beyond what her lawyer got). All I got was 1/3 of my retirement ($12,000), which I cant touch until I quit my job or retire, the $500 car, $5,000 in credit card debt, and the mortgage on a 5-bedroom house which is under water by about $50,000 (which my mom lives in now; I live in a tiny rented town-house).

Richard

the queen asked:


My soon to be husband makes $133,000.00 a year and after a very nasty three year divorce he was ordered to pay her (between Child support and alimony) $2990.00 every two weeks. The court has make it where he is not allowed to claim any of the three children so instead of being able to claim married 5 he has to now claim married 1 this brings his take home pay down to $3100.00. He did the math yeasterday and a man that makes 133000.00 is now allowed to keep a little over $5000.00. We live in a very small town and I really believe that the judge was bought off. The judge also gave him ALL of the marital debt. So in order to get out of the $1200.00 a month payment to pay off his wifes shopping habit he has now filed a chapter 13 and brought his pay ment down to $260.00. We have filed for an appeal and were told that we have a great appeal and that it sould come through fine. I believe that he should have to pay for the three kids that is not a problem but I just dont see why he should take all the debt and pay her $1700.00 every two week. while he is left with nothing. Someone somewhere must have made a mistake with the math. Do you think its possible to get a reduction in child support for the next year so that he can afford to live until the appeal comes through. We have the kids two days one week and 5 days the next… it cost more than what he is left with just to feed his kids,
1.Let me add… his Ex wife does infact have a job where she make $36000.00 a year.
2.For those of you bitter woman that said he should not take anything away from his ex wife or the children let me tell you this woman hasnt bought her children ANYTHING since the day he left. We have bought it all.
3. Before the last judgment he was paying her $2000 every two weeks… the new rulling was for $2990.00 so yes he has to pay back alimony.
4. He was seporated from her for 1 year befor we met and the divorce was three additional years in court.
ALSO…. she admited in court that she felt that *** was only needed once a year unless you were trying to have a baby. I was there… I heard it with my own ears…. He put up with that for 15years.

Alia Jach

owaowa asked:


Hello,

I have a huge problem with my ex and our house that we share. To sum up the story, we were never married just engaged when we bought the house in 2006. We broke up 1.5 year ago and I moved out since he wanted to stay and make payments. We had a huge fight when we broke up. He tried to have me sign the deed of our house over to him and still keep my name on the mortgage. In addition to closing and taking our savings that we had. This was all after, I agreed to take half of his credit card debt (all in his name) since it was our debt technicaly and I felt quilty of him just paying back for it. This was all before the deed scenario.

We sort of had a falling out and things just remianded where he stayed there and was making payments. Now, he started to email me again regarding the house, I received 20 emails in about a week from him. I’m just scared that he will take advantage of me, he is foreclosure/real estate attorney and I’m having a hard time believing him especially after the break up. He’s deceived me so many times in the 6 years we were together in every way possible.

He is telling me the new options that are available and that we could finally resloved this situation. Here is a snap shot of the email that I got from him

“1. Prevent damage to either of our credits.
2. Ideally, get rid of the house either via short sale, deed in lieu (which
means give the house directly back to the bank), or principle reduction and
then sell. I don’t need a 3bd house at $2k/mo. This depends on what the
bank will agree to. It’s not in my control, but I will pursue and argue for
this as much as possible.
3. If getting rid of the house is not possible and we are stuck with it for
now, then I would at least like to reduce the payment via an interest rate
deduction.”

This was all after he told me how he was doing very well with his law firm in the inital email and that his accounting (he’s a cpa as well) contact expired and he can be considered unemployed giving us a golden ticket out of this mess. I just don’t know what to think, he wants me to send my documents to our mortgage bank so they can look at the options. I told him I would do this monday after he kept emailing me non stop. Do you guys this I need to get a lawyer and if so what kind rela estate/family. I’m so scarred of him and I don’t know what to do nor do I have any $ to do anything. I work and go to school and I’cant afford any extra attorney expenses. Can someone please give me any sort of advise, I have no family/friends to turn to. I’m scarred for my life and I don’t want to have anxiety attacks like I used to.

To emails that he sent were vague and he initially wanted to do a modification option but now he is saying he’s ok financially but wants the option #1 in the email. He is always vague and always has a alternative motive with everything. To make things weirder, he emails this to me after he breaks of with his gf (who’s company is moving into my office bulding, on the same floor on monday). He sent me an email the next day after they break off. I also know some people at his gf compnay since my ex used to work there (he got her a job there) and I’m freaking out even more.

I don’t know what to do. I feel so scarred and I was on medication for a year due to our break up and the aftermath that occured. All of ‘our friends’ stopped talking to me since I met them through him (incuding the one’s that are moving in next door), At one point I even tried to kill myself by overdosing on my medication. I thought I was ok since I’ve been seing a therapist but him emailing me has brought everything back.

Sorry for the long question. Any advise would be appreciated. Thanks

I also tried to call the free government number they have available, but they don’t seem helfpul.

Ivory Boyle

AZMAN asked:


We are in debt up to our necks, she took a career change 4 years ago and a 50% reduction in salary. She wants to stay in the house, have me move out, she will rent the other rooms to gain $$$. She wants the divorce to go Through but we are totally upside down on the house by $70K. So do I get the legal separation, provide the spousal support$$, and get the divorce then co-own the house till the market recovers to make some profit on the house. Seems I am getting screwed but I don’t have a choice? Any insight can be shared. In Arizona BTW. Thanks from a new member
Thanks for everyones advice. TO address some questions for clarity she is a flight attendant want to rent to other in the business. She had an affair 4 years ago that I found out about, then a DUI, then I tried to take my life. We it all ****** but I tried to retain the relationship. Due to a accident 10 years ago I became challenged with a severe leg injury that had made me depressed, on meds, and not the same fun person I used to be. Thats real but she is not happy neither am I, so its time to move on with life. But the house my be the only investment I have left since I lost 40K this week in my retirement. So I am 51 years old and walking down a very unsecure path. Your advice is very help. The attorney is great but I don’t have the dollars, so is a para legal another option? Thanks from AZMAN

Oretha Scariano

i am zoe! asked:


Okay, here’s a scenario (sorry for the long story):
A married couple with two kids. The mother makes 1/2 the amount of money the father does. The father gives the mother a hard time about providing financially for the family. The mother knows that he’s cheated on her in the past (and there is a possibility that he’s still cheating on her). So he accuses the mother of not contributing towards the household money, especially for the kids, but the mother contributes as much as her salary allows her to. The husband, on the other hand, contributes less than she does (remember, he makes twice as much as her), but he says he pays for everything. Obviously not true. The problem is, when his kids ask him for money, he tells them he cant give them money because has so much debt that he has to pay off (he blames the debt on the kids). He’s very convincing when he speaks, but the problem is that he never shows anyone any proof of his debt. When he fills out financial papers, like applying for a price reduction on something, he does not write down the debt he supposedly has (the mother has seen these papers because he has forgotten to hide them where he usually hides his papers). Oh and dont mention anything about a divorce. There’s a huge chance that wont happen.

How is he in debt when he doesn’t really contribute a lot of money in the household. The mother makes less, but spends more and she has less debt than he does. How does that happen?
Is it possible that he is lying about his debt? How does one know?

Leon Pehl

Lovable asked:


Its not anyones but their own fault for getting themselves into debt. Now I know their are differ situations so let me explain myself correctly:

Now I understand if you had a reduction of income and now ur not able to pay back debt. But why didnt you plan for these situations in the first place. Why did you go and charge what you cannot afford? After all that is one reason us Americans are in so much debt…. living outside our means. IF YOU CANNOT AFFORD, DONT BUY!!!

Now some exceptions are understandable:

Medical reasons, lack of education in order to obtain a good job to survive, using credit for LIVING EXPENESE, and im sure many reasonable explanations.

My point is why do many people with debt complain about their creditors when they new what this debt could do to you. Especially people with fairly great incomes.

Example: A couple is making $9000/month net income. One of them loses their job so now they down to $5000/month, yet they have 35k in unseucred debt. Living a great life with a great mtg, 3 car pmts ( new vehicles) and they still complain and whine about thier debt, their creditors , the economy. That just does not make sense to me. First of all, with this income you shouldnt even hae to use credit cards, why cant people just live within their means and adjust your life style with what you can afford!!!

Im just wondering what all of you have to say. Doesnt it make you angry that you would want to have the same luxuries and priviliges and people with great jobs and incomes do not appreciate?? Many people do not even own homes or even a vehicle. Why are we Americans so selfish??

Do you agree?
I posted question in wrong category. You answers are still appreciated!
FYI…I live a very well blessed life myself. I have learned from personal experiences the reality of our society and how not to place myself in these situations. I do sound very judgemental but I really do not think its for for others. This is my personal opinion and everyone is allowed to have one.
This has nothing to do with being jealous. I am NOT jealous of people going through these situations.

Good for you if your lucky enough to live a good life, my point is why do many people not appreciate it!!
Obviously some people are not reading carefully. I did say that their were exceptions that are understable!!!

Yasuko Rady

i am zoe! asked:


Okay, here’s a scenario (sorry for the long story):
A married couple with two kids. The mother makes 1/2 the amount of money the father does. The father gives the mother a hard time about providing financially for the family. The mother knows that he’s cheated on her in the past (and there is a possibility that he’s still cheating on her). So he accuses the mother of not contributing towards the household money, especially for the kids, but the mother contributes as much as her salary allows her to. The husband, on the other hand, contributes less than she does (remember, he makes twice as much as her), but he says he pays for everything. Obviously not true. The problem is, when his kids ask him for money, he tells them he cant give them money because has so much debt that he has to pay off (he blames the debt on the kids). He’s very convincing when he speaks, but the problem is that he never shows anyone any proof of his debt. When he fills out financial papers, like applying for a price reduction on something, he does not write down the debt he supposedly has (the mother has seen these papers because he has forgotten to hide them where he usually hides his papers). Oh and dont mention anything about a divorce. There’s a huge chance that wont happen.

How is he in debt when he doesn’t really contribute a lot of money in the household. The mother makes less, but spends more and she has less debt than he does. How does that happen?
Is it possible that he is lying about his debt? How does one know?

Shanon Richer

deimodius asked:


My wife and I each make about $50,000 a year, we both have credit card debt and student loans. we bought a house last year, so mortgage payments too, and we have two boys (12 & 15)

So far we have been ok, but I don’t feel we are getting ahead with our debt reduction. The house market is starting to go down, and interest rates will go up.

Every time I suggest we make a budget and cut some luxuries (like cable TV) she gets mad and accuses me of not trusting her with our banking. Now she also has her mind set on buying a new washer/dryer! the set we have are old (about 15 years) and normal capacity, but they WORK. She insists that we need new, larger capacity ones.

I will probably get a bonus for Xmas, and she wants to use it for the washer/dryer.

We’ve already borrowed money from her parents twice, and I can’t ask my parents for any. What we NEED is a budget, but she won’t talk about it!

What do i do? I thought about asking her parents to intervene, but that might make it worse.

Rachele Koenning

Lovable asked:


Its not anyones but their own fault for getting themselves into debt. Now I know their are differ situations so let me explain myself correctly:

Now I understand if you had a reduction of income and now ur not able to pay back debt. But why didnt you plan for these situations in the first place. Why did you go and charge what you cannot afford? After all that is one reason us Americans are in so much debt…. living outside our means. IF YOU CANNOT AFFORD, DONT BUY!!!

Now some exceptions are understandable:

Medical reasons, lack of education in order to obtain a good job to survive, using credit for LIVING EXPENESE, and im sure many reasonable explanations.

My point is why do many people with debt complain about their creditors when they new what this debt could do to you. Especially people with fairly great incomes.

Example: A couple is making $9000/month net income. One of them loses their job so now they down to $5000/month, yet they have 35k in unseucred debt. Living a great life with a great mtg, 3 car pmts ( new vehicles) and they still complain and whine about thier debt, their creditors , the economy. That just does not make sense to me. First of all, with this income you shouldnt even

Scotty Digiambattist