“If I could just get a loan, everything would be fine.” Sound familiar? Before you drain your 401(k) or sign up for another debt consolidation loan, let’s talk about what actually changes—and what could leave you right back in debt.
Steve, the original Get Out of Debt Guy, and Damon Day, the new Get Out of Debt Guy, tackle credit card debt, medical bills, and the expensive decisions people make when financial stress takes over. No lectures about being a bad person because you owe money. Just an honest conversation about getting out of debt without making your next problem bigger.
In this episode, we discuss:
Whether a parent’s nursing home bill could become your responsibility and what to watch for in admission paperwork.
Hospital financial assistance and questions to ask before paying a medical bill.
Class action settlement payments, refund scams, and finding unclaimed money.
Old Military STAR Card debt and how it can come back to haunt your Social Security benefits.
Why using retirement savings to pay off credit cards can create bigger problems.
Living paycheck to paycheck on a six-figure income, lifestyle creep, and the rising cost of raising a family.
Plus, a $30,000 hospital bill, expensive burritos, and the ongoing challenge of enjoying your life without financing all of it.
Find more stories and debt help at GetOutOfDebt.org. Reach Damon at DamonDay.com.
