Debt

Can I negotiate?

Bill had a judgment filed against him for an old, unpaid medical bill. He asks Dave if he can negotiate the debt, which is now $700 more than the original amount. Dave tells him it's possible, if he doesn't have $3,200, and explains the ins and outs of dealing with collectors.

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Mom has no assets

Joe's mom is a stroke victim. She's also 81, and she has no assets, but she has $15,000 in old debt. Joe asks Dave how to deal with the situation, and Dave offers advice on handling the debt and the collectors.

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Personal vs. business

Anne from Dayton, Ohio, asks Dave if he views personal debt and business debt the same way. Dave explains that the only real difference between the two is in your mind.

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Sell as-is

Kim and her husband are relocating. They wonder if they should take on debt in order to fix up the house they're selling. Dave has a short and simple answer.

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