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Author Archives: Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Student Loan Relief Center is Trying to Sell Me Help

calculator

“Dear Steve, I currently have my student loans consolidated under the Fedloan Servicing, under the graduate repayment plan, with my debt being $42,000. Recently the Student Loan Relief Center contacted me saying they can save me money by switching to them. I qualify for the income based repayment plan and they made it sound so enticing by saying I pay ... Read More »

July 2013 Senior Loan Officer Survey Shows Flat Line for Debt Relief

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As an indication of future demand for debt relief services, a good place to look for clues is the Federal Reserve report on senior loan officer plans. The July 2013 survey is just out but paints a continued flat line picture offer increasing unsecured consumer loans. “Responses from domestic banks indicated that they were somewhat more willing to make consumer ... Read More »

California Mortgage Modification Scammers Get Jail Time

mans hands behind bars in jail or prison

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) today announced that on July 29, four California men were sentenced for defrauding hundreds of victims in a real estate scam that included fraudulently collecting upfront fees for loan modification services and sending fake letters with mortgage servicer logos offering home loan modification assistance. Victim losses ... Read More »

You Always Get a Second Chance

what you believe

I understand how debt can drag you down and make you feel as if there is no hope. I’ve been there myself. I have the t-shirt. But what I learned along the way is reality is a lot different than our perception. The truth is we always have a second chance to have a better life. Every waking moment to ... Read More »

How to Get Out of Debt Without Getting Scammed and What to Do if You Have Been

How to Get Out of Debt Without Getting Scammed - Book 1 COVER

I just published my latest free ebook titled “How to Get Out of Debt Without Getting Scammed and What to Do if You Have Been.” Book Description It’s tough enough to have to face financial problems, but how do you make sure you can trust someone to help you? This book gives you clear instructions about what to look for ... Read More »

I Had a Brain Tumor and Then Became Addicted to Pain Killers. – Jim

yikes exclamation

“Dear Steve, Dear Steve, I was making about $100,000 year as a registered ER nurse. I had a tumor close to my brain removed. Became addicted to narcotics, told my work and board of nursing, checked myself into 28 days inpatient and 5 months outpatient 5 days then 3 days last 2 months. On unemployment extension, not paying: my private ... Read More »

My Student Loan Balance Goes Up Even When I Pay. – Basil

zombies

“Dear Steve, Basically ever since i graduated i was never able to find a job with my degree because either my experience wasn’t enough, or because the school wasn’t even known! I graduated in 2008 and about a few months ago we found out that my school was on academic probation the whole time and i didn’t know this, it ... Read More »

I’m So Afraid of My Debt. – Jes

worry

“Dear Steve, I really need your advice, I just came from your website and just reading about debt makes me sick to my stomach. I am in debt with credit cards about 15,000. I had great credit before hand hence why I could get the cards at a young age ( at 20/21) but now I got returned payments and ... Read More »

The Secret of Change

change

The secret of change as stated by Socrates was just as true a thousand years ago as it will be a thousand years from now. When it comes to life, love and debt there can be no dispute that focusing your energy in making tomorrow better is a much wiser thing to do. Far too many people, when it comes ... Read More »

Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

old man headache

Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem may exist here. One commenter ... Read More »

Debt Settlement Providers Pocketed Money, Got Prison

mans hands behind bars in jail or prison

Houstonian Nathaniel Chilo, aka Nathaniel O’Neil, 23, now convicted in two separate debt relief scams, has been sentenced to prison again, United States Attorney Kenneth Magidson announced today. Chilo entered a plea of guilty to wire fraud in relation to this case Thursday, Dec. 13, 2012. Today, U.S. District Judge Lee H. Rosenthal, who accepted the guilty plea, handed Chilo ... Read More »

Morgan Drexen and the Telephone Consumer Protection Act

Mature woman confused

I didn’t have a chance to write about this Morgan Drexen case the other day but I did discover it when I was writing this story. At first I thought it wasn’t even worth covering but the more I thought about it the more it seemed like a different type of suit against a debt relief company than we’ve seen ... Read More »

Poser Government Mailer Sells Debt Relief for LCG

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This self-mailer was sent in and it is clearly a deceptive piece in my eyes. The outside envelope clearly pretends to be a government mailer with the eagle and everything. It was sent from postal permit 507 in Santa Ana, California. An amazing reader FitGal sent in this new debt relief mailer through my I Buy Junk Mail program. The ... Read More »

OneMain Financial Loan Offer Mailer

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Today I’m reviewing a loan offer mailer from OneMain Financial. This offer is for what appears to be a store front high interest rate lender. We shall see if that holds true as I go with this review. An amazing reader fitgal sent in a new debt relief mailer through my I Buy Junk Mail program. Top of First Page ... Read More »

There Are Always Things to Appreciate

you are dead

Big Hug! Get Out of Debt Guy – Twitter, G+, Facebook Read More »

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