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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.

A Truck Driving School I Never Attended Sued Me. – Randall

moving

“Dear Steve, A TRUCK DRIVING SCHOOL I NEVER ATTENDED HAS PUT A JUDGEMENT WITH EQUIFAX. THIS SUBMISSION WAS WITHOUT INFORMING ME OF ANY OF THE RELEVENT NFORMATION. EQUIFAX REFUSES TO REMOVE THIS ITEM. I LIVE IN S.C NEAR THE GA. BOARDER AND CAN GET TO ATLANTA. IN TWO HOURS. CAN I SUE EQUIFAX IN SMALL CLAIMS COURT TO GET THEM ... Read More »

Having Problems With a Debt Collector. Affordable Legal Help Available Here.

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One of the common requests I hear from readers is for legal help with issues surrounding their debt problems when they feel they’ve been hurt or abused by a debt collector. In the past I’ve always referred people to the National Association of Consumer Advocates and the GetOutOfDebt.org legal friends and protectors to find an attorney that is licensed in ... Read More »

Timeshare Resale Scam Infographic

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The FTC gets clever and puts of a great infographic on timeshare resale scams. Get Out of Debt Guy – Twitter, G+, Facebook If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Read More »

Odds Are You Are Going to Retire Hungry and Poor

If your 75 year old self could talk to you today about making retirement saving a priority, what advice do you think you'd hear?

Americans can be in as much current day denial as they want to about their future and what retirement will look like but recent studies show a significant number of people are not at all confident they will be able to retire with adequate income and savings. According to the Employee Benefit Research institute, 49 percent of workers surveyed said ... Read More »

Bankruptcy, Depression & Suicide. The Most Avoidable Tragedy.

Don't give up, there is truly a light at the end of the tunnel if you will just open your eyes.

People with problem debt are likely to be depressed. My own study in 2001 found that of those people who reached out for help 39.71% were clinically depressed and another 9.56% identified themselves as moderately depressed. Women tended to be more likely to show symptoms of depression than men. You can read more about this study at Survey Finds Debt ... Read More »

FTC-CFPB Debt Collection Roundtable Suggestions Could Kick Credit Counseling and Debt Settlement in the Nuts

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This past week the FTC and CFPB held a joint roundtable meeting where they brought together debt collection industry participants to talk about reforms in the debt collection space. A most interesting fact came out of the meeting, that the non-appearence rate among consumers being sued for debt is about 90%. That doesn’t surprise me. What does surprise me is ... Read More »

New Life Consultants / New Life Financial Solutions Gets a CT Time Out

Cure the disease

The Connecticut Department of Banking has issued a cease and desist and civil penalty against New Life Consultants / New Life Financial Solutions for running afoul of the Debt Adjusters and Debt Negotiation statutes. After giving the New Life folks a chance to respond, the State gave up and has now issued a $100,000 fine against the troubled company. – ... Read More »

June, 2013 G19 Release Shows Little Movement for Debt Relief Industry

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The latest G19 report is out from the Federal Reserve. Typically the debt relief industry is most interested or able to deal with revolving debt such as credit cards. The April, 2013 data just released shows revolving consumer debt rose at an annual rate of 1 percent while nonrevolving consumer debt rose at 6.4 percent. Nonrevolving debt includes automobile loans ... Read More »

My Mother Died, I’m Behind on Rent and My Car. I’m Scared. – Michelle

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“Dear Steve, My mother passed away in October – no life insurance – I took out 2 pay day loans and 3 payday installment loans to cover expenses and then my bank finally gave me a loan for her funeral expenses. But now I am caught in the vicious payday loan cycle and can not take care of daily living ... Read More »

You Literally Saved My Life and Financial Future. Thank You. – Steve

bankruptcy congratulations

“Dear Steve, I just wanted to say thank you as I owe you a debt of gratitude! My partner lost his job due to a health issue and has been unemployed for five years–I tried (in vain) to sustain my debts. I tried every resource to stay afloat. I quickly learned that there are resource to provide loans, payday loans, ... Read More »

I’m So Afraid of Bankruptcy. – Matt

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“Dear Steve, I have a lot of credit card debt and a home in foreclosure. My credit score is really hurting and so the attorney for the foreclosure advised us to declare bankruptcy. We have two cars and dont know how to handle the cars with regard to bankruptcy. My wife makes no income and I don’t know how she ... Read More »

Unemployed, Heart Attack, Stroke and Retired Mother Paying My Student Loans. – Jackie

Drowning swimmer

“Dear Steve, My husband and I filed Bankruptcy # 7 back in 2011, Most of the bills were medical but I added my student loan (Chase- Bank One) which Ive been told is a private loan. Everything was discharged except the student loan. I even sent a Hardship letter but it was after the hearing and I feel that maybe ... Read More »

My Medical Situation Has Me Hurting Financially. – Louise

heart

“Dear Steve, I am currently 53 years old and single (never married). I am a licensed practical nurse. I was working full time until 2005 – when I went into kidney failure and had to go on dialysis. Because of my illness I had to stop working and go on Social Security Disability. I was living with my Dad ( ... Read More »

How Should My Boyfriend and I Handle Getting Out of Debt? – Marissa

couple working

“Dear Steve, I have $64,000 in student loan debt and my boyfriend has $10,000+ in credit card debt. I make $18,000/year less taxes and he makes $40,000/year. We want to aggressively tackle our debt. I had been deferring my loans for years (or so I thought) but now I’m facing wage garnishment. We are in our 30s with no savings ... Read More »

I’m Think About Using National Debt Relief. How Will It Hurt Me? – Steven

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“Dear Steve, I am reaching a point with my debt that I am unable to get out from under. I am maxing out and while I can current on all cards and making more than the minimum payment, am never going to get out from under given that my current income is only about half of what I use to ... Read More »

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