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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.

My Major Depressive Disorder Let Me to a Lot of Private Student Loans I Can’t Afford. – Satasia

anxiety

“Dear Steve, The past three years have been difficult for me; I was diagnosed with major depressive disorder after a depressive episode that made me unable to attend school or work. Subsequent attempts to return to school were unsuccessful, as were attempts to treat my illness– I would start a semester hopeful, but sooner or later my illness would catch ... Read More »

Our Chapter 13 Bankruptcy Has Been a Nightmare. – Holly

path

“Dear Steve, My husband and I are in the middle of a Chapter 13 bankruptcy that has been a disaster from the very beginning. We were told we could only file 13 because of an appraisal on our house, a piece of property we were left from an inheritance along with several other family members (that we don’t want but ... Read More »

My Student Loan Debt Collector Won’t Listen to What I Can Afford to Pay

terrifying man

“Dear Steve, - I graduated college in 2009 after using what seems to be 5 different loan companies; sallie mae, chase, AES and two I can’t even remember. I have spent the last few years digging myself out of credit card debt holes due to not finding a job for almost a year after graduation. All my credit cards are ... Read More »

My High Income Ex-Husband Refuses to Pay What He Owes. – Jill

Super Hero - Female

“Dear Steve, My ex husband left my three children and me. Before he left he stockpiled marital assets offshore and borrowed off of our home until it was underwater. He claimed he no longer wanted to be a husband or father and signed custody over to me. Our children are 17, 15 and 13. He has not seen them in ... Read More »

The Bible Says We Should Owe Nothing. We Pray and Cry About Our Debt All the Time. – Heather

make better choices

“Dear Steve, Me and my husband have about 10 credit cards they are in collections we have 2 that are current and the car is current we need help I can only find part time work and my husband only has a part time job he goes to college to get a better job to support us his 4 year ... Read More »

Should I Pay Off My House or My Student Loans First? – Kem

fear

“Dear Steve, I am finally in a place in my life where I am earning enough money to pay my bills and have a little left over. After buckling down and sacrificing (and selling) a lot, the only debt I have left, besides my mortgage, is my student loan which stands at a little over $100k at about 5% interest. ... Read More »

How Should I Spend My Windfall? – Marie

process

“Dear Steve, No car payments, less than $8,000 in credit card debt and only one mortgage (at 6.5% interest rate). I will be receiving a lump sum of money at the end of July or first part of August in the sum of over $75,000. First car runs great and is 2009 model, second car is a 2000 model and ... Read More »

My Shopping Addiction is Being Treated But My Husband Says I Need Credit Counseling. – Mary

needy

“Dear Steve, I make $38000 per year, my position is “live-in” so I have no rent/mortgage nor utilities to pay, only my cellphone. I have about $15000 worth of credit card debt. I was close to being maxed out on most of them but never missed a payment (minimums) & always had money left over to shop online with after ... Read More »

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.

hiding-1

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

0368-timeshare-resale-scams-infographic

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

boxer

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 »

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