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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.

I Signed for a Car for My Ex-Boyfriends Brother. – Jessica

kicked_in_the_nuts

“Dear Steve, I signed for a car for my (now ex) brother in law. It is a very expensive car. Its been in my name for about a year now, and as of right now, there is about 37,000 left on the loan. He has been habitually late, 30+ days late, 9 times! I am not with my boyfriend anymore ... Read More »

My Wife Was Sued Over an Old Debt From a Previous Marriage. – Chris

closeup of a gavel on cash, from above

“Dear Steve, My wife had a BofA credit card she acquired during her previous marriage. Long story short shortly after receiving the card, her husband filed for divorce. She had no money and reverted to using the credit card to pay for essentials to take care of her kids and herself. As you would expect she fell behind and tried ... Read More »

Consumers Benefits Alliance Says They Can Help Lower My Interest Rates. – John

Big Scam Dog

“Dear Steve, We are struggling with credit card bills, car payments and college bills. I have resisted using ‘credit counseling’ services, as I understand that our credit score will suffer just as badly as if we declared bankruptcy. I came across Consumer Benefits Alliance LLC. Do you have any information about these people….? I have been talking with Matthew McLevich ... Read More »

Fannie Mae Wants to Settle Our Mortgage Debt for Less Than We Owe. – Dorrie

gift

“Dear Steve, Reduced payoff and the mortgage is in good standing We have a house mortgage with SLM (Fannie Mae). We have been getting letters from them stating that we are eligible for a reduced payoff if we refinance with another Mortgage Company. Now mind you we are current and always been current (direct payment from our checking account). First ... Read More »

I’m So Stressed and Deep in Debt I Don’t Know What to Do? – Julie

hug

“Dear Steve, I had my first child in 1990 and have been an at home mother ever since. I left my good paying job to raise my now 4 children and would do it all over again. I have accumulated over $170,000 in credit card debt and need to find a way to pay this off quicker to get some ... Read More »

We Are Old, Ill, and the Worry and Stress Over Our Debt Are Killing Us. – Glenna

brand new ending

“Dear Steve, We are seniors in our mid seventy’s very bad health. We have credit card debt because we have had to put medical bills and medicine,plus living expenses. We owe 14,000.00 and having a hard time making minium payments. HELP, our only income is our social security. We don’t know how to handle this. Our health is getting worse. ... Read More »

They Say I Can Get Rid of My Debt Because of Dept of Treasury Publication 4681

doctor-xray

“Dear Steve, I am currently experiencing a financial hardship and looking for help. I keep receiving mail from an Assistance Center. I’ve received two different mailings that are basically the same but with different phone numbers. I called one number and I just had a bad feeling about the legitimacy of it. Both notifications reference the Dept of Treasury Publication ... Read More »

My HELOC Keeps Rejecting My Loan Modification Attempts

No problem

“Dear Steve, I am writing regarding a 2nd (HELOC) on my Condo. When I lost my job in 2010 – I fell behind on my mortgage and HELOC – I went to then Countrywide and they said they would work with me but, didn’t – then when it was sold to B of A, the situation got worse. I finally ... Read More »

My Husband Proudly Serves in the US Army But Has Student Loans

Military Flag

“Dear Steve, My husband is in the US Army has been proudly servicing since 1998. He is considering retirement (he has prior service before 1988 which counts towards his 20 years). He has about $44,000 left of his student loans. His loans were consolidated since shortly after 1998 (his graduation from vet school). We don’t seem to be making a ... Read More »

How Can I Best Settle My Kids Student Loans?

emergency exit

“Dear Steve, Have 2 kids who are heavily in debt [one just lost their job] each has a separate student loan [57k and 83K] which they are on time paying, but won’t be for long. As their Dad I want to remove [payoff with discount where possible] both loans. What is the best way to do this with 2 separate ... Read More »

Universal Debt Services Gets Order to Make Restitution

The folks over at the Connecticut Department of Banking, otherwise known as the people you don’t want to F with, have reached out and touched Universal Debt Services, Inc. in New York. The State assets the following: 1. Respondent is a New York corporation with offices at 100 Veterans Boulevard, Massapequa, New York, and One Cross Island Plaza, Suite 100, ... Read More »

I’m 22 and Need to Fix My Credit So I Can Buy a Car

credit good

“Dear Steve, I am 22 years old. I have never had any help with my family with any money growing up. I graduated High School in 2009 and started out with a couple credit cards. Bank of America for School books and Best Buy for a laptop. I also had a car payment that my sister had underneath her credit ... Read More »

Our New Expenses Leave Us Unable to Pay Our Credit Cards. – Erika

We are going to need some voodoo for this situation.

“Dear Steve, I’m a 39 year old married woman with a 11 month old infant. My husband is a stay at home dad. We only have 1 income. We recently are in the process of building a new home. We currently live in a Condo that will be rented to ensure that the mortgage and condo fee are covered. I ... Read More »

My Debt Makes Me Sick and I See No Way Out. – Emily

don't give up

“Dear Steve, I am in financial turmoil right now and I am extremely stressed out to the point of being sick because of it. I work a full time job, but I don’t make enough to support myself. I do have some physical restrictions due to the physical nature of my job and having it take its toll on my ... Read More »

Homeowner’s Relief Line Commercial – Caution

IMG_0163-private

Yesterday I spotted a new debt relief commercial on television for some company that claimed to be Homeowner’s Relief Line. The commercial made all sorts of claims about saving your home from foreclosure, helping with loan modification and giving the impression the consumer is the victim. In general and in my experience, these types of commercials are funnels for people ... Read More »

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