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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 Credit Union Won’t Give Me My Car Title Because I Have a Credit Card Balance

Black Leather Flogging Whip and money on white background. Not i

“Dear Steve, Worked for this credit union who in the past had federal investigators in when there were bogus loans. Worked there for 15 yrs. I paid my car loan off with my credit union but they won’t give me the title. I owe on a visa account there and they are pulling the cross collateral trick. Thing is I ... Read More »

Is My Plan to Deal With My United Recovery Debt a Good One?

stolen idea

“Dear Steve, 1. 1993 – I get a credit card, my first and only (Cap One). 2. It’s fine for several years. 3. 2003 – Divorce, followed by scary major illness; unable to work. Disaster. Balance creeping up. 4. More disaster. Long irrelevant story. I use the cc to pay the rent. Keeping the roof over the kids’ heads. 5. ... Read More »

How Can I Get Out of This Judgment and Wage Garnishment?

debt hole law tada

“Dear Steve, In 2008, at the age of 18, I moved out of home, into an apartment with a roommate. The rent was high ($1300/mo), and about 4-5 months into the lease, my roommate’s work started to decline. One morning, she up and moved out, and with management (which has since changed, and the rates have lowered) being completely unhelpful, ... Read More »

I Co-Signed for a Private Student Loan and It’s Killing Me

robbery

“Dear Steve, I co-signed a private student loan that is now in collections and ruining my DTI. I found your petition for the Fairness for Struggling Students Act on change.org. Have you had any contact with Senator Coons or anyone else on the senate judiciary committee regarding this? I am a DE resident and trying very hard to push on ... Read More »

Does a Debt Consolidation Program Lower My Credit Score?

Mature woman confused

“Dear Steve, I need to consolidate credit card debt of $9,000.00. Does debt consolidation go against my credit rating, or lower my score? Do I have to close out my credit cards with my creditors to go forth with the program? Phyllis” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, ... Read More »

How Do I Settle My Debt With a Collection Agency?

Financing a budget

“Dear Steve, Time to Face the Dragon? I have 40k in credit card debt amassed during 2 years of unemployment. 28k of it has been sold to third party collectors. I am now in a position to clean it all up. I realize now I should have declared bankruptcy. But it’s too late now since I am employed again. So- ... Read More »

I’m Afraid of Bankruptcy But Struggling Each Month

adding up

“Dear Steve, Single mother, income 1600 after deductions, credit card debt 27,000. I have a house and I’ve been making payments for two years of 928 monthly. I have an equity of 26,000. No paymentys behind. You advised me about filing chapter 7 bankruptcy, and even though I don’t want to do it, at this moment I am sure It ... Read More »

Can I Get Macy’s and Capital One to Please Charge Off My Credit Cards? – Brigitte

End of stress.

“Dear Steve, I live in California, I’m 55yrs old woman, my 3 daughters just finished college, last month I lost my job, I have 2 credit cards, one is Macy’s for $5,000 and the other Capital one for $5,000, do you think if I call them and let them know I’m unemployed they will charge off my cards? is it ... Read More »

Is Home Remedy Center, Affiliated with Prudent Law Group, a Scam? – Alana

Drive Carefully

“Dear Steve, I own a home and have a jumbo loan (over 700K) with 6.5% interest with Wells Fargo, and loan is with a private lender, not a Fanny Mae or Freddie Mac loan. Wells Fargo refused modifying the loan or reduce theinterest. We are current on payments. I was contact by Home Remedy Center, affiliated with Prudent Law Group, ... Read More »

A Brain Tumor and Private Student Loans Led to a Life Lesson. – Sally

medical-bills

“Dear Steve, Daughter was dx with brain cancer while attending college away from home. She went through brain surgery, radiation and chemo. She was able to obtain her degree (took 7 years). She has private student loan debt for approx $50,000. We co-signed her loans. We also have Parent Plus loans for her and her sister totaling another $50,000. During ... Read More »

My Credit Was Hit by an Uninsured Motorist and Left With a Traumatic Injury

paramedic-square

“Dear Steve, Dear Steve, I was in an automobile accident in 11/’05, hit by another driver who had stolen a car, therfore I was unable to sue anyone for the accident. I had no health insurance and my uninsured motorist policy was $100k, which of course the hospital negotiated a payment towards my $300,000 bill. I was in an automobile ... Read More »

Will I Be Stopped at the U.S. Border if I Leave Australia With Debt I Can’t Pay?

Passport with US visa and "admitted" stamps

“Dear Steve, In 2011 I went to the United States I am a US citizen when I returned to Australia I thought I would still have my job but that didn’t happen and have been unable to get a job I have not contacted the bank in 2 years out of fear. I’m on centerlink benefits because I had to ... Read More »

Can I Get My Vehicle Out of Pawn With a Title Loan? – Kelly

money down the drain

“Dear Steve, Currently have a title pawn for $5000. I know these are stupid, but desperate people do desperate things sometimes. the monthly payment I have to pay is $500 which is the interest. more if I want to bring down the principle balance. Are there any legitimate companies out there that will assist with a title loan payoff. Meaning, ... Read More »

Maybe You Should Not Go to College

Praying

I hear all the arguments about the value of a college education. And I agree with much of that. But the fact is not everyone who goes to college and takes on student loan debt graduates or even graduates into a field that pays enough to service the student loan debt. In fact 75 percent of people with student loan ... Read More »

Should I Use My Retirement Money to Pay Off My Student Loans? – Cynthia

process

“Dear Steve, I would like to know if I would be better off paying off student loans with a retirement plan disbursement from former employer I have about $26,000 in SallieMae student loans. I will be receiving a disbursement from a former employer for Profit Sharing and Money Purchase plans. I want to know if I would be better off ... Read More »

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