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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.

Have Consumers Really Learned a Lesson About Debt?

consumer debt levels

A recent publication out from the Federal Reserve appears to indicate consumers have learned to cut back on debt, at least for now. The reduction might be to a number of events and not just the sudden realization that too much debt is problematic. For example, people may be feeling less confident about the future and that’s driving their spending. ... Read More »

Is Student Loan Consolidation Center Really Related to Military Debt Management Agency

detective

“Dear Steve, I read an article about Military Debt Management Agency and how they are a non profit company ripping off military members for assistance with their student loans. I found came across an address for a student loan company that is the same as military debt management agency called Student Loan Consolidation Center, you might want to look into ... Read More »

Will I Ever Get Justice for Being a Victim of Allegro Law Debt Settlement? – Rebekah

Beautiful blond girl with sky as a background

“Dear Steve, We were with Allegro Law for 3 years, and did file the forms with the appropriate people when the scam was uncovered. We have been waiting several years for our refund from Allegro Law, it has still not been resolved it seems. Have you hopefully an further info on when payments might be. The last update on the ... Read More »

Our House Sold in Four Days. What Do We Do Now? – Rob

moving

“Dear Steve, I wrote to you about two months ago stating that my wife and I have a combined income of $150K, live in Long Island, New York and have two college aid kids. Our home was too small for a family of four six years ago and renovated it, spending $228K on construction. We have only been paying the ... Read More »

Krystal International Vacation Club Turned Out to be a Fraud. – Norma

yikes exclamation

“Dear Steve, I signed a contract with Krystal International Vacation Club that was supposed to be an investment according to them but it turned out to be a fraud. I gave a down payment of 13,400. I was supposed to give monthly payments of 773.00 x 60mths. They promised to deposit 21,000 usd / year for the next five years ... Read More »

Is the Sallie Mae Class Action Lawsuit a Scam or Will I Get Money? – Vicki

single mom

“Dear Steve, I have student loans with Sallie Mae and was notified of a Class Action suit against them because of excessice cell phone calls to customers. I have my student loans with Sallie Mae (which are current and in good status) but was notified last year of a Class Action suit against them (Arthur et Al.v Sallie Mae). I ... Read More »

A Law Firm Says They Can Protect Me When I Settle My Debt. – Sherrie

Woman Whispers a Secret

“Dear Steve, I received settlement offers from my creditors. How do I ensure that they do not sell my account to another party for collections after receiving the settlement? I was told by a debt counselor working with a local law firm that I could settle my accounts on my own, but creditors have been known to then sell the ... Read More »

How to Discharge Your Student Loans if You Are in the Military, Police, or Teacher

How-To

More and more at GetOutOfDebt.org we are getting questions about how to get your student loans eliminated, forgiven, or discharged if you are in or served in the military, police officer, teacher, librarian, or other public service employee. It is absurdly ironic that members of the military can go into harms way, fight in combat and yet return back home ... Read More »

Can the Original Creditor and Debt Collector Report the Same Account Twice on My Credit Report? – John

money

“Dear Steve, Can the original debt grantor continue to report your debt to credit bureau’s after they have turned the debt over to a collection law firm. They show one balance the debt grantor and the collection company shows a larger balance. John” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of ... Read More »

Would My Bankruptcy Have Any Impact on My Medicare or Medigap Insurance? – Lee

Medicare Card

“Dear Steve, I have medicare & medicare gap coverage. Have filed for bankruptcy & discharged. If I were to mention to them I had filed, (just in case). Would that have an impact on my gap premium. In other words, how do they look at it. That you’re debt free & have extra money or otherwise. Because if I were ... Read More »

Can My UK Debt Follow Me Back to the U.S. and Hurt My Credit? – Kelly

uk

“Dear Steve, I was living in the UK for 6 years and have a loan there with HSBC for approx 3000 gbp. I am now living back in the US and have no plans to ever live in the UK again. Can this debt follow me to the US and affect my US credit rating? Kelly” Don’t miss our free ... Read More »

My Son Put My Name on His Law School Student Loans Without Telling Me. – Mark

ID Theft or Stolen Identity

“Dear Steve, My son co-signed my name on his student loans for law school. I did not know that he signed my name on the student loans. In March of 2013, I started receiving calls from a collection agency asking if I could make a payment on these loans. I was never notified before this that I was co-signed on ... Read More »

How Can We Go About Selling Our Timeshare Without Getting Scammed? – Lisa

money down the drain

“Hello again Steve. I have another question. My husband and I own a timeshare with Shell Vacation Club. It was paid off in January of this year. The monthly maintenance fees are $74. We don’t use the timeshare that much and we are considering selling the timeshare. I’ve heard its very difficult to sell timeshares and that there are a ... Read More »

In Our Divorce My Ex-Husband Was to Pay Half of My Credit Card Bills But He’s Filing for Bankruptcy. – Becky

qa7

“Dear Steve, Credit cards that are in my name only. My ex husband was ordered to pay half of my credit card bills… they are all in my name only… he did not pay so I took him back to court and they held him contempt and ordered him to pay a certainty amount each month until they are paid. ... Read More »

Should We Consolidate Our Mortgage and HELOC With American Bank Mortgage Company? – Lisa

In God We Trust

“Dear Steve, I have a first mortgage with Chase bank it is -$84,000. I also have a heloc with Chase bank it is $114,000. The heloc is interest only. The interest rate on my first mortgage is 4.5% fixed for 12 years. The heloc interest rate is 2.4%. I pay a total of $924 per month on these two loans. ... Read More »

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