Latest Posts
Home > Author Archives: Steve Rhode (page 50)

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.

Should I Ignore My Old Debt and Let it Fall Off My Credit Report? – Adriana

money

“Dear Steve, I have three old collections…1st one is 3yrs old, 2nd is 4yrs old and 3rd is 5yrs old…Should I try and pay them off??? I am trying to clean my credit but not sure if to the them if they are under 3yrs or 4yrs and the older ones wait to fall off? Which old collections should I ... Read More »

Should I Keep Investing in My IRA or Pay Off My Home?

retirement

“Dear Steve, Bought a home a year ago after finishing paying off students loans (am currently 27). I started contributing to a Roth about 6 months before I purchased the home and am now wondering if I should continue to max out the Roth or pay off the house faster? M” Don’t miss our free Get Out of Debt – ... Read More »

Is it True I Can Eliminate My Student Loans in Bankruptcy if I Just Stop Paying Them?

student loan default

“Dear Steve, I currently have 58,000 in private loans and 98,000.00 in federal loans and I currently have no clue what to do. My private loan provider (the wonderful sallie mae)….wants 600.00 a month, and the federal goverment wants 450.00 a month. I am a teacher and these payments are just not possible….some people told me that if I let ... Read More »

I Just Made Payment Arrangements on an Old Defaulted Student Loan. Did I Do the Right Thing?

Magnifying Glass - Q&A

“Dear Steve, i recieved a letter from my defaulted student loan fron fall 99 and spring 00. the letter styated that they were going to start taking .15 of my pay after taxes. they were okay until 2005. another thing that is odd is that i checked with my payroll dept and they have no garnishments issues (was supoposed to ... Read More »

I Was on SSI When I Took Out Debt and I Just Got Sued for It. – June

puzzle

“Dear Steve, I have credit card debt, student loan debt, and other personal debt. I just started working full time in August 2011 with an pay increase in April 2012 and I have a credit card company taking me to court already. Trial date is June 13, 2013. I also still recieve SSI disibility and I got in debt when ... Read More »

I Was Scammed by the University of the Rockies. – Yolanda

College Tuition Expenses

“Dear Steve, Iam one of those scammed students who attended University of the Rockies at this time I am not sure who turn to next I reported this to the attorney general who referred me to the BBB. Who recieved the notice of my concerned with a removal and then a change to retest and take the comps test only ... Read More »

Do I Have to Worry About My Debt? I’m Judgment Proof. – Salvatore

debt

“Dear Steve, Hi Steve, I am up to my neck in credit card bills about $58,000. I have talked to a few of my friends about my situation I only have monthly Social Security and a small Federal Retirement check. Creditors and Collection companies are starting to Call I heard that my Federal Checks are Income protected against any Garnishment ... Read More »

I Want to Make Money Fast by Buying Discharged Debt and Tax Liens. – Mc C

crime scene

“Dear Steve, I just got out of debt by a thrid party company purchasing my debt. So of course….now, I want to buy a debt package that can yield about $25k for $350 bucks. Steve??? Is it even worth it? I’m fearful about buying debt with BK attached, especially Chap#7. It’s either buy debt or buy tax lien certificates? Which ... Read More »

Is Century Negotiations a Reliable Company? – Bonnie

OLYMPUS DIGITAL CAMERA

“Dear Steve, I have settled one credit card and need your advice. I need to know if Century Negotiations is a reliable company to with to get out of debt. They have settled one credit card. I have 2 more to settle. I am thinking of getting a bank loan to pay off CNI. I have also inquired with BBB. ... Read More »

Dear Melissa. The Conflict Between Debt Relief Sales and Consumer Needs

The conversation brought up the fundamental flaw in the tug-of-war between the goals of the consumer and the goals of the debt relief company.

Last week a commenter who only would identify themselves as Melissa came into the site and said she worked for a debt relief company and made a number of statements about her role with what appears to be a debt settlement company. Some of those comments included: “I am proud of the work we are doing here but our company ... Read More »

What Getting Out of Debt Will Really Cost You

debt repayment calculator

When faced with problem debt people typically make an emotionally charged choice on how to deal with it. Generally the choice they make addresses their emotional needs but fails to logically solve the underlying math problem. This is a subject I’ve talk about a lot here. Today I want to talk about the real cost of getting out of debt. ... Read More »

Can I Get a New Credit Card While in My Chapter 13 Bankruptcy. – Rich

Woman Whispers a Secret

“Dear Steve, I am paying regularly on a Chap 13 plan and I’m about 2 years in out of 5. I have always been on time with this payment, my mortgages and cars. I have no other outstanding debts. I did accept a very low limit credit card just to use and then pay off every month. How do you ... Read More »

How Can I Get the Credit Union to Lower Our Payments? – Krystyna

stressed-woman

“Dear Steve, My husband is the only bread winner in a family. We are both older and we have 3 young teenagers. I am 54 and he is 59. Our son is a junior in High school and our twin girls are 14 and still in middle school. We have about 22 thousand in credit card dead with credit union ... Read More »

Can I Eliminate My Sallie Mae and Citibank Student Loans With Bankruptcy? – Kassandra

money down the drain

“Dear Steve, Situation * I have a Sallie Student Loan for 58577.75 and a Citibank Student Loan for 30960.30. I am a 26 year old female and my income doesn’t even cover my living cost. I live at home with my parents, still. My monthly payments are 622.68 and 297.20, respectively. That’s 919.88 per month. With both loans being deferred ... Read More »

The Ultimate Debt Consolidation Loan Guide: Getting Approved, Acting Smart, and Being Wise

loan-approved

You hear a lot of rubbish online about getting a debt consolidation loan and a lot of just flat out incorrect information. It’s time to put an end to that and help you get the facts so you can make a good educated decision. So here is my guide to help you learn the pros and cons about getting a ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.