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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.

Is Star Loan Services Legit or a Scam?

It's all very odd.

“Dear Steve, I’ve got more money going out then I have coming in. I am behind on several credit card accounts and I can no longer afford to pay everything due. I can’t get a consolidation loan because I have to high debt to income ratio. I have thought about filing bankruptcy but there are certain things I wouldn’t want ... Read More »

Should I Cancel With Persels & Associates? I Could Just Cry. – Ruth

hug

“Dear Steve, Husband and I have been in credit card debt for several years. We are in our mid 30s, have a 15 yr. mortgage, and 10k tax debt. I feel covered up. I don’t want to have a child because of all the debt. I want to see the light at the end of this dark tunnel. We joined ... Read More »

I’m Losing Sleep Over Debt Collector Threats. – David

don't give up

“Dear Steve, On April 10,2013 My wife got a call from someone with a forgin accent who told her that they have criminal papers with my name on them breach of contract/fraud for a payday loan that I supposed to have taken out sometime in 2008, I have not got any paper work on this I don’t know where the ... Read More »

What is a SCN and Can I Really Legally Use it to Get New Credit? – Denise

terrifying man

“Dear Steve, Received an email from someone telling me that they can help me establish new credit using SCN. What is a SCN? They said it was legal and I am wondering why I have not heard of it before. Why can these people get one and I can not if they are legal? Why do I have to pay ... Read More »

Is Student Loan Relief a Legitimate Company to Help Me With My Student Loans? – Andrew

hiding narrow

“Dear Steve, My wife has defaulted on a student loan (federal). We just received a first call from a collection agency. (Performant Recovery Inc.) They stated we have 48 hours to supply them with all bank statements for 2012 and fill out a very personal form. We are not making enough money to pay this off. We have two children ... Read More »

Why Did Sallie Mae Stop Garnishing My Wages? – Misty

gears

“Dear Steve, I owe Sallie Mae around $35,000 in loans. They sent a garnishment letter to my employer for around $5,000. After garnishing my wages for almost two years and taking a full tax refund and most of the next year’s refund, they got the amount they were wanting. The garnishment is no longer being taken out of my check. ... Read More »

I’ve Heard I Can Discharge My Private Student Loans in Bankruptcy. Is That Rue? – Jennifer

calculator

“Dear Steve, I have about $13,000 in credit card debt (minimum payments of $150 total), $17,000 left of my car loan (which I’m current on my monthly pmts – $465/month), and a total of $180,000 in student loans, of which $72,000 is federal (which I’m currently on Income Based Plan of $30/month – they at least work with you) and ... Read More »

I’m Only Going to Live on Cash and I Don’t Care About My Credit Score. – Lee

Debt is a scrape, not a mortal wound.

“Dear Steve, If I had the money to settle ,then why would I not just pay the debt? Seems to me it would have a two fold effect 1 would not have to deal with those damn phone calls. 2 would not need to worry about credit score. I don’t worry about anyway, cause I do not plan on buying ... Read More »

If You Get This Debt Collection Email. It’s Dubious at Best.

garbage can

One of my Facebook followers sent me this email they got for a debt collection company trying to scare them into paying a debt they most likely don’t owe. This effort ranks right up there with all the other bogus debt collection efforts that try to scare someone into paying a debt the company may not be authorized to collect. ... Read More »

Debt Settlement Pros and Cons. My No BS Guide to Settling Your Debt.

the truth smaller

I’m shocked. Apparently I’ve never written an article on the advantages and disadvantages of debt settlement and what to look for or watch for when you go to settle your debt. So here goes. The process of settling debt is age old. It goes back to the time credit was first extended. It’s nothing new. In fact, merchants have been ... Read More »

Is The Advocacy for Consumer Rights and Chad Pratt a Scam? – Will

Screen Shot 2013-04-11 at 11.11.14 AM

Notice (9-24-2013) – On 9-23-2013 I was served with a lawsuit from The Advocacy for Consumer Rights, which you can read here. They mention this article in the suit and claim “Defendant posted false statements on the internet, at http://getoutofdebt.org/51516/is-the-advocacy-for-consumer-rights-and-chad-pratt-a-scam-will, stating that “IS THE ADOVACY OF CONSUMER RIGHTS AND CHAD PRATT A SCAM?” stating that it is “odd” that TAFCR ... Read More »

How Can Debt Validation of America Just Steal My Money? – Shelia

Big Bad Burglar

“Dear Steve, I started with My Choice Debt Management in 2009, that turned into Debt Validation of America shortly thereafter and later it hired THE FIRM PLLC to do their legal work after they realized they were not operating legally. I paid $1471/month in to an escrow account for 2 years for a total of $35,325 total (of course a ... Read More »

Comcast Claims We Didn’t Return a Cable Box Six Years Ago. Now What? – Sheryl

pain

“Dear Steve, I was a comcast customer Years ago. I returned all of my gear and i just received a bill for almost $1100. They are saying that I did not turn in my gear. Remote Control and Cable Box. It has been almost 6 years since I canceled my service with them. This is crazy. It is going to ... Read More »

My No Good Ex-Husband is in Jail But Forged My Name to Loans. – Amber

mans hands behind bars in jail or prison

“Dear Steve, My husband and I recently divorced, and I was able to keep the house. While we were married, we got a joint credit card, and also shared a bank account. I was eager to build good credit since I had filed bankruptcy just a couple years before. Unfortunately, my ex-husband had severe substance abuse problems he was able ... Read More »

Would it Make Sense to Try and Negotiate With Wells Fargo on My Home Equity Line of Credit? – Jessy

footstep

“Dear Steve, I have a newly refinanced mortgage of $330,300.00 at 4.125%; It was previously with GMAC and now with a company I’ve never heard of before – OCWEN (for about a month it was with Green Tree – I guess both OCWEN and Green Tree took over from bankrupted GMAC). I have a second Mortgage – Home Line of ... Read More »

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