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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.

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 »

Should I Stop My Payments if I’m Going to File Chapter 7 Bankruptcy? – Mandy

Gratuitous use of a cute dog running picture.

“Dear Steve, I’m over 19,000 in debt and am considering on chapter 7 bankruptcy…. I’d like to know can I stop all payments and if so, will I lose my car, which I need? And will I have to pay an attorney up front? Mandy” Don’t miss our free Get Out of Debt – “How To” Guide Series on a ... Read More »

Debt Validation of America Files Chapter 7 Bankruptcy

Screen Shot 2013-04-10 at 1.38.51 PM

Debt Validation of America has appeared on this site many times over the years, click here. A reader tipped me off the debt settlement company filed for chapter 7 bankruptcy protection. They filed on February 28, 2013. Their bankruptcy application lists assets of $0 to $5,000 and liabilities of $50,001 to $100,000. Morgan Bryan Perry signed the filing as President ... Read More »

Getting Ready to Buy a House and an Old Debt Has Resurfaced. – Sara

"Credit rating" handwritten with white chalk on a blackboard

“Dear Steve, I have recently cleaned up my credit report as I’m getting ready to buy a house. I was contacted by a third party collection agency to pay an old written-off debt to a bank from 2005. I live in WA state. Isn’t the statute of limitations up on this debt? Do I still have to pay? Do I ... Read More »

My Bipolar Boyfriend Killed Himself But Ran Up My Debt Before. – Bonnie

Isolated wings

“Dear Steve, My boyfriend was living with me and about 1 week before it was to be our one year, he committed suicide. He survived for two years in a vegative state. He passed away 2 years ago and I am stuck paying his debt that he racked up on my credit card, by buying tools and then pawning them ... Read More »

Good Shepherd Debt Relief is Taking Our Money But Won’t Help. – Tim

oops

“Dear Steve, We have been sending money to Good Shepherd for a few years now and they have actually helped us clear two of our debts. But we two more and I cannot get anyone to answer the phone or return an email. We now have one of those debts that has gone to court and we are being sued. ... Read More »

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