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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.

New Baby, Personal Debt, Business Debt and Need a Plan to Get Out of Debt. – Matt

couple working

“Dear Steve, I have personal debt and business debt. My wife and I both have leased cars. We are 28 years old, rent a condo, and have a storage unit. We just had a baby. She makes about 45,000 p/year and I make about 25,000 p/year. (my business isn’t doing well) My credit score is around 640 and my wife’s ... Read More »

Great Plains Lending Won’t Let Me Pay Them Back. – Patricia

Magnifying Glass - Q&A

“Dear Steve, Took a loan out with Great Plains Lending and lost job. Now I want to pay it back but they don’t have my name in their system. How do I pay it back? Was getting calls from collection agencies about it, but couldn’t pay it back then either. Contacted Great Plains to pay it back when I got ... Read More »

Does Barclaycard Sound Like a Reputable Bank? – Patti

credit good

“Dear Steve, You suggested a credit card for those needing to establish new credit (can’t think of the name now). it has a $29 annual fee, which is not surprising because they are trying to help you & themselves at the sametime. Anyway i just received an offer from barclaycard, preapproved to help those reestablish credit & with no annual ... Read More »

I Need Someone to Help Me Get My Financial Life on Track. – Sara

"Credit rating" handwritten with white chalk on a blackboard

“Dear Steve, I am looking for a workshop or advisor to help get my finances straight. I have a poor credit history so i need advise in working through that in addition to rebuilding my credit. I have several retirement accounts from different jobs that I am not sure what to so with. Do I roll them all together or ... Read More »

The Get Out of Debt Guy Free and Easy Credit Repair Guide

eraser and word bad credit

I get so tired of ads proclaiming there is some magic to credit repair and they charge an arm and a leg. Or how about the ads that claim they can get you a new alternative number to use in place of your social security number. That’s just illegal to use to apply for credit. Repair your credit with this ... Read More »

How Do I Get Out of Debt? – Simple.

change your mind

Probably the most common question people ask me is “How Do I Get Out of Debt?” You would think such a simple question has a quick and easy answer. It does, and it doesn’t. Getting out of debt is actually a very easy process based in math. The numbers add up, or they don’t. Being in debt is most often ... Read More »

I Got a Sort of High Pressure Call to Enroll With The Law Offices of Paul Herman. – Sue

IMG_5821

“Dear Steve, On January 28, 2013, I received a telephone call from a Nicholas Paul and his conversation was concerning my outstanding debts. He sort of used high pressure tactics to get me to enroll with a program with the Herman Law Firm to help negotiate terms with my creditors to clear my debts. However, later on upon further research ... Read More »

What is a Good Credit Counseling or Debt Settlement Company?

process

“Dear Steve, My husband and I used to have impeccable credit but now we just have to much credit. We are overextended and hardly have money left over after bills are paid. Our credit scores have suffered as a result and getting a consolidation loan might not be a viable option. We have a plan to sell our house within ... Read More »

Reader Got Mailer from US Mortgage Corporation That Led to Consult America

Rejected stamp

“Dear Steve, I received a letter in the mail from US Mortgage Corporation regarding refinancing my house. I called them and a gentleman took my intial information then said that one of there loan specialists would call me which he did. When I spoke to the specialist he asked some of the same questions as the first guy then he ... Read More »

First Choice Debt Resolution in Trouble for Unlicensed Debt Settlement

connecticut

The State of Connecticut is not very happy with First Choice Debt Resolution. According to the State: 1. Respondent is a Nevada limited liability company having its principal place of business at 5340 N. Federal Highway, Suite 206, Lighthouse Point, Florida. 2. From at least October 2009 to May 2012, Respondent engaged in debt negotiation of unsecured debt on behalf ... Read More »

JPMorgan Chase Fighting Back Against Online Payday Lenders

payday loan

Props to Chase Bank for their recent announcement they will be helping their customers fight back against online payday lenders. According to a report by Jessica Silver-Greenberg JPMorgan will give customer even more power to stop debits from their accounts by online payday lenders. Bank of American and Wells Fargo have no similar changes planned. While it is a great ... Read More »

FTC Stops Scam That Charged Companies for Bogus Online Directory

ftc

At the Federal Trade Commission’s request, a federal judge has temporarily halted a Slovakia-based operation that allegedly tricked small businesses and non-profits into collectively paying millions of dollars to be listed in an online directory in which they had no interest in being listed and for which they did not understand they would be charged. The FTC is seeking to ... Read More »

How Can I Get Morgan Drexen to Delay My Payment? – Ursula

flying girl

“Dear Steve, I am a current participant of Morgan Drexen for less than 4 months and to date, I have not had any real concerns. My only problem is that my gas & electric bill has been very large since November and I had to make a huge sacrifice financially. I did ask for payments to be reduced because I ... Read More »

My Life is on Hold Because of My Student Loan Debt. – Sandy

help woman

“Dear Steve, Deep in student loan debt ~ Approaching $300,000 ( I cannot go and look at the exact total as it will freak me out) The federal ones are manageable $136/month AES $95 a month (been paying over 3 years and it has barely made a dent in the loan payoff total) Sallie Mae – $1170 a month, and ... Read More »

How Do You Explain What Premier National Credit Repair Did to My Credit? – Debra

sassy girl

“Dear Steve, I used premier national credit repair and this company did exactly what they promised. My credit score was raised by 124 points and they did get off many negative reports from my credit score. I read through your entire article and you talk about ‘it only takes time’. the company premier national credit repair was able to get ... Read More »

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