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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.

Should I Drain My Savings to Payoff My Student Loans? – Sean

Big Scam Dog

“Dear Steve, Currently have 4 outstanding debts: Student Loan: $6,549.39 3.5% – making monthly payments of $827.25 Student Loan: $3,721.63 3.0% – making monthly payments of $537.00 Student Loan: $2,749.59 4.875% – making monthly payments of $399.23 Car Note: $5,136.86 1.9% – making monthly payments of $647.85 Current savings: $39,000…~$55,000 in 401k No other credit card debts or obligations Salary ... Read More »

I’m Getting Out of the Army and Can’t Afford My Truck Payment. – Mark

qa7

“Dear Steve, I am getting out of the army soon and can no longer afford my truck payment. I called my lender located in texas and they said I would be brought down on criminal charges if I didn’t continue to pay or bring the vehicle back to them. They refuse to repo and demand I bring the vehicle back ... Read More »

Navy Federal Credit Union is Abusing Me. – Maurice

terrifying man

“Dear Steve, 15,631.60 unsecured loan with navy federal. I offered them 7000.00 to settle but havent heard anything back. what can I do to get them to settle? $7000 is all I have and Im willing to give them every penny. the interest rate is 16%. and I have been paying on the loan since 2007 it was intially 17,000. ... Read More »

My Boss is a Bully and I Can’t Take It Anymore. – Sherry

Women fighting

“Dear Steve, I just stumbled upon your site. THANK YOU for this empowering information. I’m in a tough situation. I have been employed for the past 13 years at my company and am at the top of the pay scale for my position. I’ve got a lot of credit card and personal loan debt (36,000 all together) that I planned ... Read More »

My Deferred Student Loans Show Up as Bad Marks on My Credit Report. – Crystal

mysterious

“Dear Steve, Four student loan accounts are coming up as negative on my credit report. - They are deferred until 06/2014 - They show no amount past due - They show no “Date Major Delinquency First Reported” - Under “Date of First Delinquency: N/A - Two were opened on 6/15/2005 - Two were opened on 3/10/2006 - Under the 81 ... Read More »

I’m Being Sued by Midland Funding Over a Chase Bank Account.

closeup of a gavel on cash, from above

“Dear Steve, I found attached file hanged on my front door. The debt is a credit card I had with Providian, who was absorbed into WaMu, who was absorbed into Chase. May be Chase sold the debt to Midland funding. Please advise me.” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of ... Read More »

Is Consult America Legit?

chalkboard

“Dear Steve, First of all, I want to say thank you for putting this site together. I hope God takes care of you and your family in the best way possible. I’m not sure if this will lead to anything or not, but I’m hopeful. I’ve currently accumulated quite a bit of debt (more than I ever imagined I could). ... Read More »

American Express Closed My Account. I’m Not Happy, They’re Not Happy. – Adam

Financing a budget

“Dear Steve, Applied for an American Express gold card and qualified received my gold card all was well. Used the gold card on a credit card terminal in my name under my business (did not know this was illegal or against their policies and I was not doing it for illegal reasons) they closed my account immediately. I then explained ... Read More »

Struggling, No Savings, and Family is Telling Me to File Bankruptcy. – Kimberley

Mature woman confused

“Dear Steve, 53, steady income 57k, additional income from roomate of 25k, only assest 2008 car, mortgages 324k, cc debt 28k, 80k in retirement but no savings. Considering chap7 to eliminate cc debt. Current but struggling due to additional income of roomate has decreased due to medical problems. household expenses and mortgages are consuming most of the current household income. ... Read More »

I’m a Christian. Is Bankruptcy Moral? Will God Hate Me? – Maggie

Arms Open

“Dear Steve, A number of years ago my husband and i had unfiled tax returns. the state taxes got filed and paid but not the federal returns. one year we were behind and had not paid in enough. it snowballed from there. they never came after us, but i felt awful so we gathered them up, filed them all at ... Read More »

Can I Settle My Old Debt With the Debt Collector? – Josh

No problem

“Dear Steve, I am 23, almost 24 years old and moved states about 2-3 years ago for a new job. I have owned a credit card since I was 18. I have always paid my balances on time and never had any problems, ever. I now have a debt that I owe of 6,208. With about 4,000 of what I ... Read More »

My College Won’t Give Me My Transcript Because I Owe Them Money. – Farouk

graduation

“Dear Steve, I have a debt problem. I cannot get my college transcript from my old college because my college says that I owe them $465.00. What should I do ? How should I pay the debt money ? Right now I am looking for job anyway. By the way I would never want to waste my hard earned money ... Read More »

I Tried Making Student Loan Payments But They Are Rude. – Annette

angry caller copy

“Dear Steve, I owe student loans and I have even tried calling the compainies to make future payment arrangements, but for some reason the people are so rude and in considerate. Once I stated making payments of a large sum and was promised after 6 months of payments I could be placed into a loan Deferment program but after I ... Read More »

My Niece Has Such Out of Touch Magical Thinking About Her Debt.

stressed woman

“Dear Steve, I asked a question a couple of months ago and you helped so thanks. This question is not for me. My niece is 40 and moved back home with her parents after her divorce about 10 years ago. Her ex has custody of their kids with the youngest being 17. Over the years we (her mother and I) ... Read More »

I’m So Embarrassed About My Debt. – Patty

Lifestyle choices.

“Dear Steve, I’m scared about being scammed also, I can’t seem to save any money. I’m just too tired to keep from worrying all the time. To be very honest. We have a credit score of 760. I’m paying credit cards and no money left over so I keep the same pattern. Pay amount due and then have to charge ... Read More »

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