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Home > Author Archives: Steve Rhode (page 668)

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.

Are Muzak and Sirius XM Radio, Better Than You?

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I was reading the latest news about the bankruptcy filing of Muzak, the elevator music people, and the new merged company of Sirius XM, the satellite radio people. Sirius XM has not filed Chapter 11 bankruptcy just yet but it looks like they will any day now. It has always struck me as odd that we applaud business for using ... Read More »

What is the Damage to Our Credit Report if We Settle a Debt for Less Than the Full Amount? – Lara

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Lara “Dear Steve, My husband and I have over $45,000 credit card debt. Our income has been seriously reduced by about 65% lately. We are thinking of best ways to reduce debt amount or get payment plans over a period of 5 years. If the creditor decides to accept to settle the debt for less it will appear as settled ... Read More »

I Want You to Meet Who You Helped Today – German Coronel

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It is important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. Please visit or use the services of advertisers on the site so we can help more people. ... Read More »

I’m a College Student and Gotten Myself in Very Bad Credit Card Debt. – Meredith

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“Dear Steve, I am a college student and gotten myself in very bad credit card debt. It is so easy to get a card and I have managed to run up a debt close to $10,000. I had three credit cards; I have gotten rid of them, can’t use them, but still owe the debt. How do I get rid ... Read More »

I’ve Depleted My Savings, Creditors Are Calling And I Feel Like a Criminal. – Avria

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“Dear Steve, Early in 2008, I had a sudden turn of events. I had to quit my job due to health problems and lost half of my household income when my ex and I split up. I had just bought a new car and signed on to what would have been smart loans to transition into a more comfortable state ... Read More »

How Can I Negotiate a Lower Balance to Pay Back My Credit Cards? – David

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“Dear Steve, I’m several months behind on several credit cards. Now have money to pay them off through a loan I got on my house. Can I negotiate a lower payoff with the credit card companies? David” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, ... Read More »

I Have Eleven Cards I Want to Close Some But Should I? – Ariel

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Ariel “Dear Steve, I have 11 credit cards with zero balances and want to close them and keep paying out my other 5 open credit cards. if I close these 11 will it hurt my credit score or should I close them regardless? Ariel” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number ... Read More »

I Need to Put My Debt Behind Me. I Have No More Money to Make Payments. – Chris

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“Dear Steve, I turned my car in about a year ago. I have perodically made small payments to a collection agency. This loan was through Capital One Auto Finance. The reason for turning the car in was it was costing me more to keep it running than I could afford. This was a nice car with very few miles and ... Read More »

I Want You to See Who You Helped Today

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I thought it was important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. The reason I give money to Kiva to help people all over the world is ... Read More »

Mortgage Bankers Association. A Bunch of Whiny Bitches?

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So in the Wall Street Journal the Mortgage Bankers Association answered a op-ed about the need for bankruptcy mortgage modifications with the following response. In “Loan Modification Can Stop the Foreclosure Crisis” (op-ed, Jan. 30), Rep. John Conyers shortsightedly calls for allowing unelected bankruptcy judges to unilaterally modify mortgage contracts to help keep borrowers out of foreclosure. Mr. Conyers talks ... Read More »

I’m a Twenty-Something Guy Who Has Made Some Really Poor Financial Choices. – Mike

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“Dear Steve, I’m a twenty-something guy who has made some really poor choices financially in recent years (I’m sure you’ve heard that before…). About a year ago I consolidated several different credit cards into one extremely large account. This past spring, due to several different financial constraints, the minimum payment on that account became impossible for me to meet. I ... Read More »

My Credit Card Has Gone to a Collector. Who Can I go to for Help? – John

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“Dear Steve, I owe $28,500 on one credit card, have a truck payment of $350 a month, and pay $700 for rent. I make roughly about $2,800 a month. My credit card has gone to a collector. I haven’t paid on the credit card in over a year. Who can I go to for help in getting what I owe ... Read More »

Review of the Credit Offer “101 Reasons to get a Discover More Card!”

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In my attempt to help point out what to look for in credit offers and marketing material I wanted to review the recent offer from Discover. Sometimes the scans can be hard to read so this time I’m simply retyping the offer sent to millions and will comment about specifics of the message and terms. As usual I found that ... Read More »

My Husband Died and My House Was Destroyed by Hurricane Katrina. – Sandy

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“Dear Steve, My husband passed away 4 years ago and the following year hurricane Katrina severely destroyed my house. I FINALLY sold my house May 2008 for peanuts, but had to live off that money due to being unemployed since Feb. 2008. I draw a pension from my late husband which is exempt from any garnishments. I’m not a dead ... Read More »

Why The Debt Collector Works Hard to Manipulate You

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So you’re a debtor and this is your first time in financial trouble. It is scary, frightening and you are completely stressed out. Some people even kill themselves over the debt. The last thing you want to see are late notices or get calls from the debt collector. You’re just not that experienced playing the role of the debtor in ... Read More »

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