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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.

Bob Was Injured And Is Now Behind On His Credit Cards

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“Dear Steve, I’ve been out of work since 10/17/07 (Auto accident) & was let go from my job…I am trying to work with credit card companies. One said they would deffer payments for two months but close the account…How does this effect my credit score with the credit bureau? Does deffered credit card payments (by the CC company) effect your ... Read More »

Bush Administration Rolls Out Wimpy Mortgage Assistance Plan

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The Bush administration today rolled out a plan to help homeowners in trouble with their mortgages. While proclaiming big help the plan does not go anywhere near far enough to help those in the most trouble. Homeowners 90 or more days late in their mortgage payments, owe at least 90% of their home’s current value, live in the home on ... Read More »

Bryan Says “My Girlfriend and I Spent $60,000 Avoiding Each Other And Now I Can’t Pay”

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Bryan “Dear Steve, So I’ve managed to go and get myself into about $110k debt (I didn’t throw the $30k of student loan debt into that pile since I don’t see that as bad or ‘stupid’ debt). I make about $100,000 a year, am single and rent. How I got here… well, I’d love to claim medical problems, etc. but ... Read More »

Good News – Post Office to Layoff Only 40,000 Workers. Bad Time to Be In Delivery Business.

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A friend called to tell me about the latest buzz of the postal service laying off 40,000 workers. I can’t confirm if it is true yet since the numbers estimated range from 16,000 to 40,000. But in doing my research for this news I came across a shocking this little tidbit: Vienna – The majority-state-owned Austria Post mail service is ... Read More »

Does Money And Things Alone Bring You Happiness?

I’m not quite sure what really resonated with me about this video. I guess it is the fact that it is a message that I have heard before from other doctors when I was in the medical community. And it is a realization that I experienced myself in my life. The lessons about material wealth and happiness are ones that ... Read More »

Do You Think You Are A Failure When You Break Your Budget?

What Is a Budget, Really?

I’m always sad when someone says to me that they feel like a failure when they break their budget. Just by it’s very nature, a budget is a self-defeating document that will most likely lead to failure. You see most budgets are not based in truth, they are based in wishes. Here is how I would like to spend my ... Read More »

Damn You June Reyno. Let Your Home Go And Move On.

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Not that long ago I wrote about a woman that chained herself to her front porch to prevent her home from being foreclosed on. I’m afraid the story has turned into the pleading mother begging for the return of her child, only to have murdered it herself. June isn’t an innocent victim here of banks gone wild, although I would ... Read More »

John Wants to Know “If I Consolidate My Debt On One Account Will It Hurt My Credit Score?”

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“Dear Steve, I opened up too many credit card accounts in the past two years i recently joinend a credit union bank which offered me a chance to put all my credit cards under one account. I owe about 3,000. I also only make about 1,400 a month so at times I’m only able to make minimum payments Will putting ... Read More »

So What If GM Goes Bust. Let’s Just Hope You Don’t Own a New GM Vehicle.

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There is more to worry about if GM goes bust. Sure, nobody likes yet another bailout but the repercussions in job losses will rocket through not only the car company but all the suppliers, local economies, GM dealers, and so much more. But here is a subject that I have not heard talked about. If GM goes bust and you ... Read More »

South African Consumer Debt Spinning Out of Control. Half Of Work Force Can’t Pay Their Debts.

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Last year I had the opportunity to visit South Africa and take a firsthand look at the consumer debt situation. There was no doubt even when I was there that there was going to be a huge explosion of consumer debt problems. New regulations passed recently give more control to debt counselors to go before the court to have debt ... Read More »

The Ultimate Contractor Fantasy – Finding Hidden Money

Depression Era Businessman

A home improvement contractor cracked through the wall while doing a bathroom remodeling job to find $182,000 hidden there in during the great depression by a wealthy businessman of the day. But the story does not have such a happy ending. It turns out that the current homeowner, Amanda Reece, was having a bit of financial trouble and wanted to ... Read More »

Constipated Lending Makes Economy Ill

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Our economic life cycle is dependent on all all parties doing their fair share of the heavy lifting. Finance companies and banks lend – consumers buy stuff using credit – stuff must be built – jobs are created and so forth. We keep hearing about a crushing windpipe grip on banks and the government pleading to them to lend again. ... Read More »

Gift Cards, The Gift That Can Stop Giving

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Gift cards have been a great tool to give people for rewards and presents. And not that we are creeping towards that holy and special gift giving time of year and gift cards will line the racks and fall first into our consideration of things to give, WATCH OUT! With the danger of so many retailers not making it through ... Read More »

Canadian Debtors Excel At Bankruptcy

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Debtors in Canada are slipping into deep kimchi when it comes to their finances. Just announced the number of bankruptcies in Canada rose 18.7 percent in September. On an annual basis, the Office of the Superintendent of Bankruptcy said that failures were up 28.4 percent. Ontario and Quebec recorded the most consumer and business bankruptcies. Read More »

In The Face of Debt

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In the face of debt I fear In the face of debt I withdraw I anger I cry In the face of debt I become invisible to myself In the face of debt I fail In the face of debt I feel powerless I feel hopeless I feel pain But in the face of debt I deserve your care, your ... Read More »

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