Latest Posts
Home > Author Archives: Steve Rhode (page 80)

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.

My Car Was Stolen and I Got a 1099 for the Amount Written Off. – Darrin

Big Bad Burglar

“Dear Steve, In 2005 I had a vehicle stolen. My insurance paid the “value of the vehicle” to the lender, however there was $1,000 not paid. After much back and forth with the insurance agency and the lender the lender decided to write off the debt. Now January 2013 I received a 1099 for the year 2012 from the lender ... Read More »

Diagnosed With Cancer, Income Dropped, and Deep in Debt. – Betty

'Cancer' highlighted in green

“Dear Steve, Household income dropped in 2009 by $75,000, during that time I was also diagnosed with cancer, thus, medical bills on top of everything else. Now I find myself with $55,000 in credit card debt and yes, I am making minimum payments but that’s it. I have talked with a couple of different debt relief agences, both debt settlement ... Read More »

I’m Being Sued Over a Bill My Ex-Husband Has For Car Repairs

Divorce papers and cash with misc items

“Dear Steve, I received a letter in the mail from a car repair shop stating that they were taking me to court over an old repair bill of my ex husbands. We were divorced August of 2011 and it was decreed that we each pay half this bill. After the divorce I talked to my ex about it. I told ... Read More »

Ticking Student Loan Time Bomb One Step Closer to Exploding

student loan debt TU

A recent TransUnion study has revealed that more than half of student loan accounts are in deferred status, where the repayment of the principal and interest of the loan is temporarily delayed. In my experience the primary reason people do this is when the full student loan payments are unaffordable and they need falsely perceived breathing room. Deferred loans now ... Read More »

Is Steven Craig With Tapit.com Really Steven Vanderhoof of Mortgage Law Group and The Credit Exchange Fame?

Who Are You

A tipster (send in your tips here) wrote me and said: “My old boss is using an alias working for Tapit.com in Irvine CA. He owes me back pay He is ripping off this company like be did in Chicago with Mortgage Law Group He goes by Steven Craig. Tapit.com/team he is VP of Sales. I know that the FTC ... Read More »

I Can’t Afford My Car Payments Anymore. Should I Give the Car Back? – Jon

Cheerful female driver huging her new car

“Dear Steve, Bought a used car when working, now no longer working and can barely make car payments. While I was working I could afford to make a close to $300 car payment. Now I’m no longer working and I really need to unload this car even though as much as I love the little car, Due to credit card ... Read More »

Discover Card Sued Me 10 Years Ago and Wants to Renew It. – Barna

closeup of a gavel on cash, from above

“Dear Steve, 10 years ago Discover card sued me but on that time, I was not aware this clearly and my roommate signed that summon. However, on 2003 around June they had a garnishment on my bank account and took all the money I had in my bank account. After that I did not receive any warning from Discover card. ... Read More »

Is Legal Aid Service a Real Company to Charge Me for a Loan Modification? – Carlos

puzzled looking little boy looking to the left

“Dear Steve, I received a letter from my bank and when I called in, the people who answers the phone were not my bank. They wanted my documents so I sent them in. Later on I found out that they are a company named legal aid service and the attorney is a man by the name of Floyd Belsito. The ... Read More »

I’m Disabled and Behind on My Government Student Loans. – Jess

happy woman in wheelchair outdoors beach showing victory sign

“Dear Steve, I have about 42 thousand in gsl debt that has gone through to about 60 K now. I have been disabled and trying to get on ssi/ssdi for about 6 years now. I have an apartment via a government program to assist disabled persons with housing, but have only 115 plus food stamps from the state while my ... Read More »

I Want to Give My House and Car Back and File a Chapter 7 Bankruptcy? – Sasha

future

“Dear Steve, Lost my job a few years back. Got behind on my mortgage & my already high interest car payment. Filed Ch. 13 in 2011 after starting another job that wasn’t paying a lot. Now I’m working making better money but I don’t have a lot of money left after paying my bankruptcy payment. Can I file a Ch.7 ... Read More »

We Got Rejected for a Credit Card Because We Had Been in Credit Counseling. – Lyna

under construction

“Dear Steve, I just finished paying off my credit cards thru credit counseling, bought a house. I then applied for credit card, got denied due to being in credit couseling. How long should I wait to re-apply again? In the mean time, what could i do to erased the credit counseling on my report? Lyna” Don’t miss our free Get ... Read More »

I Have Muscular Dystrophy and Overspent to Give My Kids a Good Life. – Stephanie

mother daughter

“Dear Steve, I bought a house 2 yrs ago for $168,470 and I owe $130,416.53 with an interest rate of 4.625%. My LTV is about 73%, based on a comparable home that sold for $178,000 a year ago in my subdivision. My home is new construction in an university town, where the market value is doing well. Here are the ... Read More »

California AG Arrests Three, Including Public Notary, in Mortgage Elimination Scam

California AG Seal

Attorney General Kamala D. Harris today announced the arrest of three suspects who have been charged in a mortgage fraud scheme targeting struggling Northern California homeowners. Six websites allegedly used by the suspects to advertise their scheme have been intercepted and redirected to a resource page on the California Attorney General’s website. The felony complaint alleges that Ronald Vernon Cupp, ... Read More »

Consumer Credit Counseling Insider Alleges Corners Are Being Cut to Sell DMP

topsecret

A tipster (send in your tips here) reached out to me from inside a very recognized consumer credit counseling organization and shared with me their concerns about corners they felt were being cut. I’ll share the comments they shared with me, minus the company name, and I’d love to hear you opinion of how widespread you feel these practices are. ... Read More »

Innovative Wealth Builders Finally Shutdown by FTC

ftc

Tampa Telemarketers Alleged to Have Falsely Promised To Save Consumers Thousands on Credit Card Debt At the Federal Trade Commission’s request, the U.S. District Court for the Middle District of Florida has temporarily shut down Innovative Wealth Builders, Inc. (IWB), which allegedly operated a credit card interest rate reduction scam, pending resolution of the FTC’s cases against the operation. The ... Read More »

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.