Latest Posts
Home > Author Archives: Steve Rhode (page 60)

Author Archives: Steve Rhode

The Absolute Key to Failure

success copy

We all have tough days and face uncertain times but I suppose we can never lose sight of the fact no matter how hard we try to do a good job at least half the people are not going to like it. Listen to your heart. Read More »

    Western Sky Financial Pulls up Stakes

    Western Sky Financial Heads Into Sunset.

    You know those pesky Western Sky Financial payday loan commercials that have infected our televisions? They will soon be a thing of the past apparently. Western Sky Financial had been making payday loans all over the United States and charging problematic interest rates. The company felt they were exempt from state laws because they are owned and operated by the ... Read More »

      What to Wear and Say at Your Bankruptcy Hearing

      You don't need to dress like a fashion model but nobody is going to kick you out if you do.

      Actually, when it comes to what to wear, just don’t dress for a cookout. But as far as what to expect at your bankruptcy hearing, this article by Cathy Moran is great advice. Going to court for your first meeting of creditors? What are they going to ask me?, you wonder. My bankruptcy clients imagine a quiz on the contents ... Read More »

        More Florida Land Trusts Busted: Cambridge Land Trust and Hartford Land Trust


        Thanks to a great reader, word out of Florida is more land trust schemers have been the unfortunate focus of law enforcement. The interesting part is how they all tie together. “The Florida attorney general’s office shut down two more South Florida land trusts Monday, continuing a yearlong pursuit to stop multiple intertwined firms from selling a complex foreclosure rescue ... Read More »

          Stress Sucks!


          Don’t know why I’m feeling so much stress today. Just feels like working is backing up and I will never get to it all. Hey, maybe that’s why. Read More »

            My Grandfather Cosigned for My Private Student Loans and I Can’t Pay. – Tasha

            broken piggybank with dollar notes

            Dear Steve, My grandfather co-signed for me a few student loans through in 2004. Within 3 days, I received the funds. The debt collectors started calling and harassing in 2009 claiming my 5 years was up, so it was time to start paying the debt. They wanted me to pay over $700 a month in payments. I was only ... Read More »

              I’m a Disabled Former Law School Student and I Can’t Pay My Student Loans. – Tony


              Dear Steve, I have amassed a huge student loan debt from law school over 20 years ago. I never completed law school because of mental health issues. My loans went into default and I have not been in an economic position to make regular payments all of these years. The student loan company (American Student Assistance) takes money from my ... Read More »

                Massachusetts One Step Closer to Regulating Debt Settlement

                law books

                Collections & Credit Risk is reporting the State of Massachusetts is a step closer to regulate for-profit debt settlement companies operating in the state. Debt settlement companies would have to disclose their fees and create a budget analysis before enrolling consumers. “The longer Massachusetts waits, choosing not to oversee this industry, the more consumers will be taken advantage of by ... Read More »

                  Alleged Student Loan Assistance Employee Warns Consumers

                  404 error

                  Both the National Consumer Law Center and this site have provided warnings to consumers over student loan assistance programs that can do more potential harm than good. But an insider with a student loan assistance company and now tipster (send in your tips here) sent in the following warning for readers. “I’m not using my real name for employment reasons. ... Read More »

                    Make Time for Yourself

                    you are important

                    It’s important in our busy days to make a bit of time available for yourself. Sometimes an undisturbed 15 minutes can go a long way to helping to find some peace in a stressful day. Read More »

                      American Debt Mediators Scares Woman

                      Screen Shot 2013-08-22 at 10.01.17 AM

                      “Dear Steve, She has been scammed, and it is affecting her health. I sometimes wish I hadn’t said anything to her. Please advise me how to help her. I have worked in small claims court and have a feel for the process. But I told her this was a scam and now she is scared to death. I need to ... Read More »

                        Details on CFPB Lawsuit Against Morgan Drexen

                        Screen Shot 2013-08-21 at 1.02.28 PM

                        Yesterday I mentioned the Consumer Financial Protection Bureau filed suit against Morgan Drexen. As I mentioned, I said I would take more time today and wander through the complaint filed and share more about the allegations. If there was no doubt in the mind of any debt relief industry executive if the CFPB was set to regulate the industry, the ... Read More »

                          Today I Will Be Happier Than a Bird With a French Fry


                          Read More »

                            Saving Easy Money As a College Student


                            Heading off to college for the first time or just another semester is a prime time to either unload your wallet or engage in some deep debt acquisition. But before you just spend, spend, spend there are some really simple and easy money saving tips that case ease the pain up to 35%. It can take you a few minutes ... Read More »

                              Morgan Drexen Sued by CFPB. Take That!


                              Recently the debt settlement company Morgan Drexen sued the Consumer Financial Protection Bureau, CFPB, hoping they would be declared unconstitutional and disbanded. For more, see this and this. Today the CFPB turned around and unloaded their long-term investigation into Morgan Drexen and filed suit against them. I’ll review the entire lawsuit tomorrow but for now, here is what the CFPB ... 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.


                                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.