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Home > Author Archives: Steve Rhode (page 60)

Author Archives: Steve Rhode

I’m 22 and Need to Fix My Credit So I Can Buy a Car

credit good

“Dear Steve, I am 22 years old. I have never had any help with my family with any money growing up. I graduated High School in 2009 and started out with a couple credit cards. Bank of America for School books and Best Buy for a laptop. I also had a car payment that my sister had underneath her credit ... Read More »

    Our New Expenses Leave Us Unable to Pay Our Credit Cards. – Erika

    We are going to need some voodoo for this situation.

    “Dear Steve, I’m a 39 year old married woman with a 11 month old infant. My husband is a stay at home dad. We only have 1 income. We recently are in the process of building a new home. We currently live in a Condo that will be rented to ensure that the mortgage and condo fee are covered. I ... Read More »

      My Debt Makes Me Sick and I See No Way Out. – Emily

      don't give up

      “Dear Steve, I am in financial turmoil right now and I am extremely stressed out to the point of being sick because of it. I work a full time job, but I don’t make enough to support myself. I do have some physical restrictions due to the physical nature of my job and having it take its toll on my ... Read More »

        Homeowner’s Relief Line Commercial – Caution

        IMG_0163-private

        Yesterday I spotted a new debt relief commercial on television for some company that claimed to be Homeowner’s Relief Line. The commercial made all sorts of claims about saving your home from foreclosure, helping with loan modification and giving the impression the consumer is the victim. In general and in my experience, these types of commercials are funnels for people ... Read More »

          Student Loan Interest Rates to Double and Might Go Variable

          surprise

          If Congress does not take action the rate subsidized student loan holders pay will double July 1, 2013 from 3.4% to 6.8%. Student loan interest rates have been set by Congress and kept artificially low as a way to encourage education. But a vote in the House yesterday about a Republican proposal is set to have some very dangerous and ... Read More »

            WFS Debt Relief & Whitelight Financial Services Scammed Me for $1,500. – Wes

            Shocked Face

            “Dear Steve, About 3 yrs ago I was having a difficult time keeping up with my high interest credit card bills and overheard on the local radio station about WFS Debt Relief. At that point I was still making all payments and on time. I was new to the whole “debt consolidation” industry and was simply looking for some help. ... Read More »

              World Law Debt, Global Client Solutions and Others Sued in NC. TRO.

              Screen Shot 2013-05-23 at 3.41.13 PM

              Yesterday the State of North Carolina and the North Carolina State Bar filed suit against Swift Rock Financial, World Law Debt, World Law Group, Orion Processing, World Law Processing, Derin Scott, and Global Client Solutions. This suit is different than many others I’ve seen in that it is a joint effort by both the State Bar and the Attorney General. ... Read More »

                Can I Ditch Golden State Debt Management and Save Money? – Art

                process

                “Dear Steve, I am using the Consumer Credit Counseling program with Golden State Debt Management. It involves me allowing them to deduct $625 per month from my checking account. In total, they keep about $125 in fees each month. High. But even including those fees, I’m still saving $90 / month versus the astronomical interest I was paying before. (The ... Read More »

                  Is Credence Law Group a Legit Company or a Scam? – John

                  puzzle

                  “Dear Steve, I have been approved for a loan modification thru Credence Law Group. They are now asking for $3600.00 fees. They say they are sending paperwork and contracts for me to sign tomorrow. I need to know if this company is legit? I have nothing in hand to confirm that I am approved. What can you tell me about ... Read More »

                    My Experian Credit Report Still Shows Old Negative Items – Joseph

                    Writing Q&A, Questions and Answers on a blackboard.

                    “Dear Steve, I just received an investigation report from Equifax that the 03/2008 Collection Account has been fully paid since 03/2010 and is currently reporting a zero balance for this account. Yet, when I printed my 05/21/2013 Credit Report the said account is still listed with Experian and a part of my High Impact Differences. I also had fully paid ... Read More »

                      Cockburn & Associate Claims Make Me Wonder If They Are True – Georgia

                      canada-new-car-window-sticker

                      “Dear Steve, I have quite a bit of debt outside of my mortgage about $60,000 and it is causing us much stress and it just seems to keep going up rather then diminishing at all so I have been trying to figure out ways to pay it down this is how I came across the company I have a question ... Read More »

                        My Retirement Plan Won’t Let Me Borrow Money to Settle My Debt – Quincy

                        Dollars and Stopwatch

                        “Dear Steve, I’m thinking of using some of my reitrement to help settle my debt. But my retirement says if I refund the money I will lose all benefits to it. I’m with the Arizona State Retirement System. I do not want to take it all out, just enough to cover my debts. Will I be penalized for this and ... Read More »

                          My Bank Won’t Give me an Auto Loan Because of My Past Repossession

                          Why?

                          “Dear Steve, Almost 7 years ago I voluntarily turned my vehicle in for repossession. I wasn’t behind, but I knew I couldn’t afford it and handle a mortgage since I was purchasing a house. Fast forward to this day it is on schedule to be removed off my credit in January of 2014 according to my bank (auto loan department). ... Read More »

                            I Feel Like I Made a Mistake Going With Student Loan Processing.us – Terry

                            black-hole

                            “Dear Steve, I have used student loan processing.us to help consolidate my student loans. Unfortunately, I didn’t do good enough research before, now I am stuck. Their payments and interest rates are higher than quoted and they did not tell me this before sending my loan info on to my new lender. Now they refuse to allow me to cancel ... Read More »

                              I’m a Real Estate Agent and Facing Bankruptcy – Kelly

                              Disaster comes when we least expect it. There is no good time for a financial tornado.

                              “Dear Steve, My husband and I have been down the bankruptcy road and it was discharged. I am embarrassed to say that only eleven years after the discharge, we are now possibly having to consider filing again. We have one child and my husband makes $75,000 a year. I work as a Realtor but pay has been slow and I ... Read More »

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