Home > Author Archives: Steve Rhode (page 640)

Author Archives: Steve Rhode

I Used to Make a Lot of Money. Now I Don’t. – Barbara

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Barbara “Dear Steve, I am self employed and in the last few years have been going downhill fast. I can get another job, but it wouldn’t cover a tenth of my expenses now because all this debt was nothing when my business was going well. For example, I was used to making 6 to 7000 a week, my mtg payment ... Read More »

    What Happens When I Cut Up My Card And Mail It Back to the Bank? – Chris

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    “Ok Steve, let’s rock. If I cut my credit card up and mail it back to the bank, thus canceling the account, do I have to pay off the card’s outstanding amount in one lump sum, or can I continue making monthly payments? Chris”   Dear Chris, You will not need to make one lump-sum payment but cutting it up ... Read More »

      Will We Be Evicted or Have to Still Pay Our Rent if We Go Bankrupt? – Lizzy

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      Lizzy “Dear Steve, My husband and I are considering filing for bankruptcy. WE have a lot of debt. We dont know how we are even going to pay next months rent. We have two little children as well. Car payments coming up… etc. How does bankruptcy work? Will we be evicted out of our current apartment? If not, will we ... Read More »

        I’m Being Sued Over a Personal Loan. – Jennifer

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        “Dear Steve, I am being sued for a $700 personal loan from my ex-husband’s stepfather from May of 2005. I do not remember borrowing the money, but have found bank records that I did indeed borrow the money and also paid back $100 of it in October of 2005. He had never attempted to contact me regarding repayment prior to ... Read More »

          My Parents Were Sued by Landlords Mortgage Company. – Jacob

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          Jacob “Dear Steve, My parents were sued by a mortgage company that took over the house they lived at (almost a year ago). The landlord at the time went with my parents to court. She agreed to pay the settlement ($2400). We got her to sign an agreement with her saying that she would pay the amount. My parents signed ... Read More »

            I Paid for Credit Repair. Was That and Trying to Do ‘Pay to Delete’ a Smart Thing to Do? – Tiffany

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            “Dear Steve, ONE year ago in march I paid a credit repair person over $500.00, they were recommended by a mortgage lender I saw. He told me it would take 4 to 6 months and my score will be were I needed it to be. Totally hasn’t been the case. I spoke with the manager of the company who knew ... Read More »

              Why Opting Out of Changes in Credit Card Terms Can Be a Bad Idea

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              I just answered a question from a reader that mentioned that she was going to opt out of a change in terms by her credit card company so she could keep her interest rate where it is now. While that certainly seems like a logical move and a good thing to do, it simply might not be. Opting out has ... Read More »

                I Saw You Sugegsted LendingClub to Someone. Should I Try That? – Renee

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                “Dear Steve, I am a divorced single mom of 2 pre-teens, work full-time, I am a homeowner and I have no savings. My problem is this: After paying for the mortgage, utilities, insurance and bills, I have very little left to live on. This has resulted in my using credit cards as a “back up” – and I need to ... Read More »

                  Spending More Than You Can Afford and Sex — It’s a Guy Thing

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                  I was doing a little light reading yesterday and came across a great article all about how guys that are trying to attract women are much more likely to spend a significant amount more of items of conspicuous consumption than guys not trying to get, ah, laid. Seriously. And me, before I leave you feeling like you alone had sexual ... Read More »

                    Morgan Drexen and Some of the Consumer Complaints Against Them

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                    Under a Freedom of Information request a document was obtained which contains a number of complaints filed by consumers against Morgan Drexen, the Nevada and California based debt settlement enterprise. Morgan Drexen appears to be coming under an increasing level of scrutiny and has been the subject of a number of consumer complaints and lawsuits for services. – Source Of ... Read More »

                      I’d Like to Cash Out My 401K, Get a Home Equity Loan and Reinvest it in an IRA. – Rik

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                      Rik “Dear Steve, Hi Steve, you’re a good guy for helping so many people. We have $90,000 credit card debt all at %25, about 1/3 from unwise spending, the rest from medical bills, and taxes we couldn’t pay due to medical bills. I have been fighting minimum payments for years and years and can’t do it anymore. Our balances keep ... Read More »

                        How Can I Get a Credit Card Company to Accept a Repayment Plan I Can Afford? – Scott

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                        Scott “Dear Steve, How can I get a credit card company to agree to a repayment plan that we can afford? My stepdad passed away last fall, and as family stepped in to help my aging Mom, we discovered that they had accumulated about $35K of credit card debt. They were supplementing their fixed Social Security incomes by using credit ... Read More »

                          I’m Getting Kicked Out of the U.S. on an H1B Visa and I Owe Money. What Should I Do? – Ravi

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                          Ravi “Dear Steve, I just lost my h1b visa (work visa) for US and now i have to leave US in next 3 weeks and go back to my home country India. I have a total 15000$ debt on my credit cards and a charge card from AMEX. as i am not in the position to pay my debt right ... Read More »

                            Should I Cash Out my 401K to Pay Off Debt? – Anna

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                            “Dear Steve, I am currently a stay at home mom and my husband is working outside the US. Our monthly income is $13,000/mo. And our revolving debt is listed below: Home Mortgage – $340,376.98 – 2,098.82 Line of Credit 191,529.48 – 568.53 Credit Card 1 10,088.49 – 336.00 Credit Card 2 15,865.05 – 343.00 Credit Card 3 13,321.12 – 231.00 ... Read More »

                              My Husband Lost His Job. What Can We Do To Get Help From The Credit Card Companies? – Cyndi

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                              Cyndi “Dear Steve, My husband lost his job. We are $13,000 in credit card debt. We owe a mortgage and an equity loan. My income covers most but not all expenses. I need to know what I can do to get the credit card company to set me up on monthly payments for what I owe,without adding anymore service charges ... Read More »

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