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Home > Author Archives: Steve Rhode (page 669)

Author Archives: Steve Rhode

My Debt Snowball, Snowballed. – Janine

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Janine “Dear Steve, I have $90,000 in debt and make $63,000 a year. I did a debt snowball but that snowballed. I can’t seem to get out of debt. My parents were close to losing their home and I gave them most of my money. I have a few things I plan to sell but nowhere near enough to cover ... Read More »

    The Five Myths About Bankruptcy. Watch the Video.

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    Thanks to Twitter I discovered a new video out of a news story on the five myths about bankruptcy. The myths are: You should be dead broke until you file for bankruptcy. Bankruptcy ruins your credit score. You lose your home if you go bankrupt. You should max out your credit cards before going bankrupt. You should raid your 401(k) ... Read More »

      Solar Panel Update – Installation Day

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      Well today is supposed to be the day that solar panel installation begins on my roof. I’m looking forward to this being completed. Yesterday the final panel layout was finalized. Images below. The process of getting this far has been tiring. We started with just your normal house and had a whole house fan installed, loads of additional attic insulation ... Read More »

        I Have a Florida Time Barred Debt Issue. – Sally

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        “Dear Steve, Bit complicated. Am aware of time barred et al in Florida a note for $5, 000 secured by the promise that when property sold it would be paid note dated in 2000 was meant to honor the loan made by a friend. my property was due to be sold in 2007 by a sales agreement. we also fixed ... Read More »

          I’m in Debt Because of Too Much Fish. – Michael

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          Michael “Dear Steve, I’ve had a hellish trip through misery and desperation the past few years. In 2006, I experienced a health condition and illness from heavy metals and mercury through extreme consumption of fish and seafood since beginning to eat them more frequently in 1997. In Jan 2007, I had to leave my established sales career because of the ... Read More »

            I’m Going Bankrupt. How Long Until Bank of America Sues Me? – Mary

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            “Dear Steve, I have consulted an attorney regarding my overwhelming credit card debt ~ over 80K. I was told to stop using the credit cards for 3 mos before filing Bankruptcy. I have 3 credit cards with B of A, and also have my checking account with them. The attorney told me to move my bank acct, but I’m concerned ... Read More »

              Professional Journalist Really Blows This Debt Settlement Story

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              CNBC produced a story by Trish Regan that was full of misleading statements and came across that debt settlement was not a problem, without ever mentioning the tax consequences or that debt settlement companies are under investigation. The story claims that an NFCC agency, ClearPoint Financial Solutions was able to get Providian to settle the debt for less. There is ... Read More »

                I Want to Consolidate My Credit Card Debt at a Good Interest Rate. – Roy

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                Roy “Dear Steve, Trying to consolidate debt. seems there is no real help unless you default im trying to get help before I get to that point. just want a fair deal…looking for 9 to 11 % interest rate for roughly 25,000 total debt( not including 20,000 left on two car payments) I make a good salary now but it ... Read More »

                  Video Review of Cool-N-Save Heat Pump Energy Saver

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                  I’ve mentioned a little unit that I purchased to see if I could lower our energy consumption from one of our heat pumps. It is a little device called the Cool-N-Save and it operates by cooling the air that flows over the fins of the heat pump. You can read the study conducted by Tulane University on the Cool-N-Save unit. ... Read More »

                    New Financial Disclosures Out. John McCain Going Further in Credit Card Debt at 25.99%. Ouch!

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                    Last year I wrote a story about John McCain and his Chase credit card with a 25.99% interest rate. I just discovered that the latest 2008 financial disclosures are out and I went back to see if he got a better rate on his card. Not only didn’t he get a better interest rate, but his balance has increased on ... Read More »

                      My Daughter Took Out Student Loans. I Couldn’t Co-Sign. Her Grandmother Did. Now She Can’t Pay. – Lorrie

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                      Lorrie “Dear Steve, Four years ago my daughter decided to go back to school. She took out student loans through Sallie Mae. I tried to co-sign for her but was turned down… my mother was not. So now we have a problem of course, my daughter has 2 children, no job and the ex-husband doesn’t work either. My mother (the ... Read More »

                        I Want You to Meet Who You Helped Today – Jorge

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                        It is important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. Please visit or use the services of advertisers on the GetOutOfDebt.org site so we can help more ... Read More »

                          Don’t Get Scammed By Dishonest Loan Modification Companies

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                          More news today about loan modification companies and the troubles people are having in paying them for help. “They convinced me they could help save my home and intervene on my behalf as a third party with my mortgage company,” said Mr. Briscoe, who bought his Tucson home in 2005. The company charged him $2,000 and told him he should ... Read More »

                            What Do I Do About Lawyer Calling Me to Collect on Old Debt? – Jeff

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                            “Dear Steve, Due to a loss of income last year we have been unable to pay numerous credit card companies. We are stable now but cannot catch up. One of the accounts was charged off in the mean time and it was purchased by a debt-collection company. I have received a letter and a few phone calls from someone in ... Read More »

                              I Just Finished a Divorce and Want to Dissolve My Debt. – Janet

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                              “Dear Steve, I am currently in debt, $40,000. I just finished a divorce, had to buy a home and furnish it for my children and myself. Now I want to disolve all of my credit card bills with one monehtly payment. Because I have too much revolving credit I keep getting rejected. I do not want to go to a ... Read More »

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