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Home > Author Archives: Steve Rhode (page 670)

Author Archives: Steve Rhode

Three Mortgage Brokers Arrested in Handcuffs from Mortgage Refinance Scam

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California Attorney General Edmund G. Brown Jr. today announced that agents from his office have arrested Michael McConville, and two of his associates for their roles in a “criminal conspiracy” to steal nearly $1 million from borrowers seeking to refinance their homes. McConville and his co-conspirators lured dozens of borrowers into refinancing home loans by falsely promising low interest rates ... Read More »

    “Bank of America’s Message to Me Was Tough Shit!”

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    Certainly an impassioned point of view from a very angry Bank of America customer that feels strongly that she is not going to pay Bank of America one more penny. Here are some videos that responded to the original video or content. As you can see she has a few fans. Although the message could have better embraced by people ... Read More »

      We Make Too Much Money and Have Too Much Debt. I Want to Raid My 401(k). – Paul

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      “Dear Steve, My wife and I have a tremendous amount of debt. We make a lot of money by most standards, and that makes bankruptcy virtually impossible. Our credit card debt alone is more than 50% of our yearly income ($130,000 in credit card debt, plus $60K in student loans, plus $370K in mortgage debt, on $240K of yearly income). ... Read More »

        Chase Class Action Suit For People Offered a Chase Fixed Annual Rate Credit Card

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        This might be of interest to you if you were offered a fixed rate credit card from JP Morgan Chase and then they switched the terms. This is an ongoing investigation and pending consumer class action against Chase Bank USA and JPMorgan Chase & Co. (hereinafter “JP Morgan Chase”) in which it is alleged that JP Morgan Chase offered to ... Read More »

          My Husband Lost His Job as a Minister. I Drive a School Bus. – Rose

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          Rose “Dear Steve, I am employed as a school bus driver. My husband was a minister until losing his job and consistent annual income 3yrs ago. He quickly went into Real Estate at precisely the wrong time. Since that didn’t work out so well and put us in the poor house, he has started a new carpet cleaning business that ... Read More »

            I’m Waiting For My Mortgage Modification to Be Reviewed by Bank of America. – Noel

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            Noel “Dear Steve, I am an officer for the State of California, and lost 15% $1,100 of my income and it’s caused a hardship because we can’t afford our payment now. It was tough anyway, but after that it’s became impossible. We’ve sent in all the information you advised and a check for what we can afford to pay Bank ... Read More »

              Why I’m Investing $1,000 to Help People Consolidate Their Debt.


              I’m old enough now to learn that I should never say never about anything. There was a time that I was very anti peer-to-peer lending and thought there were no longer any opportunities for people to get unsecured debt consolidation loans. My initial uncertainty and hesitancy about this form of lending was supported by what I observed in the early ... Read More »

                How Can I Get Out of My Agreement With The Credit Exchange? – Stephanie

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                Stephanie “Dear Steve, Signed up with The Credit Exchange but creditors still harrassing. I have tried to contact agent for 2 weeks but no response. Luckily It has only been one month and one payment made but want to get out of agreement and try to work with creditors. I have been laid off since January and still looking for ... Read More »

                  I Want to Clean Up My Credit But I Live Overseas Now. – John

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                  “Dear Steve, I ran into work trouble a few years ago and neglected to keep up with most all of my debts. Most have been bounced around from collection agency to collection agency and to some law firms. I am now where I can start paying off some of these debts, the biggest problem is I now live overseas and ... Read More »

                    Jim, Charles and Cheryl Get Their Questions Answered on This Get Out of Debt Podcast

                    Here is the latest Get Out of Debt show podcast. Do You Have a Question You Want to Ask? If you have a credit or debt question you’d like to ask call 919-321-2378. Leave your first name and question and I’m happy to help you totally for free. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? ... Read More »

                      I Am A College Student With Good Credit and Bad Debt. – Matt

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                      Matt “Dear Steve, I am a college student and currently have 10,000 in credit card debt. I have been able to make the min payments for them but have not made much progress. I am getting married in a year and a half and really dont want to have credit card debt. I applied for a loan to consolidate all ... Read More »

                        What a Week. Mom’s Ovarian Cancer Surgery, My Dog Dude Needed Surgery, And Back and Forth

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                        As far as productivity on answering questions this week to help people, I’d have to give myself an A for effort but and F for execution. Life just got in the way. But that’s the way it works, in good times and in debt times. Times like these really help to make it clear what your priorities should be. My ... Read More »

                          Should My Boyfriend Face Up to His Debts and Sell His House? – Jan

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                          “Dear Steve, Hi – I am 48; I have no debt; I own my home with less than $80,000 left on the mortgage and I pay 1-2 extra payments each year; no credit card dept -I pay ithem both off each month; no car payments; low income ($1500 pm) but I am working on a masters so I hope that ... Read More »

                            My Chevrolet Aveo is Broken and I Might Have to Let The Bank Take It. – Gary

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                            Gary “Dear Steve, Well, my current situation goes like this…..I bought a used 2004 Chevrolet aveo and have had it for about 3 years. The recommended service for a timing belt change came at 60,000 miles. I had 63,000 miles on the car when it broke. the car is not covered under any warranty. my mechanic said it’s going to ... Read More »

                              Two of My Credit Card Companies Have Doubled My Payment. – Pam

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                              “Dear Steve, Two of my credit cards have decided to more than double my payment and I cannot afford the payments. I am current and in good standing at this time but I know I cannot pay these amounts. The company I was employed with closed on March 20, 2009 , so I am now unemployed. I have always done ... Read More »

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