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Home > Author Archives: Steve Rhode (page 671)

Author Archives: Steve Rhode

Attorney General Reaches Deal With Debt Collection Companies Over Deceptive Practices

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New York Attorney General Andrew M. Cuomo today announced that his office has reached an agreement with three New York debt collection companies that failed to adequately supervise employees who engaged in deceptive and fraudulent methods to collect debts. The three companies, Creditors Interchange Receivable Management, LLC, Capital Management Services, LP and Tri-Financial, LLC, have agreed to substantially reform their ... Read More »

    The Banks Won’t Refinance the Investment Rental Properties I Bought Using Credit Cards. – Kyle

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    Kyle “Dear Steve, Quit my job to do real estate investing. Was doing well, but then banks changed lending laws and I couldn’t refinance the houses I had. I bought them using credit cards. I was able to sell one of them, but on top of living on my savings and no income, things depleted quickly. I bought another house ... Read More »

      Just Because Your Bank Modified Your Mortgage Doesn’t Mean It Will Stick

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      A very interesting article on the Mortgage law Network appeared that you should be aware of. And banks are failing at an alarming rate. When a bank is taken over by the FDIC, the FDIC is protected by law from “side deals” made with borrowers which might tend to reduce the value of your loan to them. What does this ... Read More »

        We’ve Got a Pay Option ARM Mortgage That is Killing Us. – Bill

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        “Dear Steve, My wife and I where pursuaded by a friend in the mortgage business about four years back to refinance into a pay option ARM in order to help us pay off some of our other debt and now this mortgage is killing us. Our credit card debt is all but gone, however the mortgage payment has increased to ... Read More »

          New Scam to Watch Out For: vivian00cole@gmail.com & the Rental Scam

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          I had a friend start to get sucked in on a rental scam that goes like this. Vivian Coleman or Vivian Coleman posts a well written advertisement for a sublease of a beautiful furnished apartment for a below market rate. She says that she and her husband have been relocated out of the area and they are looking for someone ... Read More »

            The Whole House Fan Project – It’s Done, Comfortable and Saving Me Money

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            In my quest to reduce my reliance on utilities I embarked on a journey that involved sealing my crawl space, adding loads of extra insulation in the attic and installing a whole house fan. Some have thought that I meant an attic fan, not so. A whole house fan draws air from inside the house and discharges it in the ... Read More »

              I’ve Made an Appointment With a Credit Counselor But What Should I Do? – Mary

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              “Dear Steve, I’ve been married for 4 years to my husband. We have a home, car, and one credit card in both of our names. We also have credit cards in just my name. Our credit card debt has gotten out of control; to the tune of $93 thousand dollars. $75 thousand is in my name only. I’m a stay ... Read More »

                I’m Worried I’m Going to Get Arrested For My Bad Debt in Dubai and Sit in Jail for a Long Time. – William

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                William “Dear Steve, I’m in a rather difficult predicament. I’m currently in Dubai and due to having lost my job I’m no longer going to be able to afford to pay the monthly instalments on my credit card debt as well as on a personal loan I was forced to take out due to the Dubai law whereby one has ... Read More »

                  Regions Bank Won’t Work With Me to Let Me Pay What I Can Afford. – Tony

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                  Tony “Dear Steve, Need help getting this payment down or we won’t be able to pay it… I’m trying to get Regions Banks to work with me and my wife on a hardship program… My wife and I borrowed $95,000 for a business that has failed due to the poor economy here in Florida… We can no longer pay the ... Read More »

                    My Photo of the Day – What a Modern Pirate Should Look Like

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                    One of my greatest joys, is my photography. It is something that I love to do. It is an extremely personal part of me that I thought I’d share with you. Even if you are facing difficult financial times, find something you love to do as well. Read my previous post “Don’t Let Your Debt Consume Your Life. Take Advantage ... Read More »

                      I Want You to Meet Who You Helped Today – Mihail Popritac

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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 »

                        I Received a Mailer From Payment Reduction Service and Core Pac Solutions to Modify My Mortgage. – Charles

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                        Charles “Dear Steve, My mortgage is upside down, I am one month behind, I cannot qualify for a re-finance given my credit score. I contacted my lender to see if I qualified for the federal loan modification plan (countrywide/BOA) and they indicated that they will contact me if they think I qualify-no word. I got an unsolicited mailer advtertising a ... Read More »

                          My Credit Card Company Treated Me Like Crap And Told Me to Go Bankrupt. – Marissa

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                          Marissa “Dear Steve, 3 1/2 yrs divorced, had stellar credit, (lowest score was 794) bought condo just before market peak and put $45k cash down, salary has continually decreased since by 10% total in addition to losing bonuses, paid expenses, and 401k, work hours also have shortened and are unpredictable. $10,000+ in assessments since house purchase, condo dues have more ... Read More »

                            Will Cashing Out My 403b Negatively Affect My Credit? – Luke

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                            Luke “Dear Steve, I have a great employer pension, a decent 401k, and a small 403b($7000). I am not worried about retirement. I tried several years ago to combine the 403b into the 401k and was told I could not do that. I have no credit card debt but ridiculous student loans and a car payment. This summer I have ... Read More »

                              At What Point Do Dave Ramsey and Suze Orman Compromise Themselves For Sales?

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                              This is just another one of those random thoughts that flows through my head every once in a while, so forgive me. I was thinking back on my old days when I ran a large credit counseling / debt management company and dealt with the balancing act of needing to get new clients versus always doing the right thing. I ... Read More »

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