Home > Author Archives: Steve Rhode (page 672)

Author Archives: Steve Rhode

Debt Settlements May Be Voided And the Money Due Anyway

A recent posting, “An IRS 1099-C Form Does Not Mean Debt is Discharged” caught my eye. It highlights a great potential risk for people that use debt settlement to eliminate their debt. The surprise is that while they think the debt settlement process has discharged their debt, it absolutely might not. A third circuit bankruptcy case recently decided that Form ... Read More »

    http://twitpic.com/p8uyz At the biker bar for southwest chicken special

    Zemanta Related Posts Thumbnail

    getoutofdebtguy: At the biker bar for southwest chicken special Read More »

      My Brother is in Jail in Dubai for Debts. – Jiv

      Ready to Collapse

      “Dear Steve, I have read a lot of of your advices from different problems. I am based in Dubai and my case is almost similar to those who have problems with the banks, but it’s not actually me but my brother. The situation is, he and his manager went to the banks to settle his loans, but banks told them ... Read More »

        Now You Know the Debt Settlement Industry is in Trouble When Alaska Cracks Down

        Ready to Collapse

        Alaska, otherwise known as the last of the rough and tumble frontiers in America, is often the last bastion of lawlessness. Have you watched the Alaska State Trooper television show? A story by KYUU in Alaska made me chuckle. Apparently Alaska is outraged by the actions of debt settlement companies that are charging up-front fees. Alaska’s attorney general has joined ... Read More »

          My Child Has Own Business That Does Not Generate Money. – Mom

          Ready to Collapse

          “Dear Steve, Scenario: Child has own business (in name only really) which is partially paid off. Due to bad debts from people owing money said child has been unable to pay back bank loan for past 4-5 months. Child does not live at home but lives with girlfriend. Child has no assets except said business. At this stage there was ... Read More »

            Will I Be Responsible for My LLC Debt When it Folds? – Lisa

            Ready to Collapse

            “Dear Steve, I own an LLC in Phila, PA (I live in NJ). Can i be held personally responsible for any debt incurred by the LLC? Such as, we had a credt/cebit card machine that according to them (RBS World Lynx) was terminated early and they are billing for almost $800. The business is doing poorly. I am thinking of ... Read More »

              We Have a Lot of Debt But We Don’t Want to Go Bankrupt. – Heather

              Ready to Collapse

              “Dear Steve, Due to my husband losing his job and my being off work at times for medical reasons, we hve a lot of unsecured debt. We do not want bankruptcy. We have to refi our house next year so I don’t know what to do. we have about $50,000.00 in debt. Heather”   Dear Heather, Your options are limited ... Read More »

                http://twitpic.com/p5apg I named them Bank of America and Chase.

                getoutofdebtguy: I named them Bank of America and Chase. Read More »

                  http://twitpic.com/p5a6j This just looks way wrong. Dog Depends.

                  Zemanta Related Posts Thumbnail

                  getoutofdebtguy: This just looks way wrong. Dog Depends. Read More »

                    http://twitpic.com/p5a0e Anyone missing a blood parot cichlid? (pic)

                    Zemanta Related Posts Thumbnail

                    getoutofdebtguy: Anyone missing a blood parot cichlid? (pic) Read More »

                      My Second Husband Spent All of My Home Equity Line. – Nicole

                      Ready to Collapse

                      “Dear Steve, My second husband, not the father of my children, has managed to spend $150,000 of the home equity line of credit (all of it). He says he gave the last $24,000 to his aunt for ‘safekeeping’ because the banks were going to reduce the amount of equity people have available. $8,000 was for my car and I’ll be ... Read More »

                        Illinois Attorney General Madigan Sues Company Making Debt Reduction Promises

                        Ready to Collapse

                        Illinois Attorney General Lisa Madigan today filed a lawsuit targeting a telemarketing scam that promises to immediately reduce consumers’ credit card interest rates but ultimately fails to achieve any savings for consumers. “During these difficult economic times, consumers are understandably looking for ways to ease the burdens of rising debt,” Madigan said. “But I urge consumers to be wary when ... Read More »

                          I’m a Female in My Late 20s and My Credit is Horrible. – Tayumika

                          Ready to Collapse

                          “Dear Steve, Hello, I am a female in my late 20’s and my credit is horrible. However, I have been focusing on cancelling my credit card debts and paying down my school loans. My goal is to purchase my first home in about 3 to 5 years. I’m also interested in investing but don’t know much about it. My question ... Read More »

                            http://twitpic.com/p0sbj A very grouchy lady who is unhappy with taking her cat to the vet. Or so she’s telling everyone.

                            getoutofdebtguy: A very grouchy lady who is unhappy with taking her cat to the vet. Or so she's telling everyone. Read More »

                              It’s Really Hard for Me to Ask for Debt Advice But I Live in Fear of My Debt. – Afraid

                              Ready to Collapse

                              “Dear Steve, Hello. This is so hard for me to do. I am 32 years old and have lived in fear of my debt for 5 years now. It controls my life. I have told no one about the amount of debt I have incurred. My boyfriend recently proposed to me and I want with all of my heart to ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.