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Home > Author Archives: Steve Rhode (page 678)

Author Archives: Steve Rhode

NASCAR Ponzi Scam Nabs Drivers

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“Basically, the Ponzi scheme made investors believe that they could get them a guaranteed return on their investment up to 40.8 percent and they got them to invest their money and then used their money for their own personal gain. Our investigation is still in the process of collecting evidence and sorting through the different computers and everything else we ... Read More »

    Should I Just Tell My Creditors to Sue Me? – Heather

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    Heather “Dear Steve, Basics: I just turned 40. I’ve been unemployed for about 9 of the last 18 months. Finally have a part time, minimum wage job. Looking for more work but can’t find anything yet. I owe around $12-15,000 in unsecured debt. I agreed to a program with Discover where they reduced my interest rate to 5.9% and automatically ... Read More »

      Will Banks in Dubai, Hunt Me Down in Canada? – Kent

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      Kent “Hi Steve, I left Dubai without paying my credit card bills with 2 int’l. banks. I am now here in Canada on a permanent resident status. Can they trace me here? I am worried that it might adversely affects my application for Citizenship should I apply after 3 to 4 years. I am really stressed now. Thanks, Kent”   ... Read More »

        Which Debt Should I Pay Off First, Credit Card or Personal Loan? – Sean

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        Sean “Dear Steve, I’m a 20 year old college student around $2000 in debt, with two credit cards and one personal loan. What should I pay off first? The credit card with the highest balance or the one with the higher interest rate, or the loan. What effects my credit score the most? Sean”   Dear Sean, Personally, I like ... Read More »

          Credit Card Arbitration Falls Out of Bed. Began with National Arbitration Forum Getting Sued.

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          Minnesota Attorney General Lori Swanson and the National Arbitration Forum—the country’s largest administrator of credit card and consumer collections arbitrations—have reached an agreement that the company would get out of the business of arbitrating credit card and other consumer collection disputes. “I am very pleased with the settlement. To consumers, the company said it was impartial, but behind the scenes, ... Read More »

            I Feel So Embarrassed, Ashamed, and Without Hope Because of My Debt. – Karen

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            Karen “Dear Steve, I am 62, divorced, working full time and heavily in debt. I tried Consumer Credit counseling, Debt Settlement by closing what little 401K I had and finally have filed for bankruptcy. My court date is in 1 month and I just received an audit from the IRS and find I owe another 5000 due to my own ... Read More »

              We Have Crappy Credit But Need to Stop The Car Getting Repoed. – Anna

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              “Dear Steve, My husband and his father are cosigners on a car loan together which is in mine and my husband’s possession and we are the ones paying for it. Due to my father in laws illness he has filed for Chapter 7 bankruptcy, the lawyer has stated on the forms to remove my father-in-law’s interest on the car. I ... Read More »

                I’ve Made Some Really Dumb Money Mistakes in the Past. – Mindi

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                Mindi “Dear Steve, I’ve made some really dumb choices in the past.I began working at age 17 and eventually saved up enough money to become a nurse assistant by age 18. when i got my first job making decent money i bought a car cash, broke 3 separate cell phone contracts and then moved in with a guy that was ... Read More »

                  I Have Great Credit, Never Missed a Payment, And Want to Get Out of Debt ASAP. – Bonnie

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                  Bonnie “Dear Steve, I have a large number of credit cards and a lot of credit card debt. I have never missed a payment and currently have a FICO score of 736. I want to pay down my debt and possibly consolidate my accounts into one payment. I think my debt is approx $60,000 and I have an mortgage and ... Read More »

                    I’m Enrolled with The Consumer Law Group and Can’t Afford My Medication. – Dauna

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                    Dauna “Dear Steve, I am 62, on disability and enrolled with Consumer Law Group last July. Because of my declining health, I need the funds which currenty go to the Consumer Law Group, for medication. My question is, if I discontinue these payments, will my retirement pension, which I receive in addition to social security, be subject to garnishment? I ... Read More »

                      I’m Holding On to Our House By Draining the College Fund. – Dave

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                      “Dear Steve, Much of my compensation is commission based and my clients are in the retail industry. My salary has reduced 25% so I tried to refinance my home, but it is only 2 years old and the value has declined 30% in the past year. My secondary mortgage lender was willing to offer a principle reduction if the primary ... Read More »

                        My Mortgage Was Discharged in My Bankruptcy But I Still Pay It. – Rae

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                        Rae “Dear Steve, My mortgage was discharged in my bankruptcy proceedings in December, 2005. I have continued to pay on my mortgage per the credit agreement. I have two questions: Is there a way I can get my mortgage to start reporting to the credit agencies because I am paying on it even though it was discharged? My budget is ... Read More »

                          My IVA Has Failed And I’m At The End of My Rope and Considering Death. – Charlie

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                          Charlie “Dear Steve, I had an IVA for 2 years -now failed due to I cannot afford the repayment in the first place anyway, my income was manipulated by my supervisor so that I can get through the IVA petition. Manage to keep it going for 2 years by borrowinf from pot a to pay pot b, so on and ... Read More »

                            John Has Questions After Reading My Book “Eliminate Your Debt Like a Pro”

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                            “Dear Steve, I read your on line free book about eliminating credit card debt like a pro-I wish I read it earlier–i contacted a debt management company in 5/09 and began paying 800+/mo and quit paying my creditors at their direction after being current up to that point. I am becoming disillusioned with the program as they will not begin ... Read More »

                              Cutting Power Consumption Even Further – The Dryer Goes Silent.


                              In my quest to reduce our energy consumption to help save money, we’ve done a lot of work on the house and installed solar panels to generate power. You can see the list of posts on this topic here. This weekend we decided to try another technique to reduce our power consumption even further. We wanted to see if we ... Read More »

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