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Home > Author Archives: Steve Rhode (page 680)

Author Archives: Steve Rhode

New York State Shuts Down Debt Collection Companies That Used Illegal Scare Tactics

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Attorney General Andrew M. Cuomo announced that his office has shut down a New York collection operation that consisted of at least nine debt collection companies across Western New York, run by Buffalo resident Tobias Boyland. This is the latest action in Attorney General Cuomo’s ongoing investigation of unlawful debt collection practices. According to hundreds of consumer complaints filed with ... Read More »

    The Collection Company Says My Income Counts in Repayment Even Though I Am Not On the Credit Card. – Kim

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    Kim “Dear Steve, My husband hasn’t worked a full pay period in months and therefore one if his credit cards went to collection. I am not on that card as a signer nor did my income get used for securing that card, however the debt collection company is telling him that my income is included and therefore I can pay ... Read More »

      I’m Not Sure if Ocwen Will Modify My Mortgage. They Won’t Respond. – Rush

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      Rush “Dear Steve, I am in Dallas, Texas and have been unable to find full time work since 9/2007 and am 6 months behind on my mortgage. I submitted a modification package to Ocwen in April but have received no response other than “Your request is still under review.” Meanwhile, I have received a bunch of foreclosure documents from some ... Read More »

        I’m Taking Oxycontin and Roxicodone. I Can’t Think Straight to Deal With My Debt I Ran Up in My Husband’s Name. – Cynthia

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        “Dear Steve, I am on disability and ran up 17000 in credit card debt in my husbands name and he can’t file bankruptcy or he will loose his job. I only get 11.00 an hour on disability and have applied for social security disability and keep getting turned down. the company I hired Binder & Binder are not helping me ... Read More »

          Call to Action Debt Management Plans Rolling Out Slowly. May Benefit Consumers Looking to Repay.

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          For years I have been emphatic that in a credit counseling or debt management repayment plan, it isn’t the interest rate reduction alone that is important, people need to get their monthly payments reduced. That’s more important. New “Call to Action” debt management plans (DMPs) offer low or no interest rates to people who can qualify. In addition, the plans ... Read More »

            I Have Gone Through All My Savings and Gambled to Try to Stay Current on My Bills. – Janet

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            “Dear Steve, I am 75,000 in debt. All are credit cards. Last year I lost a job of 20 years but was able to get a job at about 20,000 less income. I was able to convince myself that I had my debt under control because I was able to pay it. I have been fooling myself and now have ... Read More »

              Florida Credit Repair Firm, U.S. Credit Find, Reaches Settlement With Illinois Attorney General

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              Attorney General Lisa Madigan has shut down the alleged “phone cramming” operations of a Cape Coral, Fla., credit repair company that placed unauthorized charges on the phone bills of thousands of Illinois consumers, small businesses and local governments. Through a settlement agreement reached with the Attorney General, US Credit Find and its owner, Aaron Stanz, have agreed to cease participating ... Read More »

                Elizabeth Warren Fights for New Consumer Financial Protection Agency

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                I’m really happy to see my friend Elizabeth Warren out in front of new ideas to protect consumers from banks and lenders. Maybe the time has come that consumers will be entitled to some representation in government when it comes to banking products and the banking system. Ms. Warren, for years a scourge of Wall Street, has emerged as an ... Read More »

                  My 19 Year Old Daughter Owes $5,000 on a TD Bank Credit Card. Does She Have to Pay?- Marion

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                  Marion “Dear Steve, My daughter was is 19 years old was offered a credit card at TD Bank, when she went in to take some money out of her savings account. She was told that it was a great time to get a card, and that they get commission/points for how many people they can sign up for a credit ... Read More »

                    Listen to Me on NPR, Please, Please.

                    Starting at about minute 22 you can hear my segment about financial education and my personal story of debt. You can see the segment in the podcast bar as the “Getting Into and Out of Debt.” If you can’t see the podcast show above, click here. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Get Out ... Read More »

                      My Fiance is Going Bankrupt. Will We Ever Be Able to Buy a House? – Jennifer

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                      “Dear Steve, My fiance is considering filing for Chapter 7. He has okay/good credit, but more than $25,000 in credit card debt and his payments severely limit our finances. He does not have a car or house that creditors can seize for payment. I’ve read that bankruptcy will stay on your credit for 10 years, but other people have told ... Read More »

                        I Have $95,000 in Credit Card Debt and Can’t Make the Minimum Payments. – Kevin

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                        Kevin “Dear Steve, I’m presently current on all of my credit card debt (nearly $95,000), but life’s circumstances are making it extremely difficult to pay the minimum payments and I am not making any headway with my debt. I’m considering one of the many debt settlement companies out there and wondering if you know much about New Era Debt Settlement ... Read More »

                          Bill Collectors Keep Calling About a Truck We Paid Off in 2003. – Stephanie

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                          Stephanie “Dear Steve, My husband had bought a (used, but newer) truck a few years before we married (around’03?) He sold the car(truck) because full insurance with his driving history (at the time) made insurance and payment more than the rent payment. He knew he was “upside down” on the truck lien when he decided to sell it. Trying to ... Read More »

                            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 »

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