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Home > Author Archives: Steve Rhode (page 680)

Author Archives: Steve Rhode

I Put a Friends Car in My Name That Cost $67,000. – Anita

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Anita “Dear Steve, I’m about 20K in credit card debt. I owe about 142K still on my home. I put a friends car in my name that cost 67K (I’m still not sure how that loan went through). My income is about 43K. I’m struggling!!! I can’t get a consolidation loan because I have more debt than income. I’m trying ... Read More »

    Should We Pay Off Our Mortgage? – Andy

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    Andy “Dear Steve, I am 62 years old and had planed to retire in 3 – 3 1/2 years. With the ecomonic problems today my wife and I are thinking aobut taking $29000.00 out of my 401K and pay off our mortgage. I am still employed but things have really slowed down. So don’t know what year end will bring. ... Read More »

      We Can’t Afford Our Mortgage and Bank of America Said They Can’t Help. – Anne

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      “Dear Steve, My husband and I purchased our first home 2 years ago for $745k and put down 20%. The current balance on the loan is about $550k, and our interest rate is 6.875%. Our payments are $3800 per month. We just lost our business that provide about 50% of our income. Because of this we cannot afford our mortgage ... Read More »

        I Had a Very Good Job a Year Ago and Now I’m Hiding From the Debt Collectors. – Jaime

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        Jaime “Dear Steve, I had a very good job a year ago, but when the company closed I lost my job. I had bills that I could no longer afford. My total debt was $31,000 and the last payment I made was more than a year ago. I have moved away from my former location and have moved twice since ... Read More »

          I Want You to Meet Who You Helped Today – Elizabeth Ibelegbu

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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 Am Currently Enrolled in CCCS And Having a Hard Time Making My Payments. – Kim

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            Kim “Dear Steve, I work fulltime and owe $24000.00 in credit cards. I am currently enrolled in CCCS and I am having a hard time making my monthly payment. I have payed 671.00 for 2 months now, but the 3rd month is due and all I have in my bank account is 25.00. Medical finaces caused me to be -228.00 ... Read More »

              I Panicked and Called a Debt Reduction Company. I’m Afraid I’ve Walked Into a Scam. – Megan

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              Megan “Dear Steve, My husband and I currently have around 10-12,000 in credit card debt and medical bills. About 2 years ago, after our 2nd child was born we became unable to make the minimum payments on the credit cards (about 10 different credit cards) and we have also been unable to pay the medical bills from our son’s birth ... Read More »

                Disturbing and Potentially Deceptive Move by Credit Card Industry. HelpWithMyCredit.org

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                It what certainly feels like yet another self-serving action by the credit card industry, Bank of America, Capital One, Citi and Discover Card, as well as the payments networks MasterCard and Visa have launched a new website HelpWithMyCredit.org that misleads consumers. What appears to be even worse, is that a CNN personal financial reporter that I normally respect, Gerri Willis, ... Read More »

                  Debt Settlement Companies. Prepare to Get Slaughtered.

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                  The debt settlement industry is exploding. Some say that many of these new companies are being run by failed mortgage brokers that want to get into the business. I don’t know about that but certainly there is a wave of opportunism evidenced by the exploding debt settlement industry. The sad thing about this is that as the market gets flooded ... Read More »

                    I am Disabled and Worried About Paying My Credit Debt. – Patricia

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                    Patricia “Dear Steve, I am disabled and worried about paying my credit debt. I’m raising my 8yr.old granddaughter and only get 1,000 a month. My aunt died and is unable to pay funral bill and credit cards that I trusted family to pay and they did not what should I do im losing hope? My aunt died and lived with ... Read More »

                      Bank of America Set to Raise Balance Transfer Fees

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                      Making a balance transfer to a Bank of America Card just got a lot more expensive. On Jun 1 the fee charged when you transfer a balance to a Bank of America card will go from 3% of the balance to 4%. This move is just another is ways for banks to increase income and revenue. From raising interest rates ... Read More »

                        We Are Moving to Mexico for a Job. – Mellisa

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                        Mellisa “Dear Steve, My husband is on unemployment in NJ. We are moving to Mexico Playa Del Carmen for a job opportunity for me and hopefully a better life. Can he still collect unenployment while trying to establish his business in Mexico? Mellisa”   Dear Mellisa, I’m jealous of your move to Playa del Carmen in Mexico. I’ve had some ... Read More »

                          We’ve Gone From Doing Well to Barely Getting By. – Michelle

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                          Michelle “Dear Steve, For several years, my husband was doing very well for himself as a contractor and I have had a very stable government job. We began building a life for ourselves…bought a house, two “new” used cars, established some savings, and did not worry about money. As the economy slumped, so did my husband’s business, and he went ... Read More »

                            How Can I Cut My Debt in Half. – Jean

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                            Jean “Dear Steve, I recently moved all my credit card debt to one Credit Card. I canceled card and have a interest rate at 6% with a total of 23000,00 credit card debt. My monthly payments are 500.00 for how ever long. Im current on my payments but with my hours cut back at work Im starting to fall behind. ... Read More »

                              My Debt is Affecting My Everyday Life and Relationships. – Enrico

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                              Enrico “Dear Steve, I have $85,000 in credit card debt and $40,000 in student loans. I have $7000 in the stock market $3000 in savings and $11000 in my 401k. I am a PhD scientist and make ~$100,000/yr. My debt is primarily from credit cards during 6 months of unemployment between PhD and first job. Also, the credit cards were ... Read More »

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